Elevator Pitch
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Identify and Articulate the Problem First: Before diving into your solution, make sure to clearly outline the problem you're addressing. "A solution in search of a problem is a pitch doomed to fail."
Preparation Over Passion: While enthusiasm is important, it's your understanding of the details and the homework you've done that will truly impress. "Passion inspires, but preparation convinces."
The Curse of Knowledge: Avoid assuming your audience has the same level of understanding about your idea as you do. Take the time to explain the context and necessity. "Familiarity breeds clarity, not contempt."
Tailor Your Pitch: Customize your message based on who you're speaking to, leveraging analogies and references that resonate with their experiences and interests. "One size fits none; tailor your pitch to the listener."
Feedback and Adaptability: Be open to feedback and willing to refine your pitch. This shows humility and a commitment to growth, both highly valued in a leader. "Feedback is the breakfast of champions; dine on it to refine your pitch."
Summary Phrase for MBA/Master's Students: "Successful elevator pitches require a clear problem statement, meticulous preparation, tailored messaging, adaptability to feedback, and a balance of passion with practicality."
(Podcast)