icon_hacks_b Created with Sketch. Garage Blog

Super Handy Checklists For Drafting Your Startup Pitch

We’ve all heard of the ‘elevator pitch’ before. It's essentially a 30-second window for you to completely change your life. No pressure. While pitching your startup may seem like a horribly daunting task, much of it comes down to clarity, knowledge, and confidence. Read on as we share how to grasp an opportunity that comes your way, or make most of your next networking event.

The One Liner

If you’re in a real elevator-like situation, a sentence could be all you have time for. This means you need to immediately communicate the essence of your pitch, or the value proposition of your startup. In most cases, this will be revealed through how you’ll solve the problem at hand. Checklist:

  • Name
  • Audience / Market
  • Problem
  • Solution

10 Minutes

Okay, so you have the person in an immobile, contained area. Now is the time to go a little more in-depth with your pitch, or begin to support your statements with the scope of your knowledge of the market, technology, traction, etc. A compelling story always helps, but steers clear of clichés and overused industry buzzwords. If there’s enough time*, let your product speak for itself by showcasing its features. Checklist:

  • Business model
  • Competition
  • Your story / How you got to where you are today
  • Traction
  • Successes so far / Milestones
  • Short Demo*

A Real Meeting

Okay, you’re almost there. You’ve setup a proper meeting, which means you actually have time to put together a proper deck, and really go for it. Now is the time to talk money, and get into the nitty-gritty of pragmatics, logistics, etc. With time on your side, you can begin to support your statements through a proven track record through figures. More importantly, allow the investor to see the bigger picture by detailing a growth plan, and exactly how funding will put you on track. A comprehensive and developed investment plan is a determinant factor for success, and is the thesis of your pitch. Checklist:

  • Customer acquisition / Marketing strategy
  • Revenue model / KPIs
  • Financial projections / Budget scenarios
  • Your team
  • Demo
  • Investment plan / Funding needs
similarposts
icon_hacks_b Created with Sketch. Garage Blog 8 Practices to Promote Wellness & Mental Wellbeing in the Workplace

Strengthen mental health in the workplace and introduce a culture of wellness and mental wellbeing to increase productivity, creativity, and employee happiness. 

icon_hacks_b Created with Sketch. Garage Blog Event Recap - Team Management 101: How To Manage Your Team Remotely And Effectively?

The following is a recap summary from our webinar on “Team Management 101: How To Manage Your Team Remotely And Effectively?” which was hosted on March 12, 2020. You may watch the recording of the event here

icon_hacks_b Created with Sketch. Garage Blog We are now screening resumes without name and gender

Every year March 8th rolls around, and the world wakes up to recognise and celebrate the countless women who make the backbone of our social structure. The last couple of years have been quite significant in taking celebrations from just being about the cookies and cupcakes to being about the cognisance of social and workplace gender biases. At Garage Society, we care about the community, and being inclusive is our long term commitment. This one extra day just gives us an excuse to share our thoughts on the subject with you.