3 Avoidable Mistakes that Can Blow Your Pitch

The team at ProStrategix has attended countless pitches, and we've found that the 3 most avoidable mistakes that can blow your pitch

The team at ProStrategix has attended countless pitches, and we've found that the 3 most avoidable mistakes that can blow your pitch are outlined below.

Having an elevator pitch that is more than 5-10 seconds

Investors are busy.  They hear thousands of pitches every day.  If you can't catch their attention in the first 5 seconds, your chances of being heard drop dramatically.  If you can't communicate the essence of your idea in less than 10-15, you're sunk.  This is the most avoidable mistake that can blow your pitch.

Having a pitch deck with more than 10 slides

As above, investors value their time, and you have to prove that you're worth it.  If they are not leaning in after the first 2 slides, you've likely lost them.  If you take more than 15 minutes to get your idea across, say thank you and leave.  Remember this simple fact: The person who does the most talking is losing.  Doing the most talking is an avoidable mistake that can blow your pitch.

Failing to have a complete business plan ready

It all goes back to valuing the investor's time.  He or she doesn't want to have to work to make sure you have your ducks in a row.  Failure to produce a plan when asked means you've just wasted your pitch.  Time is money to you as well, so any lost pitch is money thrown out the window. This is easiest mistake to avoid so you don't blow your pitch.

Fortunately, there are people who have been here before and can help.  The key is figuring out whom you can trust.  At ProStrategix, we offer fundraising advice and guidance for those seeking to raise capital.  For other tips, you can check out Techstars Entrepreneur's Toolkit. If you are looking for more hands-on assistance, ProStrategix can help.  

Founder Headshot

About the Author

Brian Cairns, CEO of Prostrategix Consulting. Over 25 years of business experience as a corporate executive, entrepreneur, and small business owner. For more information, please visit my LinkedIn profile

Join the 1000's who receive our weekly Small Business Tips
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Recent Blog Posts
Small Business Ratios: The Terms to Know
A sample of three of the major Small Business financial terms to know: cash flow, liquidity, and "quick or current ratios" that help in the short-term.
Small Business Banking in 2020: The 3 Things to Know
The look of banking in 2020 has changed. See how building a relationship with a banker or banking expert is even more important than ever considering a new normal.
Top 3 Small Business Financial Ratios COVID Made Critical
Financial ratios for small business is not a sexy topic. But, if there was a way to know if your business was on fire, would you want to know?
Get Where You Want to Be.
Today is the day to build the business of your dreams. Share your challenges with us — and we'll help you make them go away.
Start Now

ProStrategix Advisors Copyright 2020 © All rights Reserved.