How to Make a Fundraising Presentation?

The flow of the presentation is vital for striking a chord with investors.

The fundraising presentation is one of the primary documents essential to any early-stage company fundraising process. The time spent with potential investors becomes most effective if you have an impactful fundraising presentation.

The flow of the presentation is vital for striking a chord with investors and displaying the narrative of the business. Going through a successful pitch deck slide by slide is one of the most effective ways to learn how to build a flow.

There is no single formula for a pitch deck. Otherwise, startup founders wouldn’t spend so much time banging their heads against walls trying to get them just right. However, we have listed some ideas that you can apply immediately so that your next investor presentation leaves you – and your investor – smiling and happy.

Know your audience

Knowing your audience is key to good communication. At a startup, you will pitch to multiple audiences: customers, partners, recruits, and investors. Although you may be able to reuse some content between these audiences, you’ll need to make sure you devote time to a slide deck that focuses on the investor perspective.

Ask yourself:

Who exactly is my potential investor – and what do they want?

What do I want to achieve – how will I sell our investment opportunity?

How can I hook people – by grabbing their attention early on?

What is my takeaway message – the one that I want them to remember afterward?

Define and refine your investment story

The way you frame your investment story influences how an investor sees you. Most successful fundraisers craft a compelling story around their strategy and tell it passionately. According to Forbes, the perfect selling story involves being relatable, detailing a conflict, presenting the resolution, and demonstrating results. The investors need to understand why your opportunity is special and what makes it stand out from others.

Structure your presentation like a story

The best fundraising presentations are ones where you take the investors on a journey. A simple structure – with a clear beginning, middle and end – demonstrates the command of your own story. It also helps investors quickly grasp what you do.

But remember, all you’re trying to do with the pitch deck is get their “greed glands” flowing. If you do that, there will be plenty of opportunities to give them more details. If you overwhelm them with too much detail at this point, they may miss the big picture.

Make sure you are ready

The best way to communicate your business to investors is to know your business!

Investors get frustrated by presenters who avoid, second-guess or provide scrambled answers to questions. Remember that it is their job to ask questions and be critical. We recommend that you prepare for the Q&A session as much as you do for the fundraising presentation itself. Prepare your answers and rehearse delivering them confidently together as a team – the last thing you want is your team being surprised by each other’s answers. 

Fundraising Donations Charity Foundation Support Concept

Make a good impression

Impressions are everything – investors’ perception of your team when you are with them is what matters.

Apart from preparing the presentation, you should also prepare yourself and the team. Remember that nonverbal communication can be just as important as what is said.

So, do extensive rehearsals on camera with the team so they are investor-ready. During the presentation, pay attention to what you do when your colleagues speak.

Look engaged and interested – show that you are as interested in your investors as you want them to be in you.

What Do Investors Look For In Startups?

Investors essentially buy a piece of the company with their investment. Here are some qualities investors look for in a startup that acts as deciding factors for funding.

  1. Objective and Problem Solving: The offering of any startup should be differentiated to solve a unique customer problem or meet specific customer needs. Ideas or products that are patented show high growth potential for investors.
  2. Management & Team: The passion, experience, and skills of the founders and the management team to drive the company forward are equally crucial deciding factors for investors.
  3. Market Landscape: Mention the market size, obtainable market share, product adoption rate, historical and forecasted market growth rates, and macroeconomic drivers for the market you plan to target in the funding proposal.
  4. Scalability & Sustainability: Startups should showcase the potential to scale shortly, along with a sustainable and stable business plan. They should also consider barriers to entry, imitation costs, growth rate, and expansion plans.
  5. Customers & Suppliers: In the funding proposal, state a clear identification of your buyers and suppliers. Consider customer relationships, stickiness to your product, vendor terms, and existing vendors.
  6. Competitive Analysis: Highlight the true picture of competition and other players in the market working on similar things in the proposal. There can never be an apple-to-apple comparison but highlighting the service or product offerings of similar players in the industry is important.
  7. Sales & Marketing: No matter how good your product or service may be, if it does not find any end-use, it is no good. Consider things like a sales forecast, targeted audiences, product mix, conversion and retention ratio, etc.
  8. Financial Assessment: A detailed financial business model that showcases cash inflows over the years, investments required key milestones, break-even points, and growth rates. Assumptions used at this stage should be reasonable and mentioned in the proposal.
  9. Exit Avenues: A startup showcasing potential future acquirers or alliance partners becomes a valuable decision parameter for the investor. Initial public offerings, acquisitions, and subsequent rounds of funding are all examples of exit options.

How to Conduct a Market Survey?

Whether you are starting a new product and want to estimate demand or changing an existing product and want to find out acceptance in the market for this product, a market survey is the best way forward.

You may have a great idea for a product or service, but before you go any further, first make sure there’s a market for it.

Quite simply, you must conduct a market survey.

Market surveys collect data about a target market such as pricing trends, customer requirements, competitor analysis, and other details.

Most marketing managers depend on market surveys to collect information that would catalyze the market research process. Also, the feedback received from these surveys can be contributory to product marketing and feature enhancement.

In this article, we explore the concept of a market survey and enlist the steps you need to take to conduct a market survey for your product/business.

Whether you are starting a new product and want to estimate demand or changing an existing product and want to find out acceptance in the market for this product, a market survey is the best way forward.
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Conducting Market Research: A Guide

Today, we live in a consumer-driven world, and businesses face cut-throat competition to survive and succeed in the market.

A company cannot succeed without understanding the consumer’s needs and behavior, so it relies on intensive backend market research. Market research not only tells a company what to produce, but it also tells how to present the product to the consumer. Work doesn’t end here. Once the product is out in the market, market research is conducted to gather information about customer feedback so that the company can make necessary changes to increase its reach.

If you’re new to market research, this guide will provide a blueprint for conducting a thorough study of your market, target audience, competition, and more.

A company cannot succeed without understanding the consumer’s needs and behavior, so it relies on intensive backend market research
Continue reading “Conducting Market Research: A Guide”

Ways To Get Funding For a Business Idea

Lack of funding is attributed to be one of the common reasons behind failed businesses. 

You just came up with a great new business idea – great! But is a great idea enough for a successful business?

If that’s what you believe in, it’s time for a reality check, my friend.

Coming up with a great idea is the first step to becoming a successful entrepreneur. Now you need to work on turning that idea into a reality by funding it, taking it to market, and letting your business change the world. According to a recent study, over 94% of new businesses fail during the first year of operation. Lack of funding is attributed to be one of the common reasons because money is the bloodline of any business.

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Top 5 Government Schemes For Funding Startups in India

The Indian government has launched the following schemes to promote and support entrepreneurs in their startup journey.

Introduction

For entrepreneurs, the easy availability of capital is an important factor that affects the enterprise’s growth. Many business ideas do not come into existence because of a lack of working capital. To curb this situation, the Government of India has launched several schemes for funding startups. Through these schemes, the government provides financial assistance to entrepreneurs.

About Startup Funding

Funding refers to the money required to start and run a business. It is a financial investment in a company for product development, manufacturing, expansion, sales and marketing, office spaces, and inventory. Instead of raising funds from third parties, some startup founders go for bootstrapping (to prevent debts and equity dilution). However, most startups raise funding, especially as they grow larger and scale their operations. A startup here means a company built to grow fast, and a high-growth company almost always needs to burn capital to sustain its growth before achieving profitability.

India is gradually on its mission to build a robust startup ecosystem by launching government schemes for funding Startups.
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How do you take a business idea to market?

The process of conceiving an idea to seeing your product on the shelf can be very long and most inventions take years to come to fruition.

Introduction:

Everything begins as an idea. However, when it comes to turning a business idea into a marketable service or product, many entrepreneurs struggle with where to start. Maybe you’re struggling with how to sell your product or service, or you’re afraid someone will steal your idea. Wherever your challenge lies, the magic is in the execution. You must be prepared to invest time and money and factor in some determination to turn your vision into reality.

This article explores the concept of a business idea and streamlines the process of turning an idea into reality.

Proven methods and easy to start business ideas to make a successful business.

What is an Idea?

An idea is a thought or collection of thoughts generated in the mind. Ideas often form during brainstorming sessions or through discussions. Although all world-changing events and great success stories can be traced back to a single idea, don’t fall into the belief that having a great idea is all you need. If you have a great idea, you’ve only completed the first step of becoming a successful entrepreneur. Now you need to work on turning that idea into a reality by taking it to market and letting your business change the world.

Continue reading “How do you take a business idea to market?”

How to take an invention idea to market?

Without a viable plan to develop your innovative ideas into marketable items, you will never be able to profit from them.

It’s not about ideas. It’s about making ideas happen. – Scott Belsky, Behance Co-founder

You might have a wonderful concept in your mind for a new invention that you believe many people would be eager to buy. However, without a viable plan to develop your innovative ideas into marketable items, you will never be able to profit from them.

An idea is an unverified thought that originates from your imagination; it’s a lightning moment that helps you solve a persistent problem that’s been bothering you for a long time. Innovation is an expansion of a matured concept. To become an innovation, an idea must take the route of least resistance. You must do market research, product development, and cost estimates, and if all goes well, obtain a patent.

Timing is everything in the field of invention. If you wait too long, someone else will seize on a similar concept and take your market share. On the other hand, if your invention is the first of its type, the market may not be ready, and you will have an uphill battle to carve out a niche for your product. Another significant problem is making the general public aware of your product. Your concept may be fantastic, but without a marketing strategy, no one will ever learn about it. While problems are many, a successful entrepreneur focuses on solutions.

In this article, we will discuss how to take an invention idea to market.

Step 1: Document it

The first stage in commercializing your innovative ideas is to obtain ownership rights. You will not earn from your idea merely by imagining it; you must have evidence proving that you were the first to think of a possible product.

As a result, record all you can regarding the concept, design, and marketability of the product in an inventor’s journal. A court-worthy inventor’s journal can be any bound notebook with consecutively numbered pages that cannot be removed or reinserted.

Step 2: Check for patent

Before putting too much effort and money into a new product, make sure it doesn’t already exist. A quick check of the United States Patent and Trademark Office will reveal what has already been patented.

You should also complete a non-patent “prior art” search. If you find any sort of artwork or design related to your idea, you cannot patent it — regardless of whether a prior patent has been filed.

Step 3: Conduct research to ascertain whether the idea has a market

Do some initial market research before devoting too much time and money to patenting your innovation. Conducting market research can help you learn how many consumers or businesses could use the product. The market research should answer one key question – Is this something people will buy? Once you’ve determined the demand for your product, ensure that it can be made and supplied at a low enough cost that your retail pricing is affordable. These prices can be determined by making a comparison to those of similar items presently on the market. It can also help you assess your competitors, which will exist regardless of how unique you believe your innovation is.

Step 4: Make a prototype

A prototype is a representation of your invention that puts what you wrote in your inventor’s journal into action. When you exhibit your idea to potential financiers and licensees, this will illustrate the design.

Do not file a patent without first creating a prototype. You’ll usually always find a mistake in your initial design or come up with a new function to include. If you patent your idea before ironing out the wrinkles, it will be too late to incorporate them in the patent, and you risk losing your new design’s patent rights to someone else.

Here are some rules to keep in mind when prototyping your invention:

  • Sketch- To begin prototyping, sketch down your innovation concepts in your inventor’s notebook.
  • Mockup- Using any materials, create a 3-D model of your design.
  • Model- Make a fully functional model of your product.

Step 5: Consider filing a patent

Patents are classified into two types: utility patents (for new processes or machines) and design patents (for manufacturing new, non-obvious ornamental designs). While you may start the patent application yourself, you should submit it with the aid of a patent lawyer who has the necessary technical knowledge.

Others will ultimately infringe on your patent if your idea is valuable. Hiring a qualified patent attorney ensures that your patent is completely protected and that you avoid costly court fights.

You could opt to sell your product without a patent. However, business experts recommend obtaining a patent for several reasons, such as:

  • Protecting your intellectual property
  • Higher profits
  • Selling power
The value of an idea lies in the using of it. – Thomas Edison, General Electric Co-founder

Step 6: Get investors to back your invention idea

Investors have money. You need money. Now, convince them to invest their money in your product idea. If your product idea is brilliant and you have a prototype to back it up, more than half your work is done! Even better, if you already have an MVP (Minimum Viable Product), then your investors can see for themselves how much traction (paying customers who are interested in your product) your product gets!

Prepare an investor pitch comprising all the relevant details such as your mission, company vision, product idea, team, market opportunities, and financial projections.

Step 7: Product development

Armed with the required funding, extensive market research, and a can-do attitude, it’s time to kick your product development into full gear!

You will need a product development strategy with rigid but attainable targets and goals. Develop the product after careful consideration of its quality, quantity, and demand.

Step 8: Market your invention

Now that you have successfully converted your invention idea into a profitable product, it’s time to market your innovation and sell your product. Make a business strategy for your product concept, including whether you want to start your own company or sell the idea to an existing company. Working on your pitch and presentation to capture the interest of investors will be part of this process.

How to take an idea to market ?

While a good business idea will have an impact on all phases of a company’s development, other entrepreneurial efforts also play a role in shaping the future.

Everything begins as an idea. Whether you’re in business, school, jail, or debt, that’s how it all gets rolling. But what is the true significance of an idea? An idea is a thought or collection of thoughts generated in the mind. Ideas often form during brainstorming sessions or through discussions.

All world-changing events and great success stories can be traced back to a single idea. But don’t fall into the belief that having a great idea is all you need. If you have a great idea, then you’ve completed the first step of becoming a successful entrepreneur. Now you need to work on turning that idea into a reality by taking it to market and letting your business change the world.

A business idea is a starting point for any current or future entrepreneur. It is necessary because it marks the start of a new life – the life of a business and an entrepreneur.

While a good business idea will have an impact on all phases of a company’s development, other entrepreneurial efforts also play a role in shaping the future.

This post covers all the necessary steps for an entrepreneur to take an idea to the market. 

Having an Idea is just a first step to become a successful Entrepreneur.

Step 1: Document it

The first stage in commercializing your innovative ideas is to obtain ownership rights. You will not earn from your idea merely by imagining it; you must have evidence proving that you were the first to think of a possible product.

As a result, record all you can regarding the concept, design, and marketability of the product in an inventor’s journal. A court-worthy inventor’s journal can be any bound notebook with consecutively numbered pages that cannot be removed or reinserted.

Step 2: Conduct market research

Do some initial market research before devoting too much time and money to patenting your innovation. Conducting market research can help you learn how many consumers or businesses could use the product. The market research should answer one key question – Is this something people will buy? Once you’ve determined the demand for your product, ensure that it can be made and supplied at a low enough cost that your retail pricing is affordable. These prices can be determined by making a comparison to those of similar items presently on the market. It can also help you assess your competitors, which will exist regardless of how unique you believe your innovation is.

Step 3: Make a prototype

A prototype is a representation of your invention that puts what you wrote in your inventor’s journal into action. When you exhibit your idea to potential financiers and licensees, this will illustrate the design.

You’ll usually always find a mistake in your initial design or come up with a new function to include. Before you dive headfirst into a new business, take some time and a few extra steps to test your idea. Consider getting their feedback to make sure you’re on the right path with your business.

A quick check for the pre-existing products helps to save efforts, money & time.

Step 4: Consider filing a patent

Before putting too much effort and money into a new product, make sure it doesn’t already exist. A quick check of the United States Patent and Trademark Office will reveal what has already been patented.

Patents are classified into two types: utility patents (for new processes or machines) and design patents (for manufacturing new, non-obvious ornamental designs). While you may start the patent application yourself, you should submit it with the aid of a patent lawyer who has the necessary technical knowledge.

Others will ultimately infringe on your patent if your idea is valuable. Hiring a qualified patent attorney ensures that your patent is completely protected. Also, protects you from avoiding costly court fights.

Step 5: Build a Team

One of the most important steps in being able to see your business idea to fruition is to build a team that can support your vision. Your team can include a business partner, employees, investors, mentors, or customers who are willing and able to provide unbiased feedback. You need to be with people who are as ambitious as you and who are ready to go that extra mile to get things done. 

Step 6: Take Action

While many people have great business ideas, a small percentage of those follow through on them. Robert Herjavec, star of the show Shark Tank, offers this advice: “You have to have a senseless belief in your idea and yourself—almost to the point of being delusional. Remember that everyone has advice, but no one knows what you have to go through to start, grow and scale a business until they live it. Talk is cheap, but action speaks volumes.”

Step 7: Market your invention

Now that you have successfully converted your invention idea into a profitable product, it’s time to market your innovation and sell your product. Make a business strategy for your product concept, including whether you want to start your own company or sell the idea to an existing company. Working on your pitch and presentation to capture the interest of investors will be part of this process.

Turning a Business Idea into Reality

Bringing an idea to life isn’t easy. It requires passion, patience, and, most importantly, the ability to execute.

World-changing events and great success stories throughout human history can be traced back to a single idea. But don’t fall into the belief that having a great idea is all you need. If you have a great idea, then you’ve completed the first step of becoming a successful entrepreneur. Now you need to work on turning that idea into a reality and let your business change the world.

The startup culture is full of people who want to and try to but just can’t get their business off the ground. Why is this the case? Much of the reason has to do with the fact that many entrepreneurs don’t know how to take their business from point A to B. Point A is that brilliant idea in the mind of the entrepreneur. B is that subsequent, hoped-for state where the business is secure, established, and making money.

Bringing an idea to life isn’t easy. It requires passion, patience, and, most importantly, the ability to execute.

Efforts and strategies can help transform business idea inti reality

Here are some steps to help you transform that business idea into reality.

Research The Market :

Your product or service won’t get off the ground if there isn’t a viable market for it. Conducting a full market analysis will help you define your audience and size up your competition. It’s crucial to see how competitors are marketing their offerings, read reviews to gauge how satisfied customers are, and how your product is different (and better) from their offering.

Define your Target Audience:

To build a solid foundation for your business, you must also define your target audience. Once you know and understand your potential customers, you can focus and target your marketing efforts on reaching and attracting them. The critical thing to keep in mind is that “everybody” is not a demographic. You can start broad but become increasingly granular as you progress.

Test Your Idea:

Before you dive headfirst into a new business, take some time and a few extra steps to test your idea. Create a functional prototype that you can present to investors and your target audience. Consider getting their feedback to make sure you’re on the right path with your business. Ask what they think about your products, marketing language, advertisements, offerings, logos, brand voice, and more so you’re gathering opinions on multiple parts of your business before committing to your idea and moving to the next step.

Write a Business Plan:

To start a business, you need a business plan. A business plan typically includes the executive summary, company description, products and services, market analysis, competitive analysis, organization and management description, marketing plan, sales strategy, request for funding, and financial projections. Turning an idea into reality requires hours of research, testing, planning, and strategy, not to mention patience and persistence.

Build a Team:

One of the most important steps in being able to see your business idea to fruition is to build a team that can support your vision. Your team can include a business partner, employees, investors, mentors, or customers who are willing and able to provide unbiased feedback. You need to be with people who are as ambitious as you and who are ready to go that extra mile to get things done.

“Great ideas need great execution”

Take Action:

While many people have great business ideas, a small percentage of those actually follow through on them. Robert Herjavec, star of the show Shark Tank, offers this advice: “You have to have a senseless belief in your idea and yourself—almost to the point of being delusional. Remember that everyone has advice, but no one knows what you have to go through to start, grow and scale a business until they live it. Talk is cheap, but action speaks volumes.”

Conclusion

If you have been struggling to figure out how to move from the ideation stage to the product development stage, you must check out the i2MF program. This program is for aspiring entrepreneurs who have already taken the first step of entrepreneurship – the thinking up of an idea – and are now looking to turn it into a sellable product. It will help you know your target market, target customers, and competitors better, and thus build your business model.

How to decide on starting a business ?

Starting your company could be one of the best decisions you ever make—

one that leads to independence, control over your destiny, and possibly big rewards.

If you’re sitting at your desk, daydreaming about starting your own business, this article is for you.

Deciding to start your own business is a leap of faith. It requires pushing out of your comfort zone and trying something new. If that idea excites you, why wait around? You’re ready to take the leap and be the CEO of your own company. While it’s a lot of work and there are some risks, the potential for rewards is huge.

Starting a business gives you ample opportunities to explore your inner self.

Reasons to Start your Own Business

  1. Financial Independence: Let’s face it, starting your own business has several financial benefits over working for a wage or salary. While it’s true that getting your company off the ground can take grit and result in some lean times while getting started. The ultimate goal of being your own boss is cultivating financial independence. With determination and hard work, there’s no cap on how lucrative your own business can be. Thus, people often commit to starting a business with the dream of financial comfort.
  2. Motivating Journey: When you’re working for someone else, it can be tough to find the motivation to do the best possible work. No matter how much work you put in, the company owners will get the ultimate rewards. However, when you’re your own boss, you find motivation at work every day. You know that your own hard work and drive will help you reap the rewards, and that keeps the fire burning in your belly to make each day count.
  3. Control over Time and Schedule: Starting your own business can give you a more flexible lifestyle and schedule so you don’t feel like you’re running in circles on that corporate hamster wheel. You can opt to schedule meetings around your family schedule or you can opt to work from home – the sky’s the limit when you’re the boss. Of course, you still have to get the work done, but with nobody constantly looking over your shoulder.
  4. Follow Your Passion: Many entrepreneurs start their own businesses to follow their dreams and fulfill their passion. The Passion Economy is a term that’s gained a lot of popularity recently. The Passion Economy gives individuals the freedom to work when they want, from where they want. It provides people with passive income and allows people to pursue their passions and positively change the world around them. Making the world a more confident and passionate place.
  5. You Can Be Creative: It’s up to you to decide what your business will produce, sell, or which services it will offer -that’s exciting! Rather than following the formula of those who came before you, you’re looking at a chance to develop a concept or an idea that nobody else ever has. Even if you stay mainstream with your product or service, each day as an entrepreneur allows you to find new, outside-the-book ways to problem solve. Innovation and creativity are necessary traits for a successful entrepreneur, and you’ll hone those skills daily.
Running your own business is both challenging and risky.

Should You Start Your Own Business?

There’s an ongoing debate about whether entrepreneurs are born or made. No matter which side you agree with, perhaps you’ve been aware that you exhibit some classic entrepreneurial traits. Maybe you’re ready to take the leap and start a business?

Even if you weren’t born that way, you may have later developed some of these traits, such as a driving passion. So if you begin to notice the signs, you could launch that business of your own.

Starting your company could be one of the best decisions you ever make—one that leads to independence, control over your destiny, and possibly big rewards. And, it seems there’s no better time than the present, too, as we’re in the midst of an entrepreneurial boom, with more than 500,000 new businesses started in the US every month.

However, there’s no doubt running your own business is both challenging and risky. So before you invest your time and life savings into your business idea, it’s imperative to understand what it takes to be a successful business owner.

While the pros of starting your own business are pretty obvious, there’s a flip side to every coin. As an entrepreneur, be prepared for a roller coaster ride. Not only will you have to deal with an uncertain income and possible cash flow problems, you’ll also have to do everything yourself (or hire someone to help you), including managing the finances, doing all the paperwork, marketing the products/services, taking care of legal work, and chasing after clients for money. All of this can be much more stressful than working for someone else. But the good news is most of these disadvantages can be minimized or overcome. You just need passion, drive, and meticulous planning to make sure your business takes off and turns into a successful venture.