How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin
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4 Ways to Make a Better First Impression with Investors
We specialize in working with experienced founders so the majority of pitches I hear tend to be from entrepreneurs that have every right to be confident in their background. They may have run companies before, have years of industry experience, been an early employee, or just graduated from Wharton with their MBA. So you’d think I’m jumping into the lion’s den here when it comes to working with founders with big egos but truthfully, I’ve found little correlation between a founder’s background and their level of arrogance.
Unfortunately, that means this problem is pretty pervasive throughout the entrepreneurial community and it’s an important point to address because an entrepreneur’s job is primarily dealing with people and an investors job is primarily to invest in people. The impression an entrepreneur makes during a pitch can have a tremendous impact on their ability to raise funding. If even one prospective investor walks away saying “what was with that a-hole!?” that’s a needlessly missed opportunity! It had nothing to do with how lucrative your business was and everything to do with how you presented yourself. It’s an easily avoidable mistake and it all comes down to establishing empathy.
This takes a lot of self-reflection to get right. Try to take a third party perspective in how previous pitches have gone. For most experienced founders, when the conversation goes South it’s not because there is a fundamental flaw in your business (though that can be a catalyst) it’s because of how the entrepreneur handled an investor’s response. To avoid your conversation taking a turn for the worse and to make sure an investor feels confident in you as a founder, here are 4 tips I regularly use when coaching entrepreneurs on their pitch.
When investors make their decisions, a huge part of that decision comes down to the founding team. An entrepreneur that doesn’t communicate well will create problems that go beyond their ability to pitch including aspects such as your ability to recruit top talent and generate sales. You do not want to the first thing that comes to mind for a prospective investor to be that the founder is hard headed and uncoachable. It’s a huge redherring that completely distracts someone about whether you are actually presenting a lucrative opportunity. I have never known a person to invest in a founder that they had a combative exchange with during a pitch presentation.
Your demeanor when approaching an investor is a tough thing to master. You need to be both confident and coachable, very well researched and transparent. It can seem like a fine line when you think about it that way but if you follow those four tips you’ll master walking the tightrope sooner than you think.
4 Ways to Make a Better First Impression with Investors
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A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH?
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