By Startups are a new wave of business ventures that are generally being created to build a traditional pattern of a business. Through that, a company can build a viable business plan that can become self-sustaining in the long run.
In the majority of startups, they are directly competing with the big players or disrupting a market where they are the first movers. In both of these scenarios, a company needs funds through which it can dominate and capture the market to win potential businesses from that area.
In this blog, we will look into the pitch deck of the startups and the key components that a company must keep to ensure that they can collect funds from the investors.
Defining the Problem Statement
One of the main aspects of a company in the initial days is understanding a problem. A startup comes to form when it can understand a problem in the life of a people or an industry and wants to change that. A founder can use templates for Remarkable 2, which is a great way to note down a rough plan, create flowcharts, and keep all that rough work saved.
Providing Solution
In the pitch deck, it’s the most vital content, and that is the origin of the startup. Here, with the solution, the founder and their team will define the source of the solution and how they can create a business around it, which will ease out a problem and provide better ways of dealing with it.
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Showcasing Product Features
A startup, when dealing with a problem, is usually a case where it shows the products they are building or how they can turn the current service into something better and more efficient. Here comes the need for features in products and services, and through that, one can provide better insights to investors and explain why those features are useful.
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Understanding the Market
Defining the market is an important task, and it shows how much opportunity there is for that particular startup in that market and what the growth prospect is. Investors get motivated to invest when they find that the product or service is in a market where people are spending more; thus, it increases the chance of generating higher profits.
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Measuring Competition and Risks
Measuring and showing competition in the industry works as some validation where they get to show what the potential downsides of the market are. It shows that the founders are aware of the overall situation of the industry, and it’s important to define what the strategies will be to defend those challenges. Here, one can use a small business plan template, which will define the need and necessity of the business and that they can show to the investors.
These are some of the most potential aspects one needs to cover in their pitch deck to raise funds and start with the first round of seed funding in the startup. A company then can plan its operation and venture out for growth and can disrupt the market where it wants to provide new products or services.
