During your
tenure as the CEO, you will give presentations extensively. Presentations are given to potential
partners, funding sources, investors, conferences, and most anyone that will
listen. The objective is always to
increase value. You may even have
different presentations depending on the listener group and the lengths will
vary depending on time requirements. At
some point, public speaking becomes easier and the clarity of your style will
improve because of so much practice.
When
presenting for business purposes you will likely continue to improve the
presentation based on responses and feedback from listeners of prior
presentations. This is rather common and
it does help improve the style and clarity.
You will learn to match the time commitments of your listeners and to
skip pieces as needed to adjust for changes in scheduling. Again, this is all great, but there is one
thing that can happen over time that you will not notice until you get far
enough along in the process. No one is
investing and you are not getting business partnerships. OUCH!
Sometimes
the presentation can be fantastic, but the listeners see through to the
content. Your pitches likely cover all the
key topics: technology, management, development,
and making money. What the listener is
seeing is your data and their gut interpretation. Perhaps the company it is too early, not in
the right space, there is too much risk, the management is not attractive, the listener
has no interest in the product area, and other turnoffs. These are not your fault and most likely
changing the presentation will not change the outcomes.
One thing
that may help is to make an effort to qualify the audience a bit before going
to the meeting. Make sure those
financial investors are interested in your space and have money. You will be amazed how many will listen but
have no funds to invest, or limit their investments to 4 in 1000 or something
like that. You may decide to present,
but at least you can set your expectations prior to the meeting. This can be the same for partnerships. Companies are always meeting with multiple
potential new partners. They are seeking the latest and greatest technology
that also fits with their projected pipeline.
Try to determine if your NewCo is a fit and what stage of development the
companies will consider a partnership.
The key is
to set your expectations properly and to understand the real needs of your
audience. You may even adjust your
slides to help fit the group dynamics in order to help them see the fit. You are selling the business prospects and
the management team in your pitch. As
you develop the company, the slides will reflect a greater more substantial
data set documenting the company’s development.
In time, this will carry weight in helping get a positive decision from
the other side. However, simply changing
the slides may not be enough to capture that investment or deal. It may be the repeated interactions help the other
side recognize you are real and the data is spectacular.
In short, keep
improving your business and do not give up.
Your pitch to capture partners or financing may take multiple attempts
with substantial business progress over time to attract interest. Maybe it will take a demonstration or a proof
of concept study. Data and progress goes
a long way to attractiveness to others.
You
can follow Taffy Williams on Twitter by @twilli2861 and you can email him with questions
at twilli2861@aol.com and his company website , photo website, or like
ColonialTDC on Facebook. You can also find him in the group
Startup Group on
Linkedin. Other articles can be found in the Charlotte,
NC- small business section of Examiner.com. This blog is now
listed on StartUpRoar and on Alltop®.

No comments:
Post a Comment