13 Reasons Why Every Entrepreneur Should Have a Pitch Deck

pitch-deck

Every entrepreneur should consider a pitch deck as they approach the fundraising process. There are many tangible and intangible benefits to pitching your ideas, and it is not difficult to create one. If you have been putting off creating a pitch deck because you don’t know where to start, worry no more! The following article will provide some guidance on how best to structure your pitch deck and what to include in it. 

1. A pitch deck will help you organize your thoughts and ideas.

When you sit down to write a business plan, the process can seem daunting. There are so many aspects of running a business that it can be difficult to know where to start. However, when you create a pitch deck, you will have already outlined the most important aspects of your business. This will make it easier to write a business plan and to get your ideas across to potential investors. 

2. It is an effective tool for communicating with investors.

When you are raising money from investors, it is important to be able to communicate your ideas effectively. A pitch will help you do just that. Investors will be able to quickly understand what your business is all about and the potential returns they could see. 

3. It can help you get feedback from investors.

Not everyone who views your pitch will be an investor. You may also want to get feedback from people in the industry who can give you valuable insights. By sharing your pitch with others, you will get a better idea of what works and what doesn’t. This can help you improve your chances of getting funded. 

4. A pitch deck is a great way to test the waters.

When you are starting a new business, it can be difficult to know whether or not people are actually interested in what you are selling. A pitch deck can help you determine this. By sending your pitch to potential customers, you will get a better idea of the level of interest there is in your product or service. 

5. It can help you raise money faster.

If you have a well-crafted pitch, it will help you raise money faster than if you were to approach investors without one. This is because potential investors will have a better understanding of what your business is and the potential returns they could see. 

6. A pitch deck can help you build credibility.

pitch-deck

When you are trying to raise money from investors, it is important to build credibility. A well-crafted pitch deck will help you do just that. By showing that you have put in the time and effort to create a good presentation, potential investors will be more likely to take you seriously. 

7. It can help you get feedback from potential customers.

As mentioned earlier, not everyone who views your pitch will be an investor. You may also want to get feedback from people in the industry who can give you valuable insights. By sharing your pitch presentation with others, you will get a better idea of what works and what doesn’t. This can help you improve your chances of getting funded. 

8. A pitch deck is a great way to get your business in front of potential investors.

One of the best things about a presentation deck is that it can help you get your business in front of potential investors. By sending your pitch deck to people who may be interested in funding your business, you will have a better chance of getting them on board. 

9. It is a great way to get your business off the ground.

When you are starting a new business, it can be difficult to know where to start. A pitch deck can help you get started by providing a template for you to follow. This will make it easier to communicate your ideas and to raise money from investors. 

10. A pitch deck is a great way to make your business more attractive to investors.

When you are trying to raise money from investors, it is important to make your business as attractive as possible. A well-crafted pitch deck will help you do just that. By showing potential investors what your business is all about, you will increase the chances of getting funded. 

11. A pitch deck is a great way to practice your pitching skills.

When you are trying to raise money from investors, it is important to have well-practiced pitching skills. A pitch deck can help you hone your skills by giving you a chance to practice in front of potential investors. This will help you be more prepared when it comes time to actually make your pitch. 

12. A pitch deck can help you track your progress.

As you work on your pitch, you will likely make changes and additions along the way. This is normal! A pitch deck can help you track your progress by allowing you to see how far you have come. This can be a great motivator when you are feeling stuck. 

13. It can help you find a co-founder.

If you are having trouble finding a co-founder for your business, a pitch can be a great way to do it. By sharing your pitch presentation with potential co-founders, you will have a better chance of finding someone who is interested in working with you.

One great tip to make effective pitch decks is to use Venngage—a free infographic maker that offers a wide range of pitch deck designs for everyone. Here are some pitch deck examples from their website! 

Final Thoughts

A pitch deck is an essential tool for any business that is looking to raise money from investors. By communicating your ideas effectively, you will be able to get the funding you need to grow your business. In addition, a pitch deck can help you build credibility with potential investors and get feedback from people in the industry. If you are starting a new business, a this is a must-have. Check out some of the best pitch decks here.

small business coach

5 Ways to Transform Dissatisfied Customers Into Priceless Assets

customers

No matter how trained and honest your customer service reps are, there are instances where some customers may feel dissatisfied with your product or services. No matter the cause of the dissatisfaction, you have to take steps to remedy the situation to gain the loyalty of the clients who feel dissatisfied. The process of doing this may not be easy and, to some extent, embarrassing, but remember that one dissatisfied client can bring your company down.

Here are the five steps you can take to transform dissatisfied customers into priceless assets.

1. Build a Strong Reputation

When one of your customers is unhappy with your service, the first step is to find out the cause and extent of the dissatisfaction through a DSAT analysis. Once you get your facts right, invite the offended clients for a one-on-one discussion. If they can’t come physically, you can organize a phone conversation.

Tell them how sorry you are and the steps you have taken to remedy the situation. You can offer to replace the product or offer the service without charging them. When they agree to come for the product or service, let them get the best. This will instantly convert them into your loyal customers.

2. Listen to the Customers

customers

Dismissing a disgruntled client or failing to hear their side of the story can hurt your business. The customers will get more outraged and frustrated. Offering a listening ear to your clients makes them feel valued and respected. Sitting an angry client down and listening to them gives them a sense of satisfaction.

Remember that an unhappy client is always very honest. They’ll tell you everything they feel about your company and products. So don’t stop at listening. Let them know the steps you plan to take to prevent the recurrence of whatever they experienced.

3. Damage Control

Today, people have access to several communication channels. Once a customer is dissatisfied, they can instantly post the incident on social media sites like Facebook or Twitter. And within no time, hundreds, if not thousands of people, will be sharing and discussing the issue. This can hurt your company’s reputation. When faced with such a situation, make sure you take damage control measures.
Have your customer representatives respond to the sentiments expressed on social media professionally and, if possible, explain the situation and offer apologies. You can also publish an official statement about the incident and the remedial measures taken on your company’s website. Try as much as possible to protect your company from negative comments.

4. Seize the Opportunity for Improvement

You and your employees should learn from unhappy customers. Once you listen to them, try to improve on the areas they mention. If it’s about customer service, you can invite an expert to train your team. If it’s about the product, make sure the customers’ suggestions are incorporated into your future production.

Once you make the changes, let the angry customers know what you’ve done.

5. Do Everything Possible to Please Angry Customers

Whatever happens, don’t let a customer leave your premises when they are still unhappy. Try as much as you can to make the customer feel special, even if it means giving them more than they asked for. By going above and beyond what they expected, you can win them back.

Let them know how much you value and respect them before they leave your premises.

Conclusion 

Converting an unsatisfied customer into a company asset can positively impact your business. Some customers may indeed overreact, but it’s upon you to cool things down and let the customer feel like they’ve won. When you handle an angry customer well until they agree to work with you again, you will have found a loyal partner. 

Client