As a business owner venturing into the world of funding there are a number of processes and ‘must-do’s’ that you’ll undoubtedly face along the way. Up there with the most important of these inevitabilities is the pitch deck, and the sooner you master it, the better.
What is a pitch deck?
To put it simply, it’s a short presentation used to provide your potential investors with a brief overview of your business plan. It can be used in a number of situations, whether that’s during face-to-face or online meetings with said investors, or in your initial contact with them via email. However it’s used, the effectiveness of your pitch deck will have a big impact on the success of the opening stages of communication with investors, making it vital that you get it right.
The Core Ingredients
Over the years we’ve seen thousands of businesses come and go, and with each of them a different pitch deck – some good and some not so good; and whilst these companies were by no means short of a great idea or two, in the end it was their ability to pitch these ideas successfully that really held them back. We’ve created this handy cheat sheet that’ll give you the core ingredients needed for your pitch. Whether you’re after a loan, grant, equity or debt finance, following the steps below and tailoring them to your business will ensure you’re giving yourself the best possible shot at securing the finance your great idea deserves!
It is important to remember that pitch decks are often seen at a fleeting glance or skimmed through quickly, so you need to make sure you are concise and present the information in as clear as way as possible. And most importantly, please state what your business is within the first two slides; it is remarkable how many businesses fail to do this!
Here is a list of the core 15 ingredients we’d expect to see addressed in a pitch deck:
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