Becoming a successful business owner takes more than just good luck and a great idea Many great ideas have floundered because they didn’t have the right tools behind them helping them to succeed. At iBOSS, we are looking to help you identify what you need, and what information is most likely to be successful for you. Iboss Launches Tv Show, Pitch Perfect To Introduce Entrepreneurs And Start-ups To Money Sources & Industry Professionals. A recent article “$1.7 Billion Raised: Data Shows Pitch Competitions Are Worthwhile” focused on the benefits and place of business pitch competitions. Contrary to popular belief pitch competitions are a viable alternative method for entrepreneurs to raise capital. With this in mind, here are five points from the article about what investors at pitch competitions are looking for: “1) Creativity (Originality and uniqueness of idea). 2) Potential (Longevity, actualization and profitability of idea). 3) Goodness (How the product or service impacts/improves the world). 4) Functionality (Usability of interface for idea). 5) Team / People (Who is your team, and how will they make you a success).” (Brown) Another article “8 Vital Components of a Winning Entrepreneur’s Pitch” discusses the importance of creating a pitch deck. A pitch deck is a set of brief facts that investors are most interested in about your pitch. The pitch deck allows potential investors an opportunity to see quickly if you have something of potential value to them. Here are the 8 Vital Components of a Winning Entrepreneur’s Pitch from the article... “Big idea: What do you do better than anyone else and what problem do you solve? Company: What is your business revenue model? Market: Who are you selling to and how will you grow market share? Advantage: What advantages do you have over your competitors? Capital: How much have you personally invested and how much are you raising? Team: Who’s running the business and what’s their level of experience?
Exit: What’s your exit strategy—acquisition, sale, going public, etc.? Opportunity: What is the ROI? What’s in it for the investor?” (Brown) Our upcoming iBOSS Pitch Perfect Show is an opportunity for entrepreneurs and start-ups to practice their business pitches before industry professionals. For more information about this show or to register, please click here.