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hello, I am taking an entrepreneurship class where to come up with 1 minute elevator picth, I was wondering if anyone could you help me

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hello, I am taking an entrepreneurship class where to come up with 1 minute elevator picth, I was wondering if anyone could you help me generate an idea and solve this attach file??

image text in transcribed Elevator Pitch Worksheet 1 of 2 (use for Initial Brainstorming of ideas) Presenter/Business Name: 1. What is your product or Service? Briefly describe what it is you sell. Do not go into excruciating detail. 2. Who is the target customer for your product or service? Of course, many customers can use it, but who is the ideal customer? A vertical industry, perhaps, like banking? MIS departments? Developers? Try to be specific with your answer. How large of a market do they represent? 3. Why do they want it? What is the compelling need that your product or service will satisfy? While there may be many needs, try to pick the one or two really compelling reasons why your customers are using this product. What pain will the product take away? 4. What is the key product differentiator? Yes, of course your products have lots of advantages. But for now, just pick the ONE that is most likely to keep the person's attention. 5. Who is the competition? Consider what a prospective customer is likely to do if they don't use your product. If you are selling an early market technology, the competition is often just maintaining the status quo. If you have established competitors, briefly discuss who they are and what they have accomplished. Successful competition is an advantage-it is proof your business model and/or concept work. 6. What is your competitive advantage? How are you different that the competition? Simply being in an industry with successful competitors is not enough. You need to effectively communicate how your company is different and why you have an advantage over the competition. A better distribution channel? Key partners? Proprietary technology? Adopted from Scott Olson, Managing Director, Entrepreneurial Business Development, Ann Arbor Spark Developing your 1 min Elev Pitch worksheets.docx Worksheet #2 of 2; Building the Elevator Pitch Using the ideas that you noted on Worksheet #1, create a one paragraph summary of 150-200 words, delivered with passion, that \"hooks\" the listener emotionally and ends with a question. For [fill in the ideal customer] Who [have the following problem] Our product/service is a [fill in the product/service category] That [fill in the key differentiator] Unlike [fill in the competitor] Our product/service [fill in the key differentiator] Call to action Adopted from Scott Olson, Managing Director, Entrepreneurial Business Development, Ann Arbor Spark Developing your 1 min Elev Pitch worksheets.docx INDIVIDUAL ELEVATOR PITCH ASSIGNMENT & SUBMISSION DETAILS FIN 352 Entrepreneurial Finance Dr. Kiss The TOP 3 Presentations will earn 5, 3 or 2 Bonus Points (as voted by the class) RELEVANT DATES See Syllabus for more details on the following Bring blank Templates to class on day we begin coverage of preparing an Elevator Pitch Date/time your completed Templates (Drafts/ work papers) are due to the drop-box) Date you will be giving your one-minute presentation to the class Each student is to prepare a one-minute elevator pitch for an entrepreneurial related need (of your choice) and deliver (i.e. present) to the rest of the class. You may not use index cards, PPT slides, notes or any other large props. THEREFORE, I ADVISE THAT YOU PRACTICE YOUR PITCH IN ADVANCE! You are to develop a pitch for some unique entrepreneurial idea for which you need funding. While the idea may be fictitious, please perform appropriate due-diligence to support the Amount of the Capital you are requesting (or other appropriate Entrepreneurial Finance Elevator Pitch audience, (examples given below.)) Only one student from each group may present a pitch relating to the business plan being developed by your group this semester. IDENTIFY THE AUDIENCE FOR YOUR PITCH Your pitch may be aimed at prospective users of your product or service. That is, they can be prospective clients or high volume (dollar or otherwise) users of your product. Your pitch may be aimed at prospective investors with the intention of generating enough interest in your idea to schedule a follow-up appointment to discuss details of your entrepreneurial idea. For those of you with less of an entrepreneurial spirit, you may consider delivering a recommendation of a prospective entrepreneurial investment to a client. PAPER (SUBMISSION DETAILS and DEADLINE) Post the work-papers you used in the preparation of your elevator pitch to the Elevator Pitch drop-box (by 12 noon, the day before you are to deliver your elevator pitch to the class. You must submit both the completed \"Elevator Pitch Worksheet\" and \"Building the Elevator Pitch form\" that you used to prepare your pitch. Alternatively, submitting similarly prepared word files (2) (with pertinent data) are also acceptable. GRADING: You will be graded on the completeness and professionalism of your presentation. You will be evaluated on what is unique about your idea, product, or service and if you have conveyed your main idea to (hooked) the class. Was your presentation easy to understand, did you identify your competition and competitive advantage? Did you finish your pitch within one minute? Finally, did you ask for a specific amount of funding and have a \"Call-to-Action.\" Indiv Elev Pitch Assign.docx 1

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