Personal Research Assignment, Pitch you Business

Before you can develop a business plan you must develop a vision statement that allows you look into the future to answer this question: “What might we become someday if our organization were the best possible version of itself?” A vision statement outlines the venture’s broader purpose what the entrepreneur sees the venture growing into in the future. After reviewing the section on writing a vision statement you may want to review this article, A Guide to Writing the Perfect Vision Statement (with Examples) (Links to an external site.)

1. a vision statement for your business venture. This should be a work in progress and can be perfected with time.

An entrepreneurial mission is a business organization’s reason for being. It is expressed as a self-conceptualization in the context of a marketplace and includes a sense of action. In considering a venture’s mission, relevant questions are: Who are we? What do we make or do? Why do we exist as an enterprise in the first place? After reviewing the section on writing a mission statement you may benefit from reading this article, How to write a powerful mission statement that resonates (Links to an external site.)

2. a mission statement for your business venture. This should be a work in progress and can be perfected with time.

Part of the idea of an elevator pitch is that you never know when opportunity will strike: when might you have thirty seconds on an elevator with someone interested in supporting your business idea? That’s why thinking through the pitch—including practicing it and getting feedback—can be so valuable.

3. Develop and record a 30-second elevator pitch

Pitch presentations should be visual and engaging. They should be easy to edit and rearrange, and should engage viewers with art, panache, and reasonable appeals. In general, they communicate the inspiration behind the innovation, its future capabilities, and the strengths of the team. Incorporate as many visuals as you need and make sure the visuals match the script.

Review the PowerPoint presentation, How to pitch your Business download

4. Outline a 7-minute business pitch your pitch deck should use no more than 8 Powerpoint slides.

Adding to your Business Plan

Your Vision and Mission statement will be included in your professional Business Plan in Section 1, Business Description. It’s very difficult to write a vision, mission statement, or a 30-second elevator pitch unless you fully understand your business and can articulate what you do, why you do it, what problems you are addressing and who will benefit. Once you have a clear vision of your business venture you are ready to begin your business plan.