Pitching “The Story”

It seems like there’s some difficulty getting started on a “pitch” so here’s a suggestion.

Rather than suggest another “template”, think about your pitch as “telling your story”.  Every business is unique – at least in some aspect – so there’s no “one-size-fits-all” template that is the best vehicle for telling your story.  However, the story should answer all or most of the following questions:

-          What’s the idea?

-          Does it solve a problem, or create an opportunity? (BTW, to a great extent an opportunity can always be expressed as the inverse of a problem J ).

-          Who has that problem?
Can you describe a typical customer?  Organization?

-          How many people/organizations have that problem?

-          What is your solution? Can you make money from it?

-          Would they be willing to pay to have the problem fixed?

-          How much would they pay? (If the answer is $0, then where will your revenue come from?)

-          Is there anyone else offering a solution to their problem? Who? How many are buying it? What’s the price?

-          Why would they use/buy your solution instead of one of these others?

-          How are you going to identify and reach these customers?

-          How are you going to convince them to use your solution rather than someone else’s?

-          How many will you sell, and how much revenue will you generate?

-          Finally, why is this team going to be able to achieve all of the above?

I like to think of pitches as a story that answers these questions.  The order is somewhat important, but only as an aid to the telling, and the uniqueness of every business will result is a uniqueness of the order.

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