Business Concepts
What is the basic premise or idea behind a business called?
What is a business concept?
How long does an elevator pitch usually last?
30 seconds to 2 minutes.
What is the first step in a business pitch?
Define the problem.
What should a successful pitch be?
Clear and concise.
What is a visual representation of information, data, or knowledge?
An infographic.
A business concept happens after doing what?
What is researching the market?
What type of pitch is usually presented first?
An elevator pitch.
What comes after defining the problem?
Presenting the solution.
What is a pitch deck?
A collection of slides that gives a compelling overview of the business concept.
What should videos in a business pitch be?
Short and relevant.
What does a business concept explain about a business?
What products or services it offers and how it will operate to fulfill a market need.
What does an elevator pitch provide?
A snapshot of the business idea and its selling points.
What should a pitch demonstrate about the target market?
A thorough understanding of the target market and competition.
Name two distracting habits during a presentation.
Swaying, hair twirling, or using filler words like “um” or “like"
What type of criticism suggests improvements instead of just pointing out problems?
Constructive criticism.
What is the main purpose of a business pitch?
To persuade the audience to support the business concept.
What can an elevator pitch lead to if it is successful?
A more detailed business pitch.
What three things are included in a financial summary?
Revenue projections, cost structures, and potential return on investment.
What should presenters be aware of besides their words?
Body language and voice.
Name two things you should do when receiving feedback.
Listen attentively and seek clarification.
Name four possible audiences for a business pitch.
Investors, stakeholders, clients, and partners.
Where might a formal business pitch take place?
Investor meetings, pitch competitions, client presentations, or partnership discussions.
Name three possible milestones a business might include in its pitch.
Prototype completion, product launch, reaching revenue targets, profitability, or expansion into new markets.
What are some traits of good presentation skills?
Clear communication, confidence, engaging content, organization, and effective use of visuals.
What should you focus on after receiving feedback?
Actionable steps that can improve the presentation.