| |
| |
|
Wealth Building Information |
|
|
|
How To Get Investors And Bankers To Part With Their Money For Your Business
Time and time again entrepreneurs are losing out on getting the capital they need because of making basic mistakes in their pitch. It's great to have a magic product and tons of enthusiasm, but it's not enough. Follow these five rules and see your success rate climb. 1. Look like someone who can make money. At the start of the presentation walk in vigorously and shake hands. Look them in the eye. Look at all people on a panel. Dress formally - dark suit, white shirt/blouse, black clean good-quality shoes and smart accessories. For men a yellow/red tie with no patterns and women - good quality jewellery - not overdone. Forget the crap about being yourself. You may be a creative or software or artistic genius and work in your shorts and t-shirt. If you dress like this in the presentation you'll loose. 2. Show tons of energy and excitement. It's not naive or stupid to show excitement - you must. First of all investors are buying you and your belief that the venture will work. They're looking for passion - that burning desire that will carry you through when times get tough. Do not memorise a set speech. Talk from the heart - explain why you love what you're doing. Talk quickly and loudly (but not too quickly and loudly). Gesticulate and smile. Move about a bit. Take the time to set up your display, visual aids - don't rush. If you're afraid of presenting get help. 3. Tell and show exactly what your product/service is. Explain clearly what your product/service is or does in one sentence. More importantly, explain exactly in one sentence why people will buy it. What benefits does it give purchasers? Use samples - give them something to see/touch. Do not use jargon, acronyms or technical terms. Keep slides and posters simple and limit to three. Give some numbers regarding market size and expected sales. 4. Listen, listen and listen and be polite During question time show you are listening. Acknowledge good points/comments and show you can take criticism. You're asking people for money so be polite. Do not interrupt. Don't show them you think they're stupid. Avoid responses like "You are entitled to your view". Investors are looking to see if you can take advice. 5. Give confidence by explaining away problems. Every new venture will have problems. Prepare by thinking of all the things that could go wrong or could hinder progress. Have answers/solutions. Pick the top three problems and raise these in your talk. Investors want to know you have your head screwed on and feet on the ground. Dr Bill assists companies and small businesses hone their bid documents and presentations to dramatically increase the chances of success. bill@profitimprovers.com
MORE RESOURCES:
Wealth-Building - Google News |
|
|
|
RELATED ARTICLES
10 Ways To Find The Money Hiding In Your Paycheck No matter how tight things are financially for you; no matter how bleak you think that 2005 might be, if you are earning a paycheck then there's extra money hiding in it. You just need to know where to look. Increasing Your Wealth by Increasing Your Financial Literacy Perhaps the primary message of Rich Dad, Poor Dad is increasing basic financial literacy. Perhaps I should say financial literacy for the common man and woman. Discover the Secrets and Possible Solutions To Money Problems It is sometimes pitful how many projects are never born or die simply because of the flimsy excuse : "We don't have enough money !"There are many possible solutions to money problems.When a practical, inspirational, exceptional idea raise from your mind, don't ask the question : "How much will it cost ?" untill the conceptis fully discussed, considered and examined. A New Economic Policy Anyone knows that material wealth is measured in goods: apples, cars, shoes, sheep, etc. When the number and the quality of these things increases, wealth increases. Top 10 Secrets of Getting Rich! As many people have observed, "Success leaves clues." If you want to achieve extraordinary success in the coming year, study the experts, do what they do, and modify their techniques to suit your particular situation. Living Trusts: Do They Protect Your Assets From Creditors? A surprising number of readers want to know "Can a living trust protect my family's assets from creditors and lawsuits?"I think there are some promoters out there that use this as a pitch to get people to set up a living trust using their services:"Transfer your assets to a living trust and hide them from your creditors," are the claims.Sorry, that's not the law. Plan For Wealth One very important wealth creating habit is to set up a concrete plan that you can actually follow. You see, wealth takes planning, and is usually the result of taking a set of orderly, progressive steps from where you are now to where you want to be financially. Thought Creates Reality Even When It Comes To Money What if I told you that reading a book would also change the way you react to the demands that rest upon your shoulders by the system of money you live under. Would you click HERE to learn more about that new way of perceiving your own money situation that would change everything for you especially where money is concerned?What if I told you that reading a book would also change your thoughts and beliefs about money, and change the very reason you have less money than you need and/or desire. Who Else Wants To Know Oprahs Secrets To Wealth & Success? Before I had a lot of money, I was really quite happy," said Oprah Winfrey. "And I will tell you this--you may not believe it--I never would have gotten the money if I wasn't happy to begin with. One Pipeline Is Worth A Thousand Paychecks It is with great pleasure of having you here at this hour. Let me get it straight and be honest with you at the very outset. Starting With Smaller Goals First And Work Your Way Up Until You Achieve Financial Freedom While you need to have a lot of positive-thought and confidence in order to be self-motivated, there are a few things that you can do which will help you to achieve all three things. These steps are generally pretty easy to do - and since they're simple steps, they may seem a little less daunting at first than having to figure out how to be positive-thinking and confident right out of the blue. Wealth Secrets: Saving Your Way to a Fortune SCENE 1: Pharaoh has just woken up from a very troubling dream and feels he must know the interpretation. Joseph gets called in and explains that there will be seven years of plenty and seven years of famine. The Mathematical Formula For Making Money No matter what markets you serve; what products you sell; or what marketing tools you use, in business there's one truth you cannot escape.Embrace this truth and profits will flood your business. Endowments and Endowment Shortfalls - What You Need To Know Endowments and endowment mortgages have received a lot of bad press in recent years, amid concerns over falling policy values and accusations of endowment miss-selling.This article attempts to answer some of the questions and concerns you may have about the way endowments work, what's happening to them, and what you can do to ensure your mortgage is paid off at the end of the term if you have an endowment mortgage. Get Rich Doing What Others Dont "The quickest way to wealthThat I've found to be true;Is to stick out your chestGive your bestAnd do what others don't like to do!" - PrimmIt's been said the difference between the "haves" and the "have-nots" - can be traced back to the people who did .. 8 Tips for Keeping More of Your Hard Earned Money Masters degree not required.. The Parthenon Principle Have you seen a picture of the Parthenon in Athens, Greece? I will never forget walking up to the massive granite ruins. The size and power still remaining in a building constructed 2500 years ago is overwhelming!Although the roof lies on the ground, in pieces, most of the columns that supported it are in place. Increase Your Business with a New Old Method: Vaastu Shastra Whether an established conglomerate or a fledgling company, a business in the red or black, from home or from office - everyone loves a helping hand. If the tooth fairy existed life would be much simpler, but since she hasn't paid us a visit in a long time Vaastu Shastra might be a good alternate. Is Your Money Keeping Up With Inflation? In today's unpredictable global economy, you obviously never know what is going to happen next. Uncertainties and concerns regarding the Iraqi threat, North Korean crisis, and hidden terrorist cells and networks continue to loom in the back of the minds of consumers. Does the Moon Have Covers? Recently, one late winter night, my four-year old son and I counted stars with one another. After a few minutes, he pointed to the bright moon and asked, "Why doesn't the moon have covers?""Covers? What do you mean?" I inquired.
|
| Good Credit Loans | home | site map | School Bus Clothing | Florida Pool Heating |
| © 2006 |