Do You Fear The ‘Big Pitch’?
Pitching is an essential skill for every entrepreneur to master. A great pitch can inspire, bring in investment, win customers, and recruit talented people.
With over 50 years in business, I’ve learnt that there is no right or wrong way to deliver a pitch, but the key is to keep things short and simple, and do something that sets you apart.
This concept led to one of the more creative pitches I’ve heard. Throughout the year we host networking events and workshops on Necker Island, and one particularly innovative thinker pitched me the idea of installing an elevator to make on-Island pitching more streamlined and fun.
I love listening to ambitious and enthusiastic entrepreneurs pitch. I hear pitches everywhere I go. I’ve been pitched to while running the London Marathon, cycling the Cape Argus tour in Cape Town, dressed as an air hostess on an Air Asia flight, and in restaurants all over the world. One lady even swam to Necker so she could pitch to me! Talk about standing out from the crowd!
A great way to deliver a memorable pitch is to make yourself visible. In the early stages of business, a visible leader can be a company’s greatest asset. When a business needs to be seen and heard, there is no better person to make it happen than the founder. If an entrepreneur doesn’t openly support their product, others won’t either. A visible leader is a clear demonstration of the passion and work ethic needed to turn the idea into reality.
I was lucky to learn this early on, when we launched Virgin Atlantic. My mentor at the time, Sir Freddie Laker made it clear to me that Virgin Atlantic couldn’t vie with the competition on advertising spend, and that I would need to use myself to raise awareness. This invaluable advice shaped the Virgin story.
I have listened to pitches of all shapes and sizes, and treat each one as an opportunity to hear about the next big thing. While I have been fortunate to recognise a number of great ideas, I have also let a few slip through my fingers – namely Trivial Pursuit! But I have never really dwelled on those that got away, because another important lesson for investors and entrepreneurs alike is, opportunities are like buses, there’s always another one coming.
While the thought of pitching can be daunting, a well-received pitch can lead you up the path towards great success. I encourage you to hone your skills, and have a go.
Giving aspiring UK entrepreneurs a chance to take their business to the next level, Virgin Media Business, in association with LinkedIn, have launched #VOOM: Pitch to Rich 2015. As the name implies the finalists will receive the opportunity to pitch to yours truly, along with a panel of esteemed business leaders, for the chance to win a £1 million prize fund.
Find out more about Pitch to Rich 2015, and learn about how you can turn your idea into reality.
Specializing in Marine Exhaust and Metal Fabrication
8 年Dear Richard, I had shared one of your posts with a former employee. About clients don't come first employee's do. Treat your employees right they will take care of your clients. Well I guess he wanted my job. He shared your post with the owner of the company. I was fired a week before Christmas. So you have any job openings?
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8 年My heart is to donate my invention at Children Hospitals around the world. God has given me this gift to share. Davison Invention is working on it now. Pray for me.
Visual Basic Developer at Schneider Electric
8 年Not a business pitch, but rather an improvement to Virgin Atlantic. Install sensors in the the seats and seat belt that tell you the time the seat is filled and the seat belt is fastened. Then, send the passenger an email telling them the time between the time their boarding pass is scanned to the time the seat belt is fastened for take off and offer a 'quick boarding' discount on the next flight if it is below an average time or less than X minutes. Every time they fly, send all the previous times and locations and make it a game to have them try to beat their last (or best) time for a larger discount off the next ticket. This should be a good incentive to have faster boarding times for your aircraft as people try to be the 'fastest boading passenger' of a particular airport, "FBP" of 2017, etc. I was taught by a boss: "that which you do not measure, you do not control". Since the boarding pass has the assigned seat, you should be able to get all sorts of metrics both personal and aggregate for your passengers. You may even send a confirmation email when they purchase their next flight offering an INSTANT discount / prize if they can board the aircraft in less then X minutes when it is a hub with long boarding times. [email protected]
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9 年Pitching for the rich is the greatest fun. Simply knowing their LATENT needs, match their cognitive / affective characteristics. Present the pitch in a dialogue format because they hate preachers with slides. Do not sell your skills, but sell CREDIBILITY. They love spontaneity and the logic of WHAT’s NEXT. The rest make it fun and informative. If they’re in front of you it’s because they ‘re half sold, now what you have to do is finish the other half: Know your subject is crucial. ;) and BE the innovation.