Outlining your exit strategy is a golden opportunity to demonstrate vision and guile if it is presented in a fashion that is both reasonable and supportable. Knowing how to write a business plan correctly will enable you to formulate a reasonable and investable exit strategy that will appeal to lenders and investors. Investors want to make a healthy return for their investment, generally 10 times the initial investment. In ninety nine percent of cases this will take time to deliver and investors know it.
“Nobody Can Copy Us”
The only way this statement is true is if you have an amazing invention that took years of R&D to develop and you have a watertight patent. Even then the patent will typically have a timeframe on it meaning the window of opportunity is finite. This statement is used with alarming frequency and it incites contempt in the eyes of investors and lenders. Unless you do have that patent in your pocket do not claim this to be true in your business plan. It shows a level of naivety that condemns the proponent to “un-investable” status immediately. It will also generate a barrage of questions around the actual uniqueness of the product and the competition it faces. If you make this statement when you write a business plan it had better be true!
The Correct Mindset
For Pitching A Business Plan
Your business plan is your strategic touchstone and should be moving continually with your business. Not only is it the internal heart of your strategic planning it is also a sales document and when pitching for funding it is helpful to remember the following points:
- View the plan from the audience’ perspective
- Cover off the risks and show a detailed action plan to mitigate them
- Set realistic business objectives and measureable milestones
- Know your top line numbers and market information
- Demonstrate how the opportunity will benefit the audience
Now you know the common mistakes it’s time to get your business plan underway. For more information on how to write a business plan and how to get your business up and running visit our website.
In our current business environment, we need to distinguish ourselves from competition. We need our prospective customer to feel inspired to act in our direction. We need them to remember our company more than they remember the competitor’s message. Do your presentations outperform those of your competitor?
We will help you develop skills that will improve your presentation performance and enhance your professional image in front of any audience. No matter what level you’re at today, this training workshop will enhance your presentation skills significantly and will distinguish you and your company from all other competitors.
You still have to prepare the presentation. You still have to deliver the message but this article will help you harvest your inner talent in ways that will enable you to reach your peak level of performance
In the words adapted from the Hall of Fame Basketball Coach John Wooden:
“If you don’t have time the time to do it right, when will you be given the opportunity to do it over?
This text will provide you with the tools to make an awe inspiring presentation the first time.
What are the elements of a great presentation? How do your presentations compare?
Picture the best presentation possible.
- What does it look like?
- How engaged is your audience?
- What are the results from the perfect presentation?
Now, ask yourself,” are you prepared to make this type of presentation”?
- Are your customers awed, inspired and wildly excited about your presentations?
- Thinking of the best presentation you’ve made in the past 12 months. What was the plan or strategy behind it? What was your call to action that you communicated to your audience and how did you articulate your follow up strategy to them?
- Your company has a story. In fact, all great presenters have a story wherein they tell of themselves, their companies and about what their employees do now and about what they will do in the future. Captivating stories evoke emotions in ways data can’t. What is your story and how do you present it in a brief but powerful way?
- What is your company’s value? Do you present this in ways that will be remembered?
- What do your PowerPoint slides look like? Are they filled with bullet points and text? How many words appear on each slide and within your entire presentation? Did you check the text on the essay checker service? Does your audience remember what was contained within your slides or do they simply remember that you were part of the meeting?
- How do you engage the audience in the first 2-3 minutes? Do you have their undivided attention?
- During your presentations, does your audience freely interact with you?
- What type of props or strategies do you use to heighten the interest in your presentation?
- Do you use photographs in your slides?
- Do you show any short videos along with your slides?
- Do you conduct any product demonstrations during your presentation?
Answer these questions first and it will help you to make your presentation far more well-structured and easy to follow.