WEBVTT - Cliff Notes: How to Perfect Your Elevator Pitch

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<v Speaker 2>So okay, talk about elevate yes, and seven steps to

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<v Speaker 2>nailing Yeah. So first things first, is anyone that's listening

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<v Speaker 2>to this if you're going to be pitching, whether it's

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<v Speaker 2>at invest fest or you're going to be pitching at

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<v Speaker 2>any place, the first thing is you want to have

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<v Speaker 2>a clear and concise message. Who are you, what do

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<v Speaker 2>you do, who do you serve? What is it that

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<v Speaker 2>you're actually giving to people? What do you want the

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<v Speaker 2>judges to know or the investors to know? So have

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<v Speaker 2>a clear and concise message. The second commandment that I

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<v Speaker 2>would say, is make sure that you know the problem.

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<v Speaker 2>What's the problem that you're trying to solve. Lots of

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<v Speaker 2>times I've seen people come and pitch Rashad and they

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<v Speaker 2>really don't know what the problem is that they're trying

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<v Speaker 2>to solve. They just want to sell a product to

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<v Speaker 2>you or say, hey, can you invest in my product?

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<v Speaker 2>So you have to make sure that when you're pitching

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<v Speaker 2>with your message being clear and concise, you need to

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<v Speaker 2>make sure that you also know what the problem is.

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<v Speaker 2>And then third, know the solution to the problem. Right,

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<v Speaker 2>what are you trying to solve? I understand you want

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<v Speaker 2>to be able to have a tech company, but what

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<v Speaker 2>is the what is the solution or what's the problem

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<v Speaker 2>that's being solved, and what's the solution how what are

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<v Speaker 2>the vehicles to solve that problem? The third thing is

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<v Speaker 2>make sure that you know your market stats. Right, what's

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<v Speaker 2>going on in the market in the industry right now?

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<v Speaker 2>A lot of people don't do their research on the

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<v Speaker 2>industry stats, which leads to the next one. Who's your competitor? Right?

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<v Speaker 2>I've seen people do pitches and we don't even know

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<v Speaker 2>who your competitor is. You just tell us all about

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<v Speaker 2>the business. But if we were to go deeper beyond

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<v Speaker 2>a sixty minute elevator pitch, a sixty second, sorry, elevator pitch,

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<v Speaker 2>and let's say you all were to ask more questions.

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<v Speaker 2>One of the questions that investors are going to ask

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<v Speaker 2>is who your competitors are? What's the market? So because

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<v Speaker 2>of that, it's important for anyone that's pitching to do that.

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<v Speaker 2>Make sure that you're using proper visual aids. That's another

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<v Speaker 2>thing too. I'm not really sure how it's going to

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<v Speaker 2>be for investments when we get there, but if there

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<v Speaker 2>are going to be visual aids, make sure that your

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<v Speaker 2>visual aids are not all over the place. Make sure

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<v Speaker 2>that you're not using all these different fonts and colors

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<v Speaker 2>and everything like that. Keep it clean, keep it fresh.

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<v Speaker 2>But make sure that everyone, every judge that's looking or

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<v Speaker 2>any investor that's investing into what are interested in what

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<v Speaker 2>you have to say, can understand it clearly in your

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<v Speaker 2>visual aids. I will also say, just making sure that

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<v Speaker 2>as they go through their pitch that they speak clearly

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<v Speaker 2>that they understand, and also do a call to action.

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<v Speaker 2>We've had pitch, I've sat and pitched up matches or

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<v Speaker 2>pitch competitions. Where so what are you asking for? You

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<v Speaker 2>never really say what you're asking for. Be clear and concise,

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<v Speaker 2>and make sure that whatever the call to action is,

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<v Speaker 2>that it is clear, it is realistic. I'm looking for

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<v Speaker 2>two million dollars to do what with? What's the budget?

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<v Speaker 2>What's the forecast? What's the numbers? That's another one. Know

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<v Speaker 2>your numbers, right, What are the numbers going to? Where's

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<v Speaker 2>this money going to? When is it going to happen?

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<v Speaker 2>Most investors don't want to be married long term to something,

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<v Speaker 2>so we want to make sure that we understand. I'm

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<v Speaker 2>an investor myself, make sure that we understand what's the

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<v Speaker 2>return on investment? Do we get equity right? All of

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<v Speaker 2>these things are what people should be considering when it

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<v Speaker 2>comes to their elevator pitch. Whether it's sixty seconds, two minutes,

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<v Speaker 2>five minutes, even up to a thirty minute pitch.

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<v Speaker 1>That tremendous insight, because we get pitched all the time. Yes,

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<v Speaker 1>and so you actually have now just helped us, and

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<v Speaker 1>I'm sure everybody that's listening will take notes from it

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<v Speaker 1>as well. Yeah, you said that vocal health is important,

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<v Speaker 1>and so these things sound like how I will prepare

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<v Speaker 1>as I'm going to the stage, yes, but there's that

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<v Speaker 1>build up. And we talked to a lot of people.

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<v Speaker 1>We just had a pitch competition a few months ago,

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<v Speaker 1>and people were talking about the anxiety that it felt

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<v Speaker 1>leading up to the day. So what are some of

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<v Speaker 1>the type of things that you suggest for people leading

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<v Speaker 1>up to the event. What should they be doing at

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<v Speaker 1>home the week before, the month before to prepare themselves

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<v Speaker 1>for this moment, this five minute moment that could change

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<v Speaker 1>their lives potentially?

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<v Speaker 2>Absolutely? First things, practice practice, practice, practice, And there's a

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<v Speaker 2>couple ways in which a person can practice, right, Troy.

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<v Speaker 2>So the first thing I will say is practice in

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<v Speaker 2>the mirror. See yourself, so you can see how your

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<v Speaker 2>face expressions look, see if the nerves are taken over, right,

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<v Speaker 2>see yourself. And lots of times people do not like

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<v Speaker 2>to see themselves, They don't even like to hear themselves

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<v Speaker 2>back right, You'd be surprised that a lot of anxiety

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<v Speaker 2>that happens on the stage happens because of what people

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<v Speaker 2>are going through in their personal lives and it just

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<v Speaker 2>comes over in there. So practice practice, practice, practice in

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<v Speaker 2>front of family and friends and peers, a mentor, a coach, right,

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<v Speaker 2>And also record yourself on video and watch yourself back

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<v Speaker 2>with no judgment. That's one of the ways in which

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<v Speaker 2>you can actually help yourself prepare for the pitch. Another

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<v Speaker 2>one is actually do what we call mindfulness, walk through

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<v Speaker 2>the pitch without you having to say something. So, how

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<v Speaker 2>am I going to enter the stage, How am I

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<v Speaker 2>going to intro myself? How am I going to speak

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<v Speaker 2>what I need to say? How am I going to

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<v Speaker 2>exit the stage? How am I going to leave?

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<v Speaker 1>Like?

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<v Speaker 2>All of that is what we call mindfulness, whether you're

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<v Speaker 2>performing as an entertainer or speaker. That's one of the

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<v Speaker 2>things that I'll tell people, sit through in mind do

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<v Speaker 2>mindfulness of it. Way to prepare is breathing techniques. Believe

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<v Speaker 2>it or not, There's a couple breathing techniques that I

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<v Speaker 2>tell people to do. One is the four seven eight

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<v Speaker 2>is you breathe in for four counts, you hold it

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<v Speaker 2>for seven counts, you breathe out for eight counts. What

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<v Speaker 2>this does is it triggers what we call the parasympathetic

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<v Speaker 2>nervous system, which is if you're having like a warm

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<v Speaker 2>bowl of super ice cream and you're kind of like calm,

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<v Speaker 2>where there's something called the sympathetic mode, which is that

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<v Speaker 2>fight or flight mode. The moment people get on the stage,

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<v Speaker 2>their palms get sweaty, they want to use the bathroom,

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<v Speaker 2>their knees want to buckle, their mouth gets dry, and

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<v Speaker 2>so mindfulness breathing helps them to trigger that p ands

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<v Speaker 2>that parasympathetic mode. I always say too arrive early. I

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<v Speaker 2>tell people go to the venue, see what it looks

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<v Speaker 2>like like, look at the stage, sit down in the chair,

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<v Speaker 2>and actually visualize what it's going to look like, the

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<v Speaker 2>audience that's gonna be there, walk yourself through it as

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<v Speaker 2>you do mindfulness but in the environment as well. That's

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<v Speaker 2>going to help a lot in preparing and then also

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<v Speaker 2>to making sure that you have a backup. One of

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<v Speaker 2>the u I had a pitch competition that I was

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<v Speaker 2>a judge at. One of the persons forgot their visuals

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<v Speaker 2>and so they did a whole entire pitch asking for

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<v Speaker 2>a whole bunch of money with no visuals whatsoever. Mess

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<v Speaker 2>up their entire elevator pitch. And so I tell those

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<v Speaker 2>that are preparing, make sure you have a backup. If

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<v Speaker 2>you're going to be doing something where you're sending something electronically,

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<v Speaker 2>make sure you have something on a USB drive, a

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<v Speaker 2>Google drive, some sort of electronic drive, show that your

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<v Speaker 2>anxiety can actually decrease because lots of times people kind

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<v Speaker 2>of cause their own anxiety to because of lack of preparation.

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<v Speaker 2>So those are practical things that they can do to

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<v Speaker 2>prepare for their pitch.

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<v Speaker 1>Just a follow up, because a lot of times people

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<v Speaker 1>will confuse anxiety with nervousness. Yes, some people will say

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<v Speaker 1>it's healthy to feel nervous, or it's healthy to feel

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<v Speaker 1>anks before something because you're prepared for it, you want

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<v Speaker 1>to deliver it. Yeah, to do a great job. Is

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<v Speaker 1>it healthy or when does it not become healthy?

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<v Speaker 2>Absolutely, it's absolutely healthy to be nervous. I was nervous

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<v Speaker 2>coming here because I've never met you guys in person.

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<v Speaker 2>I'm like, what are they gonna ask me? I don't know.

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<v Speaker 2>So there's some called good nerves. You just can't allow

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<v Speaker 2>those nerves to take over and become your master. And

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<v Speaker 2>that's where anxiety comes in. Anxiety and angst really says

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<v Speaker 2>what if something happens, and what do I need to

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<v Speaker 2>do to prepare just in case what have happened? So

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<v Speaker 2>there's something between wisdom and then allowing anxiety to take over.

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<v Speaker 2>Wisdom says, you know what, let me have a backup.

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<v Speaker 2>That's not anxiety. That's just wisdom. But anxiety is like

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<v Speaker 2>all of the intrusive thoughts going through your head. That's

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<v Speaker 2>literally just thoughts. Two things that I've learned in life guys,

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<v Speaker 2>no one owes me anything, and never create a story.

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<v Speaker 2>Anxiety is the culprit that helps people create stories that

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<v Speaker 2>literally don't even exist. And so because of that, absolutely

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<v Speaker 2>there's a difference between nerves and anxiety. Nerves is good, right,

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<v Speaker 2>but you don't have to let it master you.

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