Did you know that Dubai investors on average fund only 10% of business proposals they hear?
So, if you are a budding entrepreneur in Dubai or UAE, stats are stacked against you. But, instead of deterring you, this should motivate you all the more to work harder on your business pitch. Your business pitch determines, more than anything else, whether you’ll get the desired funding or not.
In other words, your pitch matters. So how can you deliver a great business pitch?
Well, keep in mind the following tips:
Here are some timing pointers:
Detailed numbers, valuations and endless spreadsheets, although necessary, don’t excite anyone. If investors want data, they can get it from your term sheet or financial plan.
What they may want to know is the story behind your dream. Tell that right and you will capture and hold their attention.
Therefore, don’t waste their—and your own—time by highlighting things that aren’t really necessary. Use every second of your pitch time to talk about the core components.
However, don’t go on and on about your product. Honestly, investors are not so much interested in your product as in knowing how much your product is going to make.
So get to the good part—the money and how you are going to generate it —quickly.
If yes, forget about pitching right now and work on finding a truly unique product or service.
Investors don’t want to waste their time on a venture without any unique features.
Investors want to know your marketing strategy. And they will be all ears only if your marketing strategy is sound and airtight.
However, you may lose their attention if you flounder with your answers. Therefore anticipate questions and prepare for them in advance.
Want help with business pitching in Dubai and UAE?
Get in touch with our experts. They can help you with everything, from creating a killer investor deck to business coaching and business plan writing.
Launching a business is easier than running it.
Perhaps that’s why nearly 50% startups in Dubai and UAE shut down after a few years.
If you don’t want that to happen to you, you must learn—and learn quickly—to manage stress better.
Stress pulls you down, mentally and physically. If you don’t learn to manage the stress of running a business, it can seriously minimize your chances of success.
Here are 5 tips to help you deal with unavoidable stresses that will surely come your way—sometimes in a heap—if you want to be a successful entrepreneur in a competitive marketplace such as Dubai and UAE.
When you feel something is overwhelming you, learn how to step away and review the situation anew. Ask yourself, “If worse comes to worse, what can happen in this situation?”
Such simple questions will help you realize that, contrary to your initial fears, the problem in front of you is not so bad after all. And that you can deal with it. You are stronger than you think.
Many startup businessmen struggle at saying ‘no’ to projects they are in great position to fulfill, only to repent later. It’s much better to decline a project upfront than accept it and do a below-par job on it. That will neither help the client nor you.
Focus on the things you are really good at and leave the rest for others. For instance, if you are launching an online business and you’re a marketing expert but not a great writer, you can hire someone to write the content for you.
Similarly, if you want to entice investors in Dubai and UAE but are not so confident about your business-plan writing skills or pitching skills, you can ask our experts to help you a lending hand. Among other things, they can help you with startup business planning, startup marketing plan creation, and financial modelling for startups.
Why do some Dubai startup businessmen make it big while others fail to make an impression?
Well, there’s no secret here. It all boils down to simple skills, which anyone can—and should—learn.
Successful people don’t do different things; they just do things differently.
Here are six key habits for business success. Embrace them wholeheartedly to become a more successful businessman.
Obstacles and failures will come your way for sure. Sometimes they may even come in a heap. If you are someone who takes a failure to the heart, perhaps you need to buckle up.
Instead of letting challenges bog you down, take them as opportunities to grow and learn.
Prepare a list of things that are extremely crucial for your business that you need to do yourself. The rest you can delegate to others. Freeing yourself from everyday busywork will help you focus on things that are most important for your business.
You got to take calculated risks. If a particular risk doesn’t pan out well, learn from your experience and move on. Don’t let it deter you from taking risks in the future.
Apart from cultivating these habits, what else do you need to become a successful entrepreneur in Dubai or UAE? You need to have a sound business plan and you need to perfect the art of pitching to woo investors.
Get in touch with our experts. They can help you create a great business plan, develop a great pitch to attract investors and help you raise the required capital