article thumbnail

8 New Venture Smarts That You Can’t Afford To Ignore

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. The key here is to create a win-win partner situation for your investors. Lack of clear objectives/goals. Lack of understanding of the funding process/rules.

article thumbnail

6 Aspects Of Your Story That Will Make You Memorable

Startup Professionals Musings

His focus is primarily on improving the results for traditional sales professionals, but I’m convinced that the same principles are equally critical for entrepreneurs selling their startup to investors, strategic partners, and customers. It’s even acceptable to make up a place with a “what if.” Every story needs a main character.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Keys To Business Success For Entrepreneur Introverts

Startup Professionals Musings

You need to build business relationships with partners, team members, investors, and of course customers. This message, usually called your elevator pitch, should be a short and compelling description of your your startup, that can be delivered with conviction in the time it takes to ride up an elevator with a potential investor or partner.

article thumbnail

8 Keys To That First Investment From People You Know

Startup Professionals Musings

Practice your “elevator pitch,” and end it by asking for the order. In these cases both the entrepreneur and the funding partner are the fools. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait. Be upbeat and respectful. Don’t be one.

article thumbnail

8 Common Elevator Pitch Blunders, and How to Fix Them

Startup Professionals Musings

Every entrepreneur needs a value proposition statement for his or her startup that can hook potential investors and partners in less than a minute -- the short time you might join them in an elevator on the way to their offices. Limit your elevator pitch message to about 150 to 225 words in 30 to 60 seconds.

article thumbnail

How to Take Your Startup Elevator Pitch to the Top

Startup Professionals Musings

An "elevator pitch" is a concise, well-practiced description of your startup and your plan, delivered with conviction and enthusiasm, that your mother should be able to understand in the time it would take to ride up an elevator. A good elevator pitch is not just for an elevator discussion.

article thumbnail

8 Startup Gaps That Will Frustrate Funding Efforts

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. The key here is to create a win-win partner situation for your investors. Lack of clear objectives/goals. Lack of understanding of the funding process/rules.