This past week, I was fortunate to attend the Black Enterprise Entrepreneur’s Summit. The first major event was the ‘Going Up’ Elevator Pitch contest where 10 finalist were given 60 seconds to pitch their dope business idea.
As the contest progressed, 10 finalists were trimmed down to four, and then down to one winner who won $10,000 for her business idea – Pop-up boutiques and online store for full-figured women. During the contest, the judges and the host gave each contestant and the audience feedback as to what to include/exclude and overall tips on how to improve their pitch.
I’ve done pitch contests before and I think it’s very good idea to compete if you have an idea for a couple of reasons:
- Constructive feedback that you can use for business development
- Networking opportunites and free publicity for your business idea
- Free money that’s not tied to investor percentages or performance results if you win
Based on my own experiences, and the tips given out during the Black Enterprise elevator pitch contest, check out my post on AT&T’s Business Circle site detailing…