What Aspiring Entrepreneurs can Learn from Under 30 Summit
Every panelist on the Under 30 Summit stage was once an aspiring entrepreneur, which is why they can teach all those aspiring business leaders how to become successful. These young gamechangers come from various fields, and are considered the best in the business.
Develop Ideas Everyone sitting on the panel at the Under 30 Summit had an idea that led them to success. The panelists will teach aspiring entrepreneurs the art of developing great ideas. The panel also informs the audience that good ideas are common, which is why the future business leaders will need to thoroughly search similar ideas, and make their idea more appealing. The idea must be marketable and offer something different, in comparison to its competitors. Often times, a good idea will spark an even better idea.
Learning how to Pitch Ideas After developing an idea, the biggest challenge entrepreneurs will face is pitching that idea to an investor. During the Under 30 Summit, aspiring entrepreneurs learn the basics of good pitching, and what to avoid. These successful businessmen and women on the panel stress the need to have a flawless pitch, free of mistakes; especially those mistakes that scream amateur. The panelists advise the future business leaders that having a good business plan in place is not enough; the presentation has to not only be effective, but it must be interesting enough to motivate the investors to fund the idea or business. Some tips that aspiring entrepreneurs may receive are: • Be sure to tell a story that is interesting • Only use formats that flow smoothly • Time the presentation
Collaboration In order to become true “game changers” the Under 30 Summit panel stresses the importance of collaborations. When young entrepreneurs come together, from various fields and industries, they can advance their companies by creating exceptional products and services. Collaboration allows aspiring entrepreneurs to establish this at a faster rate. Create Partnerships Aspiring entrepreneurs who learn about collaborations will also learn to take it a step further by building partnerships. Aspiring businesswomen and men need to build on the relationships that they have decided are right for them. Great business partnerships will thrive when the partners work together, equally. There should be a mutual respect between the partners, as well as a solid relationship built on trust. This could lead to: • Sharing a vision with someone who has the same drive and passion • Having a trustworthy person to delegate tasks to • Sharing the costs
• Increase the bottom line – profits
The Under 30 Summit is designed to showcase the top business leaders under the age of 30. Aspiring entrepreneurs have the ability to hear the stories, and learn how they too can become a successful business leader. An audience member could potentially have some one-on-one time with these successful panelists, which is where they can get more, personal feedback. Sometimes just being in the presence of a successful person is enough to motivate an aspiring entrepreneur. Roman Temkin is a successful entrepreneur from NYC.