What is actually an Elevator Pitch? It is a small pitch that you should always keep in mind in order to explain your solution in a few seconds to an investor while making him feel interested about it.
We should create the following scenario on our minds: “Let’s imagine that we are in an elevator and suddenly a possible investor enters. Since that point, we have 30 seconds to present our idea and show him the benefits to join/invest on the Startup.”
These type of situations usually happen in real scenarios. In order for you to be prepared, we suggest that you create your own “Elevator Pitch”. You may eventually do it with the help of the mold which you can see in the image above. This pitch will probably suffer adjustments during the project, however the entrepreneurs should always have this concept in mind in order to successfully take profit of possible occasions by being prepared and show themselves confident regarding their own business.
Exercise: Create the Elevator Pitch for your business.