If given a time for presentation, then you have done a good job so
far. The best process begins with preparation. It has to be suitable, efficient
and productive to the end-result. You will fill the gap and prove everything you
have been saying to the investors. It is about sculpting stories from anecdotes
that investor(s) could possibly find as an interesting angle. It is not about creating
a tall tale that might come back to haunt you. For example, don’t promise your
investors 200 million ROI within 10 years! If you have a complicated business, try
to focus on the solution. Proof to the investors that you are passionate about your
business. You must genuinely connect with the audience.
It is a closure of the whole process. One of the greatest challenge
is getting the points through. The best strategy to tackle this challenge is using
maximum 10 slides in PowerPoint. These slides are combination of a problem, solution,
your team, and other information that tells a compelling story. These are cover
(1), opportunity (problem and solution) (2), team (they are actually investing
in you) (3), the product (4), market size with research to support it (5).
The business model that tells how it would make money (6), discuss competition
– describe what makes you better than your competitors – without disrespecting
or back-talking your competitors (7). Market strategy (8), traction – things you
already achieved in life (9). You can use the business’ current success. It strengthens
your credibility – you are not just saying it, you are living it. What your
business needs to circulate for achieving the objectives (10).
Have financial projections, milestones or timeline in your possession
to show when asked. It makes you look good. The next thing to do is to rehearse
until you can do the presentation without reading on the screen. Start the
presentation from an interesting basis. Depending on the situation, use a suitable
strategy to tell your story. After you finish telling your story, ask them if
they have any question. If they didn’t ask any question, then you did a poor
job!
When the ask questions, answer them accurately. If they ask you
something you don’t know, just admit it! You are better off saying, “I will
answer you later” than fabricating an answer. In the end, if they have asked questions,
and you provide satisfactory answers, just ask for the check – politely!
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