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Wealth Building Help Article:
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
Related Wealth News and Articles From ezinearticles.com
This article discusses two ways to make money online. It discusses affiliate marketing and product creation.
There is a theory saying that only 5% of people possess 90% of the world wealth. We need to learn how to become that 5% people.
We all battle with exchanging dollars for hours. Either we work a job and give up our free hours during the day, or night, or we employ others who we have to control like hawks, or we put it all in the stock market and lose it! Passive income is the perfect answer, whereby your presence is not required. The lucky few who enjoy passive income neither work, nor worry about tomorrow.
Everyone wants to be financially secure, but finding the road to that security is a completely different story. Although very seldom is it done, real wealth can be created by putting away money from your 9 to 5 job everyday. The truly wealthy people out there have found many different ways to secure their wealth.
This is going to sound like an obvious statement, but in order to create more wealth, you have to bring more money in every single month. It is funny how few people really work at doing this. You see, many people would like to have all of the things that go along with being wealthy. The vacations, the house and the cars, and the comfort that you can have from having a large amount of wealth. Yet, very few people really actually work to bring in more money into their lives each and every month.
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The word 'diversity' is a unique one. It can represent many things, depending upon its context. To work in a diverse workplace is to have all genders and ethnicities represented. In another example, people strive for diversity within their leisure activities, while at the same time seeking consistency (yes, that is strange).
Want to be one of the lucky ones on the road to riches, want to be on the freeway to financial freedom, on your way to wealth?
The Secret Barrier To Wealth - Underearning
Is the ghost of "Money Past" haunting you? Do you feel like no matter what you do to "get ahead" it never works? The problem may not be what you are doing, it may be what you are thinking. Many of us have deep spiritual and psychological patterns around money that can block our efforts at managing our money better and creating prosperity.
Methods Of Raising Instant Cash
The inability to come up with the necessary cash when suddenly presented with a "can't miss" opportunity, is one of the most frustrating experiences anyone ever live through. Yet, there are literally hundreds of ways to raise unlimited amounts of cash in an hour or less! You may not be aware of many of these cash-raising methods we're about to describe for you, but they are all legal and any one of them could be the answer to your money needs the next time you have an opportunity to get in on the ground floor of a sure-fire winner. The important thing is to be aware of the possibilities, and then to position yourself to use them when the need arises.
From tender age, we were exposed to myths about money and myths of being rich. Be it from our parents, brothers, sisters, relatives, or friends. The myths that we have determine our financial well being in our adult lives.