At some point in time, many businesses have to consider fundraising for their operations, and this poses a lot of challenges. According to a report by TechCrunch, raising funds for an average series seed requires contact with 58 investors, scheduling meetings with 48 out of the total investors, and constantly communicating with them for more than 12 weeks to secure funding. And one of the ways to secure funding is by being smart about your pitch deck.
Having the ideal pitch deck is both an art and a science, which means having a great understanding of it can either help make or break your company’s activities. When a business has ideas, if the leaders and the owner cannot properly prepare and plan their pitch deck, they may find it extremely challenging to realize their goals. In fact, experts have recognized the detection of opportunities, planning toward them, and taking action on these chances as a hallmark of excellent entrepreneurship. Since you need to win when fundraising consistently, we’ll discuss some tips that can help your preparation become fruitful.
Describing the Art and Science of Pitch Decking
You can’t just venture into pitch decking without first understanding what it is all about and how it can help your company win over investors. Pitch decking in business is a type of presentation in which owners provide simple and detailed information about their company to potential investors including angel investors or capitalists. It’s a visualized document that gives investors a thorough idea about your company’s strategies, market products, fundraising demands, and essential indicators like target market and financial aspirations.
For business owners aiming to win investors, the goal of their pitch deck is to develop interest and enthusiasm from investors, which in turn leads to a meeting and, ultimately, a room for investment discussion. Most of the time, a great pitch deck is always simple, has visual slides that are appealing and attractive to investors, and they are prepared using a software application. Pitch decks do house the critical points of a business, and they include problems that you’re trying to resolve, products and services being offered to the market, projects that need fundraising, and other significant demands.
Tips for Creating a Great Pitch Deck That Can Win Over Investors
We can’t deny the fact that we’re in a world where a lot of businesses and industries exist, and to become successful, extra efforts need to be put in. That’s why, to raise funds that can sustain a business, you need to have a great pitch deck at your disposal. This can help you easily convince investors to invest in your business.
That being said, let’s take a look at some of the tips that you can apply to create an investor-winning pitch deck.
1. Begin With a Compelling Story
A successful pitch deck starts with a thrilling story that grabs the attention of the investors from the beginning. Ensure you can present a story to investors that can capture their business and allow them the foresight to see the capacities of your company. Include your product-solving and vision driving the organization in the story.
2. Keep the Presentation Short and Focused
Investors are very busy people, so presenting a bulky deck can put them off. Ensure your visualized slides are short, brief and straight to the point. Also, ensure that each of the documents you present to them possesses a consistent l message by using bullet points to convey them.
3. Acknowledge Competition and Product Differentiation
Since you are in an industry with plenty of competitors, it’s vital to acknowledge rivals during a pitch deck. You should display your special advantages, whether customer experiences or pricing factors. That’s because investors need to know why customers will patronize your business and the plans you’ve put in place to be at the forefront of the industry.
4. Research About Your Audience
You wouldn’t want to be in a situation where your pitch deck is causing a lot of commotion among investors on the ground. That’s why you should carry out adequate research on your audience. Doing this helps you to lay emphasis on the part of your company that is in line with their investment conditions.
Summary
Effectively mastering the pitch deck is a vital skill that business owners should possess to raise funds for their organizations. You should always keep in mind that crafting an excellent pitch deck isn’t all about presenting facts and figures, but outlining the importance of your business prospects and the passion shown by the team. Some tips that can help you create a pitch deck worthy of winning investors include beginning with a compelling story, keeping the presentation short and focused, and researching your audience.
