Welcome back to Business English Pod for today’s lesson on preparing for a pitch in English to investors.
It’s easy to look around at the economy today and applaud the tech companies that made it big. But for every success, there are a hundred failures. Anyone who’s founded a startup or worked for one knows that new businesses face a lot of uncertainty and a world of challenges.
In this economy, the success of a startup depends on many factors. If you can learn to navigate the challenges, or to see them as opportunities, then you too might make it big. One important factor in startup success is good mentorship. There’s a strong tradition of established business people helping young entrepreneurs find the path to success.
And one of the most important opportunities a mentor can help you with is preparing for your first pitch to potential investors. If there’s any time that you should learn to take advice, it’s at this point. An English pitch to investors can make or break your company. And good preparation, as any mentor will tell you, is key.
Working with a mentor depends on you being open to input. That might mean accepting critical opinions and admitting your own weaknesses. But if you can do this, then you’ll be able to use your mentor to bounce ideas off, and to ask directly for help with challenges.
In today’s dialog, we’ll listen to a conversation between Quinn – a young entrepreneur – and Kira, his mentor. Quinn is getting ready to pitch his online payments startup to a potential investor. And we’ll hear how he learns from his more experienced mentor.
1. What strong opinion about his pitch does Quinn have to accept?
2. What weakness does Quinn admit to?
3. What challenge does Quinn ask Kira for help with?