How To Pitch Your Plan
How to Pitch Your Plan! So, you’ve decided to create your first hemp or cannabis startup. You’ve planned out your location, what products you will make, what solvent you will use for extraction, and more. You have it all figured out! Or do you… What about your potential investors? Do you know how you’ll pitch your business plan to them? This is a crucial step that many startups fail to properly employ causing significant difficulty when attempting to create partnerships, and establish investors. If you have yet to consider this vital step in your new or upcoming venture, you need to listen up to this week’s episode.
In this week’s episode of extrakTALKS, Dr. Jon and Randall Thompson discuss the best possible ways to pitch your plan in your hemp or cannabis business plan. There are several key factors that you need to take into consideration when deciding to pitch your business plan:
1. The best practices for having a successful pitch of your idea or plan to investors
2. Bringing in friends and family to your business venture
3. Successfully pitching to an investment group and
4. Making sure your plan stands out in a competitive market AND making that plan a success.
Listen up and pay close attention if you want to make sure your investment opportunities are successful and that your overall business plan will bring you to revenue in the long term.
[00:00] – Welcome!
[01:40] – Giveaway Winner!
[02:36] – How do you make your pitch?
[03:48] – Top 5 Plan Pitching Tips
[05:48] – Keep it short
[06:50] – Answer the why
[07:24] – Know your numbers
[08:01] – Answer the why explained:
[09:41] – What if you want to be multifaceted?
[11:34] – Pitch differently to different investors
[13:09] – What are you going to pledge your customers?
[13:31] – Where are you going?
[16:54] – Answer How Much?
[19:20] – Answer the Who?
[21:35] – Avoid Pitfalls
[23:22] – Sheet for you
[25:39] – Our advise for you
[26:59] – Final Words
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