Life’s a Pitch

Humans are innate storytellers. We use stories to relay understanding. Whether it’s a caffeinated conversation, a business networking event, dinner with friends, or on-stage in front of others, entrepreneurs must be able to translate the story of their business to anyone.

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Pitches are built to impress. Presentations are meant to share. One size does not fit all. Consider the environment, audience, and format to cater how your story is told. Preparation that includes thoughtful awareness will optimize engagement.

Startup founders and small business owners should be able to pitch in any situation, on the spot, and without props. There are many templates that highlight key areas to include within a pitch, but the overall objective is to deliver a lasting impact in the least amount of time. Honest enthusiasm, transparent vulnerability, and concise simplicity are great ways to accomplish this. To prepare for any audience, it’s wise to craft a few different versions of your story. Here’s a collection to consider:

1 sentence – Sharp conversation starter.
42 seconds – Ideal for concise intros in a group setting.
6 minutes – Time to deliver enough detail needed to support valuable Q&A.
10 minutes – Room for more details, but be careful not to numb the audience.
1 hour – A talk meant to deliver value, with details of your business included.

Slide Deck Design

When a slide deck is part of the equation, take full advantage of this opportunity. Building a slide deck establishes the cadence of your performance. Slide decks should create flow while supporting your verbal presentation with clear and impactful visuals. Slides should not include full sentences or too many bullet points for you to read aloud. Titles or short phrases may help guide the audience, but great slide decks use very few words. When it comes to slide deck design, keep transitions between each slide simple, but consider how content comes and goes on each slide. Subtle animations and thoughtful hints of movement will help you stand out without being too distracting.

With a remarkable slide deck in place, practice your presentation and sync it to the timing of each slide. Whether you use animated content or not, it’s best to have a single click to move between each slide. On stage, your attention should be on connecting with the audience, not the slide deck or the clicker.

If questions are allowed after your speak, consider including supportive back slides. Back slides are placed after the final slide. They are used to highlight material not included in the main presentation. Handy back slides include detailed pricing, competitive analysis, marketing strategies, research data, and intricate financial information. People who understand what they’re talking about can use fewer words, and back slides allow you to deliver a strategically simplified presentation. For the audience, this reduces the numbing effect of information overload. With back slides ready, you can indulge in clarifying conciseness. This makes for a more impactful tone. It can even be good to purposefully leave out a curious topic from the main presentation. When the inevitable question pops, you can use the sneaky back slide to share a more focused response. Memorize the order of your back slides and you’ll soon be leading a more authoritative exchange. In short, back slides prove you’re a pro.

To complete your slide deck preparation, export everything into one PDF and create a JPG file for each slide. The richest presentation will always come directly from the software (I prefer Keynote) a slide deck was built from. The PDF and JPG formats can be used as shareable marketing materials. More important, they are quick substitutes to counter any sort of last minute technical issues. Deliver the digital assets on time and organizing everything on a flash drive, just in case.

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Business pitch competitions and grant programs are a good way to financially supplement your business without diluting the equity structure. For example, when we were first building FliteBrite, we won a $10K pitch competition and earned a $25K grant from the Iowa Economic Development Authority.

Being prepared is obviously important when all eyes are on you. Memorize the order of your slides, but not what you plan to say. Memorizing a pitch word-for-word is safe for some, but a more genuine tone comes from the heart. We’ve all seen people lose their place in a memorized script or fumble through notecards. Avoid this embarrassment by practicing what you plan to say out loud. The mirror at home is a fine place to start, but nothing compares to a live audience. The sentiment of your pitch should remain consistent, but it won’t sound the same each time. As you tell your story, feedback from people you don’t know will sharpen the business and help you continuously evolve your transmission.

By Ben McDougal, ago

Pain Relievers vs. Vitamins

In agony, we reach for pain relievers made to kill the torment. When everything feels normal, we may pop vitamins to support a healthy lifestyle, but missing a day is not a problem. For every vitamin, the medicine cabinet has just as many intentions collecting dust.

As we study a team/product/service, is true pain for real customers being relieved, or it a nice-to-have idea that may (or may not) provide unquestioned value?

When people like the idea but hesitate to buy, you have a vitamin. If you always have to explain why someone needs it, you have a vitamin. If it’s unclear what you have, you have a vitamin. Pain killers are easy to spot. They sell as fast as supply can keep up with demand.

Ongoing customer discovery keeps a pulse on demand and helps us build with product-market fit. As we ease true pain, stories that sell (marketing) should highlight the results that target customers desire without question. Forget the jargon, impressive features, and pretending to be passionate. Lean into the pain.

By Ben McDougal, ago

Super Sentence

Football is a battle between modern gladiators. Did you know there are only 11 minutes of live action in an average game? Even with such a small window of actual gameplay, think about the endless pregame analysis, commentary, predictions, production, and post-game highlights.

Each week, this machine churns attention, but the Super Bowl takes it to another level. With two weeks leading up to game day and another week for post-game highlights, the Super Bowl lasts three weeks. That’s up to 30,240 minutes of potential attention the National Football League can earn from each consumer. With those 11 minutes of live action representing only 0.04% of this three-week long spectacle, clearly the Super Bowl is about more than the game. It’s also about the host city coming to life, a stadium full of fans, the TV commercials, the halftime show, the food, and everyone sharing the spectacle together.

This is not by accident. The NFL understands their audience. They’ve achieved product-market fit, and since 1920, they’ve built around what they do best. This entertainment behemoth does American football really well, but $15 billion in annual revenue doesn’t come from 150 snaps per game. It comes from being outstanding at one thing, while not getting complacent. This strengthens an existing fan base while allowing experimentation to guide strategic initiatives to further increase the audience.

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If your company was given a free Super Bowl commercial, who would be your target audience? What story would you tell? What action would you want viewers to take, and would you be ready to convert attention into trust when they took that action?

The NFL makes product-market fit look easy, but building something that satisfies true demand is harder than it sounds. Avoid getting sacked by admitting that your idea isn’t special and the future of your business relies on your ability to consistently execute. Trust that early success relies on clarifying your value proposition and evolving your business based on continued customer discovery and your ability to collaborate with those around you. This takes finesse, thick skin and a peculiar combination of urgency mixed with patience. As you secure more paying customers, you may be given a chance to broaden the impact.

Can you describe what you do in one super sentence? Now, what’s another concise sentence to highlight your current quest? Let’s have a sequenced follow up. Finally, articulate how this work feels like play, celebrate members of the team, or highlight other fundamental elements of the business.

When these super sentences come together, you’ll have a playbook to better understand the realities of your work and how to earn first downs in the market. Over time, with an advancing playbook, small wins lead to larger victories on and off the field.

By Ben McDougal, ago