This website is currently in BETA

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

  • hot
  • hot 100
  • 50 to watch in mobile
  • Entrepreneurs Summit

Are your pitches any good?

by Peter Knight - Wednesday, 5th September 2007 -

I’ve just read How Not to Come Second by David Kean. It’s confirmed a longheld view I have about pitching: the winner really does take all!

Think about it: how many pitches have you lost where the client has said that you’ve come third, fourth or fifth?

In a pitch you either win or you come second and there are no silver medals to console you either. Face it, if you don’t win, you’ve lost. Loser!

A pitch is often won, or lost, before the pitch. I know of no business theory, management consultant or guru who recommends holding back your ideas for as long as possible and then, at the last moment, surprising your client, magician-like, as a regularly effective strategy.

And yet so many pitches are conducted that way.

The client gives you a brief... you (and a pitch team) invest hundreds of hours often with no contact with the client... then, on the day of the pitch, you wade through reams of theory and research until finally, in a matter of minutes, you reveal your ideas and solutions.

Then, with a self-satisfied or slightly nervous smile, you sit back and ask if there are any questions! Let’s be honest, not really ideal is it?

Now I accept that this approach can work (I suspect when all the other competitors are acting similarly and your ideas are streets ahead). However, how many times have you followed this approach and lost? Too many? Then read on.

Here are ten top tips to make sure you come first more often.

1 The only objective is to win the pitch – nothing else. The ideas you present might never see the light of day after the pitch and I guarantee they won’t if you lose.

2 Meet the client as often as possible before the pitch and try and meet everyone who will be on the client’s selection panel. The key to winning pitches is to demonstrate that you can build winning relationships.

3 Involve the client in your research and discuss your initial ideas with them before the pitch. Ask for feedback and get them involved – make your ideas their ideas.

4 Only have your very best team pitch. Fred might be an excellent account manager whom the client will grow to love and depend on, but if he looks and sounds like Freddy “Parrot Face” Davies, then leave him at the office.

You have an hour to impress – you can’t afford to give poor presenters the floor. They will have lots of opportunity to show how good they are once you’ve won.

5 Rehearse your pitch as if your life depended on it. You should be word perfect. Rehearse your ad libs and sudden insights even more thoroughly. Your confidence will soar if everyone knows what they’re going to say and when.

And make sure you’ve rehearsed all the really nasty questions that you just pray they won’t ask – they will!

6 Keep visual aids to a minimum and make sure they have impact, are immediately understandable and reinforce the points you’re making.

7 Don’t use PowerPoint. It hinders far more presentations than it helps. Why on earth would you want your audience to be staring at a screen when they could be observing you, oozing enthusiasm, instead?

If you really can’t live without it, make sure the slides are interesting and actually enhance what you’re saying. Never, ever read off PowerPoint slides.

8 The 80/20 rule applies: 80 per cent of the client’s selection criteria will be about you, your team and the future relationship; 20 per cent will be about your ideas and solutions. Allocate the presentation time accordingly.

9 “Leave behind” documents appeal to the left-brainers, but the rest of us file them – often in a round place. Invest your effort instead on a document that you deliver before the pitch. Think of it as warming up your audience and extending the pitch time.

10 Never, ever, overrun. But always allow for the client to want to spend an extra hour or more with you. In other words, make all your points clearly and concisely – then have further examples and case studies prepared if the client is showing interest.

Losing a pitch is just about the worst experience in business… and winning a pitch is one of the best. Good luck.

Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

BUSINESS NEWS >>

Grass Roots entrepreneur receives an MBE for social responsibility

By Kate Pritchard - July 03, 2008 5:24pm GMT

David Evans set up Herfordshire-based performance improvement firm Grass Roots in the eighties. Today, he turns over a whopping £247m, employs over 1,000 people and has just become one of only three people in the country to receive an MBE for services to CSR.

Foresight invests in Silvigen

By Real Deals & Real Business - July 03, 2008 3:45pm GMT

Silvigen, a supplier of biomass fuels for use in the power industry, will use £1.75m from Foresight to finance the development of a processing plant in Goole, North Humberside.

Countdown to Human Capital Awards

By Catherine Woods - July 03, 2008 3:38pm GMT

At last year’s CBI/Real Business Human Capital Awards, prison administrator Vicky O’Dea was crowned the ‘people’s champion’.

Farmer focuses on versatile local product

By Catherine Woods - July 03, 2008 3:10pm GMT

Farmer Andy Fussel has turned a low-value crop into a product that appeals to those who want to lower their carbon footprint, the health conscious and even Michelin-star chefs.

Nine ways to grow your business through franchising

By Rebecca Burn-Callander - July 03, 2008 2:28pm GMT

Brian Duckett, MD of Howarth Franchising, gives his top tips on franchising your business.


BUSINESS COMMENT >>

Lee McQueen pulls a sickie

By Rebecca Burn-Callander - July 02, 2008 2:55pm GMT

First day on the job and Apprentice winner McQueen has been struck down by a flu-like virus.

Look out Boris! Sir Alan for Mayor?!

By Ally Papasodaro - June 27, 2008 4:10pm GMT

Sir Alan Sugar has been mooted as a possible labour candidate for Mayor of London, and the grizzly entrepreneur is up for the challenge.

The world's first Tibetan consumer brand?

By Matthew Rock - June 26, 2008 4:41pm GMT

Bizarre.

Elnaugh Vs. Paphitis. The Dragons are at war

By Rebecca Burn-Callander - June 26, 2008 2:45pm GMT

When Theo Paphitis suggested all women’s brains “turn to mush” when they get pregnant, fellow Dragon Rachel Elnaugh, entrepreneur and mother-of-five, breathed fire and brimstone.

I’m so excited. And I just can’t hide it.

By Rebecca Burn-Callander - June 25, 2008 11:09am GMT

Anyone else gearing up to go wild over the new domain name changes? No? Just think of the wit, variety and confusion it will bring to the world wide web.


Click here to sign up for the Real Business newsletter
Real Business Front Cover