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How do you value ideas? Is it really immeasurable? Why is it that a relatively ‘worse’ idea end up transforming into billion dollar businesses, whereas startups that are backed with huge pre-seed investments often sink within the first year?
These trillion-dollar answers lie within the process of execution. If someone figured out a formula to guarantee seamless execution of every single viable business idea – it would indeed be worth more than trillions of dollars.
The first step towards this holy grail of execution comes in the form of a properly refined business idea – and the only thing that communicates such ideas to investors is the entrepreneur’s pitch. With more and more businesses competing for funding, pitching to perfection is becoming increasingly imperative for any entrepreneur.
This is where the Pitch Perfect comes in – a platform that equips you with all the resources you need, starting from presentation templates for your deck, articles to improve your speaking, videos to use as reference points and case studies to learn from the secrets of successful entrepreneurs. At the end of the day, it is the story and profitability figures that you want to get across – but how you do it can make or break the end-results.
Once you know why, what and how you are going to go about your pitch, start practicing with friends and family. Take 5 minute breaks here and there, and ask for feedback for both content and delivery. It is often true that quality is just the byproduct of quantity – if you increase the number of times you do it, you simultaneously increase the probability of success.
Another great way is to go and attend competitions. These are places where you can evaluate strengths and weaknesses of other people, grow your network by meeting fellow competitors and get expert feedback. The Pitch Perfect is also arranging such a competition, where the winner will win BDT 50,000 as prize money along with access to investors, instant recognition and PR exposure. The last date for application is on 10th of August.
Last date to apply is the 10th of August | www.thepitchperfect.com/apply
Truth is, ideas are a dime a dozen nowadays, augmented by the startup buzz in Dhaka. Nevertheless, only those who communicate their ideas and execute them will emerge as winners. Do you have what it takes?
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