How To Successfully Pitch For Big Money

This week I had the chance to attend the Boston Women’s Venture Capital Summit. It was an amazing experience to see and hear both successful entrepreneurs and angel investors talk about what it takes to attract big money into your business.

During the summit, eight entrepreneurs had a chance to pitch and get feedback from 2 panels of investors. I was so impressed by the entrepreneurs, each one giving a thoroughly prepared presentation in front of two hundred people. Talk about pressure. They all did very well, but not all of them nailed it. There was a clear distinction between those who scored and those who didn’t.

What was it that made one presenter stand out over the others…?

It was CHARISMA baby!!!

Definition: compelling attractiveness or charm that can inspire devotion in others. “she enchanted guests with her charisma” Synonyms: charm, presence, personality, force of personality, strength of character; magnetism, attractiveness, appeal, allure

It was their ability to “hook” the audience which in this case was the angel investors. Hooking them meant the difference between potentially hundreds of thousands of dollars…. or nothing.

It is absolutely crucial to create an emotional connection with your audience. You could have the most beautiful power point in the world or the most convincing business plan, but if you cannot communicate your personal value, you’re not gonna get the gig. Sorry, but just isn’t going to happen.

I asked the angels on break what they looked for most when deciding to invest in a new venture and consistently their answer was “It comes down to the person or the team. I would take an A person with a B market any day over a B person with an A market.” Whoa, that’s intense. “We have to know why YOU are the right person to solve this problem and you better make a compelling case.”

It just shows that people bet on people, not models. There has to be a connection, a STORY, your story. And that story had better highlight your strengths and unique value. And, and, and… you need to be able to tell that story in a clear, confident and compelling way. You know why….?

Because you only get one shot and there is someone right behind you waiting to give his pitch! Maybe he has his story down cold, is going to melt the audience and end up with their big fat check in his pocket.

Of course, you have to do your homework, you do have to have a killer business plan and know your numbers, but if you don’t set the stage, you will never have the chance to let your brilliance shine. Whether you are pitching to an angel investor or a potential client, you must be able to demonstrate you are the perfect person for the job.

Here are a few tips to help you become more charismatic:

1. Smile. Ok, this is a no-brainer, but it’s so important. There is all kinds of research that shows people who smile are perceived as being more attractive, more confident and more likely to get promoted. If it does not come naturally to you, especially under pressure, make a conscious effort to do it. Practice in the mirror if need be, but remind yourself to do it even if it feels uncomfortable at first. You will soon relax as you see others smiling back at you:):):)

2. Use humor. Don’t be afraid of seeming unprofessional by using appropriate humor. The more people like you, the more favorably they will view your presentation. People like people who make them feel happy!

3. Connect the dots for your audience. Know your story and how it connects with your idea. The connection may be obvious to you, but not your audience. You may have to spell it out. I have been asked many times about the connection between my operatic singing background and my branding/business consulting. The connection is obvious to me (sopranos are great at telling other people what to do;) see, made you laugh!

4. Be real. You may not be the most polished person in room. Maybe you are naturally shy or reserved. You don’t have to do a soft-shoe routine to get attention, just be yourself. One of the presenters at the summit was very pregnant and very out of breath. Instead of trying to be stoic, she pointed it out and went on with her presentation. No need to put on airs. If you really lean into who you are, it will be quite charming.

5. Practice. Come on, you knew this was coming. The more you practice, the more confident you will get. Practice if front of as many audiences as you can. You will get invaluable feedback from doing this, not just about your presentation skills, but about your whole pitch, the offer, the product, the market etc. You may hear one idea from someone that could change the whole course of your company.

Do not be fooled into thinking your performance doesn’t matter, that you can get by on your intelligence and talent. There is just too much competition out there. You have to find a way to connect and make an impact. Not doing so could cost you millions.

If you want to nail your next pitch, I can help. For a Complimentary Consultation, click here: http://bit.ly/1Oj2qmC

 

 

Your feedback is music to my ears!

What makes you most nervous about pitching to potential clients?

Post your answers below in the comments or find me on Facebook.

If you would like to use this article on your website or ezine, feel free! Just be sure to include the following:

Heather Poduska is a brand strategist, business coach and opera singer who helps entrepreneurs and small business owners create client attractive brands, polished brand images and brand communication strategies to increase their visibility and impact in the marketplace and grow their businesses.

 

How to Build a Power Voice

Have you ever been to a really good concert? You know the kind where the singer makes you literally soon? I sure have, only instead of a concert, it was at the opera.

When I was singing professionally, I would often be onstage with phenomenal singers with extremely powerful voices. I remember a production when someone dared the lead tenor to hold the high note as long as he could at the end of his aria. He actually kept singing as he exited off the stage, down a flight of steps and into his dressing room still holding that same note. The conductor was furious, but we singers thought it was awesome.

Imagine the strength it takes to send your voice over an orchestra to the back of the hall. As entrepreneurs we need to have powerful voices as well if we want to be heard above the noise and reach our audiences.  But we are an impatient bunch. We want yummy clients now. We want a book deal yesterday. We want to be invited to speak on big stages and host tv shows next week, right? Unfortunately, it doesn’t happen that way.

In order to project a super powerful voice out into the market place, you must build vocal equity in your brand.@HeatherPoduska Tweet This

You don’t just jump up on stage at the Met and start yodeling and you don’t just throw up a website and start generating thousands of leads in traffic. It takes time and consistent effort to develop a powerful brand voice, but you can speed up the process by following a few key steps: [Read more…]

Did I just say that?

Jan 2014 blog.Every year during the holidays I do something stupid. It’s not the same thing every year, but it does happen every year. I may say something inane. I might accidentally blow-off an appointment. This year it was getting getting my kids dressed in their holiday outfits, loading up the car and heading to Christmas brunch with the grandparents only to realize after 20 minutes of driving that brunch was the next day.

I hate making these mistakes. It’s embarrassing, disappointing and I’m sick of it happening. So I’ve decided to figure what the heck is going on and come up with a plan to minimize my gaffs.

Five minutes later…

Ok, I’ve got it completely figured out. It didn’t take months of research to identify the problem. It was staring me right in my worn down face. [Read more…]

Do You Have Brander’s Block?

Ah, time to write the blog again. Let me ask you something, how did you read that last statement? In your mind was it “Ah, this is going to be the time of day I get to relax and express my thoughts?” Or what it is closer to “Oh my god, I’m so brain numb I have nothing interesting to say and this is going to take me four hours to push out?”

Hey we all have those days when we are tired or maybe a little less inspired, but if you find yourself dreading the blog-writing process every time you sit in front of your computer, you may be suffering from Brander’s Block.

Brander’s Block is [Read more…]

Why You Need An Obnoxious Brand To Succeed

If you were raised anything like I was, you were taught to be polite and proper, especially if you are female. “Say please and thank you, keep your clothes neat, don’t interrupt others when they are speaking.” The last thing your parents wanted you to be was obnoxious!  However, teaching good etiquette to children can leave a residue that makes it difficult to market a business effectively.

In order to grow your business, you need to be able to reach and communicate with your audience on a regular basis which means you need to be persistent. The problem for many female entrepreneurs is they don’t want to bother anyone. They don’t want to come across as too pushy. How many times have you heard business coaches say they teach how to do sales without being “salesy”? Salesy has become the new “F” word. What happens in an effort not to be seen as obnoxious is lack of growth and loss of potential income.

Did you know it takes an average [Read more…]

Are You Optimizing Your Brand Resonators?

In classical singing we often talk about creating resonance. Resonance is what makes a voice carry. Leveraging vocal resonators is what enables classical singers to project their voices over the orchestra without the aid of a microphone. Leveraging personal brand resonators buoys your business to rise over the noise of the marketplace.

In singing, optimizing resonance is done by creating sympathetic vibrations in different parts of the body to enhance the sound coming from the tiny vocal folds in the throat. Because each person has unique physiology, these resonators also play a significant role in the distinct quality of sound each singer is able to make. It is part of the vocal finger print. If you have a broad face and a big nose, your sound will be different than if you had a thin face with fine features. However, in order to create this synthesized and original sound, you have to keep the system open and allow the vibrations to travel freely throughout the body. If the system is not open and supported, the singer cannot take advantage of all the resonators and the result is a compromised tone.

In personal branding, each of us has a unique voice as well. Our brand voice is [Read more…]

Open Wide

There is a very funny phenomenon that happens when people first start taking voice lessons. They have a tendency to try to sing with their mouths closed! It’s a very strange thing. The whole point of lessons is to open up the instrument and learn how to let the voice soar. You would think if someone is willing to invest the time and money to actually take singing lessons it would be natural to open up and sing.  However, I have seen the contrary many, many times in my own teaching and watching other singers in master classes. Why is this so?

First, people are NOT AWARE they are not opening their mouths fully. Often when one sings with a partially closed mouth the voice actually sounds quite large on the inside. The sad truth is, however, the sound is getting trapped inside the singer’s body, rumbling around inside their throat, their mouth and their ears. It is not being projected out. As a result, the sound from the outside is small and muffled.

Secondly, in spite of the fact the student has invested in lessons and thus shown a genuine interest in learning to sing, they are AFRAID to let their voice out. Again, I have seen it many times, especially in young singers. The first time they open their mouth and let their voice really rip, they instinctively recoil at the bigness of their own sound.

Finally, a reason some singers do not open their mouths when they sing is they do not have the strength or coordination built up in their bodies to support their sound fully. Therefore, they are forced to “hold on” to their sound. They do not have the support mechanism in place to sustain the opening and project out. It is a technical and structural issue.

As budding business owners we are trying to find and project our voices too. Our stage is the marketplace. However, both the singer and the entrepreneur are trying to reach and entice their target audience. [Read more…]

Baby it’s Cold Outside

Baby it's Cold OutsideAs it is getting colder in New England I realized it is time to buy a new winter jacket. In full disclosure I already have several winter jackets so I don’t actually need another one to keep warm. I do want another jacket, however, because am not completely satisfied with how I feel in the ones I have now. It’s not a question of how they fit, it’s a question of how I feel about myself when I’m in those jackets. I mentioned in a previous post that I recently re-embraced an edgier part of my personal brand, so now I feel like I want to have that edginess come through in my winter jacket.

Why all the fuss about a winter jacket? If you live anywhere where it’s cold in the winter, you know you spend 90% of your time interacting with other people wearing your winter coat. It becomes a very big part of how your personal brand is expressed in your appearance. Putting together a branded outerwear ensemble is a really smart and fun thing to do. All you need is a great coat or jacket in a neutral color and then you can add all the do-dads and colors you want with hats, scarfs, mittens, etc. The possibilities are endless and to change-up the look can also be really cheap and easy. You just need to change up the accessories. If you have a brand color this is a great way to incorporate it. If, for example, you are known for being very holistic and natural you may choose a shade of green for your accessories. Don’t be afraid to play around and have fun with it.

[Read more…]

You don’t get paid to sing in the shower.

We all love to sing in the shower.  One reason is because the acoustics are awesome. Your voice pings off the tiles and the sound of the rushing water usually makes just enough noise to block out any tiny imperfections in an otherwise Met-worthy tone.   More than likely though, the real reason most people love it so much is because it’s one of the few places they can let it rip with complete abandon.  There is no audience to make us feel self-conscious or judge us.  However, there is also no one there to pay us for our killer vocals or spread the word about spectacular performance.

If you are not effectively getting your message out about your business you are doing the equivalent of singing in the shower.  You may feel all the courage in the world writing your business plan, dreaming up your big goals, or designing a your beautiful new website, but unless you get out in front of people and show them what you can do, you are an audience of one.   It can feel scary to step out and say “Here I am. This is what I do and I do it well, so well in fact, that you should pay me for my talents.”  However, the alternative to taking this risk is remaining isolated in a stagnant business.  Here are a few tips to get over your stage fright.

1.  Practice.  If you are nervous about launching your business or introducing a new product or service, find a practice audience.  Find a friend of friendly client who will be encouraging, but also give you feedback on your performance so you can improve any weaknesses.  Nothing builds confidence like experience.

2.  Remember your big WHY.  How do young marines find the courage to put their lives on the line in battle?  They can do it because they are committed to their mission and believe in the value of their contribution.  When you know why you are in business and believe in your unique value of promise you are more able to move forward despite any temporary discomfort.

3.  Be a copycat.  When we want to know how to wear the latest styles most of us pick up a magazine to see how the celebrities are doing it.  We learn by watching and copying.  If you feel nervous about putting yourself out there, find a few examples of people who you think do it well and emulate them.  What mannerisms do they have, how do they dress, how do they speak?  Even as infants we learn to eat, walk and talk by watching our parents.  Choose a virtual mentor and copy them.

4. Fake it til you make it.  Have you ever heard of method acting?  The basic idea is that you do an action and the emotion follows.  For example, if you need to cry for a scene, you make a sad face and you begin to feel sad.  This may be a gross generalization, but the idea is the same for creating more chutzpah for yourself.  Act “as if” you feel confident. Stand taller, smile more, act “as if” you are the most expert in your field.  People will respond to in turn which will boost your confidence.  It is a positive cycle which you can leverage.

You may not be ready for the Met just yet, but if you keep practicing, keep your goals in front of you, and act as if you deserve to be on the stage, you will find your audience and they will applaud you for your efforts.