Now That You've Recommended A Solution, Communicated The Cha

Now That Youve Recommended A Solution Communicated The Change To You

Now that you’ve recommended a solution, communicated the change to your team, and prepared your financial information, the next step in business development is to get investors to back your proposed solution. This is typically done by the innovation consultant or business manager in conjunction with the CEO and other business partners. Business executives and investors are often busy and don’t have time for long presentations. Short, informative presentations are often referred to as elevator speeches or elevator pitches because the presenter needs to convey the idea, product, or service in the time it would take to ride in an elevator with an investor. Elevator speeches can contain the proposed solution, a quick financial overview, how to evaluate the solution, and other important information.

Preparation Review faculty member feedback from your submission of the Wk 5 Assessment Prep: Financial Overview Outline in preparation for completing the financial portion of this assessment. Assessment Deliverable ( you can write write me a script to record myself) Record a 2- to 2.5-minute elevator speech about your process, product, or service as if you were given time with a potential investor. In your speech: Introduce yourself. Provide an overview of the challenge facing the business. Present the proposed solution.

Provide a financial outlook overview and incorporate information from your Wk 5 Assessment Prep: Financial Overview Outline (assets and liabilities) to demonstrate the business’s financial position. Metrics: Explain how you will evaluate the effectiveness of the solution, including measurable analytics, as needed. State the benefits of investing in your product, service, or process. Recording Format Adhere to the following formatting requirements: Use any presentation recording tool that can produce a shareable URL for others to view. Refer to the Assessment Support section for suggestions and resources.

Visuals (e.g., Microsoft PowerPoint) are not required in your presentation. You must appear on-screen during your presentation recording. As a business professional, you will have to present your own solutions in your future career. This is an opportunity to practice public speaking, navigating technology, and sharing your ideas.

Paper For Above instruction

In the competitive landscape of business development, securing investor backing is a critical step beyond proposing solutions and communicating changes. An effective elevator pitch acts as a concise, compelling presentation designed to capture the interest of busy investors within a limited time, typically around two minutes. This paper explores the essential components of crafting and delivering a successful elevator speech, emphasizing preparation, financial overview, measurement metrics, and presentation tips vital to engaging investors successfully.

The initial phase involves thorough preparation. Reviewing faculty feedback from prior assessments, specifically the Financial Overview Outline, helps refine the financial data necessary for an impactful pitch. A clear understanding of the company’s assets and liabilities builds credibility and provides a foundation for demonstrating financial stability and growth potential. Preparing a succinct yet comprehensive narrative of the business challenge, proposed solution, and financial outlook ensures that the presentation remains focused and persuasive.

The core of the elevator pitch encompasses self-introduction, problem statement, solution presentation, and financial overview. Introducing oneself professionally sets the tone and establishes credibility. Clearly articulating the challenge facing the business communicates awareness of market needs. Presenting the proposed solution highlights innovation and strategic approach. Incorporating financial data, including assets, liabilities, and projected growth, justifies the investment opportunity and offers a snapshot of the company’s financial health.

Metrics for evaluating the solution’s effectiveness are equally crucial. Providing measurable analytics, such as ROI, customer acquisition rates, or market share growth, demonstrates a data-driven approach to success measurement. Explaining how these metrics will inform ongoing strategy reassures investors of a systematic, results-oriented mindset.

The benefits of investing include potential high returns, market expansion, or competitive advantage, which should be articulated convincingly. A compelling conclusion emphasizes the strategic value and growth opportunities, leaving investors with a clear understanding of the worthiness of the investment.

In terms of presentation format, the delivery must be professional, on-camera, and clear. Using accessible recording tools that generate shareable URLs ensures ease of distribution and review. While visuals are optional, appearing on-screen fosters a personal connection with the audience, enhances credibility, and demonstrates professionalism. Practicing public speaking, mastering technology, and effectively sharing ideas are essential skills that not only serve in securing funding but also form foundational capabilities for future business endeavors.

References

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