Sunday, October 20, 2013

But I Have No Money...

One of the main problems I'm finding with making the power point for the pitch is that my company obviously has no money. I don't even have a prototype. No one in the class does. On Shark Tank all of the entrepreneurs had already been in business for awhile. They had products and sales to back them up and show that they were a serious business who was worthy of the sharks' investments. I know that my business obviously has no money or product because it is just a project for class, but I wish that we were at least pretending that we did. I wish that we could have spent some time making a business plan and coming up with rough estimates of how much money our business would have after a year. Then we could work those numbers into our pitches. That would help a lot in our pitches because we could explain the money we were making as well as make diagrams and charts to show it. In The Art of Pitching it says how important to have visuals such as this so I wish that we could be doing that. I think it'd be helpful because then it'd be a more realistic pitch and it would also gives us more hands on experience in working with numbers, even if they were fake.

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