Your Elevator Pitch
How important is your pitch?
The elevator pitch is very important for the success of your company. Doesn't matter the size of the company, from huge to one person, if you can't tell someone what you do in an elevator, then, you are failing as a business.
Two questions that you should be able to answer within 30 seconds (each):
1) What does your company do?
2) How is your company going to do it?
Let's take the first question first, what does your company do. This must be answered in three (3) sentences or less. You offer a solution to what?
Some examples:
"We offer a software solution that will secure a users data in case it is lost or stolen. No one will be able to access the data and "see" what is on their lost device - either it being a USB Flash Drive, a laptop, or a cell phone."
"We offer a service that allows brides and fiancee's to be worry-free about their upcoming wedding. Our professionalism takes the stress out of the wedding day, allowing the participants to enjoy the day it was meant to be."
Doesn't matter what the company does or is, the short elevator pitch should be no more then three sentences in length.
As to the second question, how is your company going to do it. Again, answered in three sentences and 30 seconds. What or how is your company going to grow or maintain its business? Who are the markets? What is the potential? Who are current or future partners/clients?
For example:
"We are targeting males, 30-55 years old, who golf. There are currently eight million golfers in this market and with our solution, we are confident that they will understand that our golf ball will improve their game by three strokes, making it the best golf ball on the market"
"We will target those individuals who make over $1 million a year, providing them the incentive to donate to our non-profit, allowing us to build our new annex and thus insuring that the community and tourists will be educated about the cultures that have been in our area for the past 10,000 years. Targeting will include direct mail, personal visits, personal phone calls, and advertising in our community. With these targeted efforts, we are sure that we will reach our $600,000 goal."
Be positive. Be confident.