Woo! This is exactly the most useful and sweet tips for a presentation!

Made by  “Perfect Pitch” team.

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Who are we:Perfect Pitch TEAM

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This is a very exciting time for our team. We have finally started moving towards recognising our passion and purpose for this project.

We started to work as a group in order to find out more about how to promote any ideas in an interesting way and tried to find out more about how to give a good presentation. We found out a lot of interesting things from the graduate students that we interviewed and articles from all different sources, not only that but we all had quite a lot of different experience before coming together and creating Perfect Pitch.

Here are 5 tips that would help you when you starting working on the project (Uni project) with a new team:

1. Make sure before going into specifics of the project you have got to know each other a bit. Try to go out together and try to find out what do you have in common and what do you like about each other.

2. Before meeting together, read what the project is about on your own, or do some brainstorming on what the project can be about if the topic is not given.

3. Everyone is different. If someone doesn’t contribute in the conversation strongly they might be better at completing the task rather than coming up with ideas.

4. Try to meet up as a group every week to track the progress. It is crucial that you keep in touch always during the project.

5. Support each other even if it seems very hard remember the success of the project lies in helping and supporting other members of the team rather than in the personal skills.

By Olya of Perfect Pitch

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With D-sider creator: helping hands for designers in the future

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Are you designing a product of your own? Have you been racking your brains for an original idea? Are you longing for a professional community that can offer you suggestions and guidance? The business plan we are about to discuss might be an idea that meets these requirements.

Today we have Kai Duan with us. He graduated from International Media Business of University of Westminster and is a co-author of this business plan. Now let Perfect Pitch ask questions on your behalf. All you wanna know is right here.

P=Perfect Pitch     K=Kai Duan

P: Would you tell me something about your business plan?

K: Our project is called “D-sider”. It’s an online community for burgeoning designers who want to share their ideas and exchange views with others. Traditional social sites are obviously not an ideal place for such a purpose. According to our survey among designers, 93% of respondents deemed it necessary to get inspiration from works and ideas of others while 90% of them hoped for comments and advice on their works from experienced professionals. Many unknown designers may be very capable. But there hasn’t been a good platform where they can display their talent. What we are doing is to provide such a platform.

P: How did you come up with this idea?

K: We did a lot of brainstorm together. Every member of the team agreed that we should design a product to really help students. Actually, there were many design majors in our school. We often saw them busy with their works in the forum or lab. It’s very difficult for young designers to establish a name for themselves in a big city like London. So, we decided to create a platform to help them. And then we developed the simple notion into a full business plan.

P: Was there any trouble during the preparation? How did you solve it?

K: Yes. Market analysis was the hardest part of our business plan. I guess other teams might face the same problem at that time. Building a website isn’t as easy as it may sound. It requires a lot of fund for daily maintenance and operation. Moreover, we had to convince investors of our project before we could get any investment. We figured that the business plan must be as thorough as possible. We had to consider related services, subsequent upgrading and improvement of the website. We brainstormed on the details of the product over and over again to make it impeccable. We often asked ourselves this question: what did we care most if we were investors. Then, we improved our project accordingly.

P: How did you feel when giving your presentation?

K: We completed the design of the project and submitted all materials a month prior to the presentation. We spent much time together going over every little detail of our project. We were fully prepared when that day came. We were excited and a little bit nervous because in front of us were real investors. It’s really an exciting and also rewarding experience. Given that time was limited, some team members didn’t have a chance to present their part of the project so fully. Although we were well prepared, some factors did affect our performance more or less.

P: What benefits did you get for participating in this project and activity?

K: The best thing I learned is how to think thoroughly and methodically about the details. It makes me more rigorous. By creating a business plan of my own, I have formed a basic understanding of the market. I feel that I become more mature and experienced after this project. It’s something I could never learn from any book.

For more exciting interviews, please keep following Perfect Pitch.

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Look  how University of Westminster students pitch their business plans:

An exclusive interview:Countdown to JustBuyIt launch

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Maybe you have noticed the special interview we are doing with graduates. Yeah, that’s right. Maybe they are not entrepreneurs in a real sense, but they have built up their own teams and come up with creative business plans that are spoken highly of by venture investors.

This time we have a happy chat with Zimu Jia. She is a Media Management graduate from University of Westminster. Now let’s listen to her business story at Perfect Pitch.

P=Perfect Pitch     Z=Zimu Jia

P: What’s the name of the project you started?

Z: It is called JustBuyIt. It’s a mobile application designed for women who love shopping. During shopping, everyone wants some suggestions from others. “Which color suits me better?” “Does this look good on me?” They are typical questions we hear in a clothing store. To get some advice from others, some girls shopping alone may try on a new dress in the fitting room, send mirror selfies to their friends and wait eagerly for their replies. Our product will be a perfect solution to this problem. But I’ll leave some room for imagination because our team members are working on turning the concept into a reality. Hopefully we’ll soon present you a real product and share the joy of success.

P: How did you come up with this idea in the first place?

Z: We found this idea in ourselves. There were four girls in our team who loved shopping very much. Sometimes we hung out a lot together or talked about our experience on shopping. Gradually, we came to realize that everyone needed a product or a service to solve this problem in shopping. Based on this requirement, we created our business plan.

P: Were there any difficulties during the preparation? How did you solve them?

Z: The biggest problem we met was calculating the cash flow for the whole business plan. We are students of media majors. None of us knows much about corporate finance. Anyway, we had to figure out the cash flow. We referred to all kinds of documents and consulted a lot of accounting majors. We also learned a lot from other business projects, which was very helpful for solving our own problem.

P: How would you rate your performance at the presentation?

Z: I was not quite myself that day because I was running a fever. But our team did a great job. I’m proud of them. The first one to speak that day was Jun. She used to work at 4A. So she had much experience in making proposals. She really knew how to draw attention from the audience. “What will you do after the presentation?” By posing a simple question on the stage, Jun successfully ignited their enthusiasm and introduced the theme of our product. She described the trouble she had herself when shopping and explained why our product could meet the user requirement. Story telling I think is a good way to draw audience attention at a presentation.

P: What have you learned from this project and activity?

Z: It makes me realize starting a business is an exciting but also very frustrating. It’s an idea and a common goal that keep motivating every team member all the way through. Even those knotty problems now appear interesting. Striving for perfection is an attitude essential for doing anything. That’s what I learned from this program. The experience is still very helpful in my work now.

For more exciting interviews, please keep following Perfect Pitch.

click here like our Facebook, and here follow our twitter.

Look  how University of Westminster students pitch their business plans:

Do you have the same question?“I’m in my early 20s and is there such thing as wanting to do too many things in life?”

Brandon Lee —— an entrepreneur answered this question like this:

I think most people struggle with this as young adults.

This is what freed me from the paralysis of analysis:

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5 years ago I was a speaker, teacher, and trainer in a very unique non-profit niche.

For the past 2 years, I’ve been flipping houses (when you buy, fix, and then resell a house for profit) and have become a known presence in my local market.

In 3-4 years, I’m planning to choose my next “life.” I’m debating between law, tech, education, or maybe revisiting non-profits.

Who knows!

But the point is, I also want to do a ton of things, and I actually believe I can achieve many of them, and I owe that belief to that comic.

I’m excited to study a hard science down the road, maybe get into medicine, maybe be a sports trainer.

I’m excited to publish a few books, excited to travel the world, live in a different country, be a polyglot, and master a martial art.

I’m excited to be a teacher, maybe when I’m in my 50’s or 60’s because I’d want to be that teacher that was down to earth, encourage and believe in my students, make them laugh, and maybe become friends with them.

But for now, it’s real estate —  the intent is to build a solid financial base so I don’t have to worry about money when I pick a new “life” to pursue.

You have a great list, best of luck in your pursuits!

P.S.  This post isn’t quite complete without The Ultimate Cheat Sheet to Reinvent Yourself by James Altucher. While that comic taught me a life strategy, James Altucher’s post gave me the tools to get it done more efficiently and effectively

Breaking the Good from the Bad

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We had the chance to have a quick chat to Professor Saul Estrin a professor of business and management at LSE, he gave us the academic side to business planning and start-ups. Despite his academic background, Saul presented us with solid advice particularly for students wanting to start their own business. He wasted no time on small talk and went straight to the point, letting us know the Do’s and Don’ts according to a highly knowledgeable professor. Here’s what he laid on the table for us;

How can students that want to start their own businesses begin getting noticed?

I will say there is no limit to the networking you have to do. You have to be present in every fair, every talk and gathering it’s crucial to be in the know.

What for you is the most important aspect of the business plan or starting a business?

Well I’m not a venture capitalist so I don’t have to put my money where my mouth is, but I would say that the quality of the business model is important and whether the idea is a real opportunity. See my answer will differ at different stages, so this applies to students or people in the early stages of their business. However my answer would be different for already existing businesses.

When pitching an idea what do you think is crucial for the presenters to do/ or not do?

I can tell you academically I would be looking for different things. The obvious do’s and don’ts are one of them. So for example: if it’s sustainable from competition. It has to have something that prevents the idea from imitation, has to have something that cannot be taken. Another thing is that venture capitalist people give money to the person not the idea itself. They put faith in that person that presents the idea so it’s important to be a brand in yourself. During pitching investors will pick holes in your plan so the obvious mistakes to avoid are making sure the numbers add up, allot of students come up with plans and their numbers don’t add up. You must justify every number, check your facts if they don’t come together, and if they find out that facts are wrong you’re finished.
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