How I Use Mind Maps For Perfect Elevator Pitch

How to Use Mind Maps for Perfect Elevator Pitch

Building a perfect pitch is extremely important if you wish to sell your new startup plan to investors. It 's do-or-die situation for your business and future. Mind mapping will help overcome the initial apprehensions and brings the much-needed clarity in the thought process. It is an ideal way to create an impressive presentation.

“It is always harder to raise capital than you think. It always takes longer. So plan for that.” – Richard Harroch, Venture Capitalist and Author

A startup pitch is viciously more difficult than it used to be. Making big bucks with a new startup is the “in” thing at the moment thanks to TV shows featuring investors and thanks to crowd funding websites. Nowadays, you have to present a very high quality and very organized startup pitch to even be considered for investment. Here are the steps you should take.

Create an organized plan

Your plan must include all aspects of a good and organized business plan, such as the product and services, the financial scheme, web design, company overview, the strategy, implementation procedure, management and your market analysis.

“Remember to celebrate milestones as you prepare for the road ahead.” – Nelson Mandela, South African Leader

Add as much detail as possible

You aim should be to add as much information as you can. Not all of the information you produce needs the be shown, some of it can be hidden away in files, but you must create a very detailed and comprehensive plan. You should leave no stone unturned, which is probably why so many people use EduGeekClub to help them get started.

Visualization

A mind map is a perfect tactic to explain the overall business model in a visual manner. The approach ma...

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...see the mixing, the baking, the first layer of icing and so forth. Think of your pitch as a cake, you need a strong narrative that takes the investors from mixing to the finished cake. A conceptual view is great, so long as it gives a systematic view of your subject via a narrative that the investors can understand.

Conclusion

“If you’re going through hell, keep going.” – Winston Churchill, British Prime Minister

It sounds obvious, but the more time you invest into your pitch and your startup plan, the better it will become. There is no element of your plan that cannot be improved. For example, if you have budgeted $400 for stationary, then itemize every item you wish to buy and where you intend to buy it from. Not only will the extra effort help prove your case; it will also highlight problems that may adversely affect your business when it is up and running.