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Your investor proposition is like a 3 legged stool
As I regularly prepare companies for investment readiness I’m asked many times what investors are looking for. This is a tricky question especially in these credit squeeze times. However many significant investment funds were financed before the current crisis and may be in a position to invest if the proposition is right. So what is the [...]
Sometimes you need to think big, then even bigger….
I review many business plans in my high tech business mentoring roles and often I see entrepreneurs believing that if they are prudent, conservative or cautious about their business goals investors will look favourably on their propositions. They believe this caution will reflect positively on them and their business. In many cases the opposite is true. [...]
Technology can sometimes be a bad thing…
Tendency for High Tech entrepreneurs to stress the technology in their products can harm the success in selling the product. In some cases a weaker technical solution can win the day with better marketing. You must assume some types of customer do not understand or even care about the technology. If you are selling to a [...]
Entrepreneurs must separate ownership from management
When you start out in business, as an entrepreneur, you have to perform multiple roles. At the same time you need to be management, director and shareholder. This multi-role, maybe even multi-personality, can become ingrained in a way of working which leads to problems when the company expands and involves others in the operation of [...]
Avoid being a morsel in the food chain
If you are starting a small business with a new product or service which adds in to existing supply chain and you plan to sell it to some pretty large customers in an existing market you should carefully analyse the supply chain. Entering into this pipeline of companies, making up the various suppliers to that [...]
Key messaging brings out the best in you
Key messaging is a technique that can be used to extract the main points of your proposition and enable you to deliver them in a presentation, speech, sales pitch, elevator pitch or marketing tool. Often when people make speech or presentation they often forget to make all of the important points and even waste time on [...]
Preparation prevents demonstrating poor performance
Live demonstrations to customers, or potential investors, is a vital step in any selling process. A lot can go wrong and consequences of failure can have serious repercussions that are hard to overcome. The first rule of demonstrations is rehearse beforehand, check the demo is working, structure your demo script so that you cover the [...]
Storyboarding a Novel approach
In July last year I wrote in this blog about using storyboarding as a technique to build an executive summary. This same storyboarding technique can be used when structuring your marketing messages for a promotional campaign. First you use brainstorming sessions to develop all the main messages you want to convey to your market about your product. Then use this [...]
Don`t talk, breathe instead
When presenting to potential customers or investors it’s important to relax and take time in your speech to breathe. If this is obvious, I’m sorry, but I coach a lot of presenters and many don’t see the significance of breathing. Many inexperienced presenters take no account of how their breathing can affect delivery and breathing [...]
Don`t waste your customers
When prospecting for potential customers, in your chosen market, your efforts could be wasted if you do not follow up rapidly with pertinent information. Let’s say you visit a trade show and work hard at generating some interest from potential customers. What are they going to do next? They may visit your web site for [...]