YOUR TASK Present a pitch presenting your business proposal to potential investors. Ensure that this includes the following: 1. what the product or service is; 2. how much it would cost; 3. who would be likely to buy this (the target audience); 4. the location of the product or service or how it would be delivered; 5. the amount of investment needed and the percentage of the business you would offer in return; 6. what you would spend the investment on and why./n www.kerboodle.com/api/courses/80102/interactives/39641... A ⭑ k 3 10 Assessment: Making Your Pitch Two successful business partners have decided to help set up a new business. They have asked for ideas to be presented to them. They will choose the most compelling proposition. Your task is to present your pitch to them with the aim of winning their financial backing and expertise. You will need to: ' deliver your pitch with confidence and enthusiasm back up what you say with a demonstration or visuals answer questions from the investors. Note that you are being tested on your spoken English skills, rather than your writing skills in this assessment. Sources Jill O Search F3 F4 F5 £ $ O ASUS VivoBook 16 F6 F7 & F8 es/80102/interactives/39641... ch Unit 5: Young Entrepreneurs Activities continued Now it's your turn. Follow the steps below to prepare the pitch for your business. 1 Planning First, gather your ideas together. They don't have to be in any particular order at this stage and you can record them in a way that is most effective for you, e.g. as a list, a mind map or on sticky notes on a board. Think about: • • . what the product or service is how much the product or service would cost who would be likely to buy the product or service (target market or customer) a visual illustration or image for the product, or a demonstration the location of the product or service, or how it will be delivered the amount of investment needed and the percentage of the business you would offer in return what you would spend the investment on and why ⚫ persuasive devices and techniques ⚫anything else that would persuade the investors. Then order your ideas into groups and decide on a logical sequence that will form the basic structure of your pitch. 2 Drafting Write out your pitch. Keep re-reading it and making improvements. If you can't decide on suitable wording, leave a gap and revisit it. Keep reciting it aloud, making sure it feels logical and fluent. Note in your written pitch where you will demonstrate or display something, so that you know what order to do things in. Tet IDEA Team Succenting 128 (+) Target O G BB PDF /api/courses/80102/interactives/39641... A G 9: Preparing the Pitch 3 Rehearsing When you are happy with your pitch, do a full rehearsal of it in front of a partner. Give each other constructive feedback, commenting on areas that were done well and areas that need improvement. Make sure that you give each other feedback and continue to practise, change and improve your pitches. Check that you: show confidence and enthusiasm when you speak explain your product clearly emphasize your product's USP show that the investor's money will be spent wisely use visuals or demonstrations effectively remember what you learned earlier in the unit about the way that you stand, your gestures and expressions speak clearly and not too fast. Decide which words you want to emphasize and where to pause for effect. Use the tone and volume of your voice carefully. 4 Preparing notes Taking on board your partner's comments, revise your pitch, making it as concise and effective as possible. Make short note cards that you can use during your pitch to remind you of what you want to say. You should not read out your pitch, but look directly at your audience as you speak, only glancing down occasionally at your notes. Extra Time Watch a successful pitch from a show such as The Apprentice. Note what you think made it successful and try to incorporate some of these aspects into your own pitch. Plan (A+B+C+D 1+42+3 1 + 3/2 10/ 20% Z ㅈㅈ KA O M + O Search ASUS VivoBook O CO F5 F6 FZ F8 5 6 7 8 T FO A F10 F11 IA

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