How To Enter And Win A Pitch Competition

How To Enter And Win A Pitch Competition

If you have ever watched Shark Tank, you already have a pretty good idea of how brow sweating this experience can be. Though the thought of pitching your business to an investor can have you buckling at the knees, we have come up with 3 tips to reduce the nervousness should you wish to enter the tank and win a pitch competition.

Do your homework and be prepared

Know your business from the inside out and decide who will speak to what when pitching. If you are not a numbers person, get someone on the team who is for investors speak the language of numbers. If you know beforehand who you’re pitching to, find out as much about your investors on a personal and a professional level before going in front of them. Don’t ever go before an investor who is not a good match for your business. You will be wasting your time and theirs!

Be up front and straightforward

Be honest, open and straightforward. The no fluff approach works as investors are so versed, they see right through the make believe. The latter approach and overselling will not augur well for you especially if you are first timer. Remember, first impressions count and last!

Know your value and be ready to back it up

Yep, this is a biggie right here! Confidence shines through when you know who you are and what you are worth. Investors love this and will want to be a part of you and something you are passionate about with a big vision. While having a return on their investment is important to them, what drives them more is the idea that they missed an opportunity that could have been big. Be real, be true, be authentic and they will buy into your dream for the long haul.