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What happened
The article discusses the insights and strategies of an entrepreneur who successfully won $100,000 for a business pitch. It outlines the three simple yet effective methods that contributed to the success, focusing on preparation, clarity of vision, and the ability to convey the potential impact of the business.
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Key insights
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1
Importance of Preparation
The entrepreneur emphasizes the significance of thorough preparation before the pitch. This includes understanding the market, knowing the competition, and being ready to answer any potential questions from the judges or investors.
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2
Clarity in Business Vision
Having a clear and concise business vision was crucial. The entrepreneur highlights how a well-defined vision helps in effectively communicating the business's goals and future prospects to potential investors.
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3
Conveying Impact
Demonstrating the potential impact of the business is essential. The entrepreneur shared how illustrating the positive change the business aims to bring can captivate the interest and imagination of the audience, making the pitch more compelling.