The concept of the Elevator Pitch is borne from the idea that if you met an investor on an elevator and only had 30 seconds to pitch your business‚ what would it sound like? In fact 30 seconds is about as much attention as you are going to get from an investor to begin with‚ so thinking in that time frame makes a lot of sense. The formula for the perfect Elevator Pitch involves three ingredients - the Problem‚ the Solution‚ and the Market Size. The Problem Every great company starts by solving
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Elevator Pitch Good morning‚ We welcome you all to our presentation. I am ..... and this is ..... and we work at the Waterless washing machine company. We will give you a short presentation about our product the waterless washing machine. The presentation will take a few minutes of your time. First .... will tell something about the problem statement and the solution. After that I will tell something about the unique selling points. Then .... will tell something about the price and the expected
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Elevator Pitch You are standing at an elevator‚ waiting. The person you want to pitch your short-term financing proposal to walks up and stands beside you. You introduce yourself and say that you are getting ready to pitch them. They give you the Oh-and-why-should-I-pay-attention-to-you? Look. The elevator doors open and you both enter. You have about 45 seconds to capture their attention and give them a set of reasons to pay attention. This is called an elevator pitch and you must‚ at all times
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Dear Mr. Rodriguez‚ Five weeks ago‚ on February 14th‚ I placed an order for double glazed‚ made to order‚ oak French doors‚ for my client over the telephone. When they arrived five weeks later I was surprised to find out that the doors had been cut to small. Instead of measuring 11 feet 8 inches wide as I specified‚ the doors measured 11 feet 4 inches wide. My client wanted the doors installed immediately‚ so I had to pay my carpenter $376 to rebuild the opening. Seeing as I am a long standing
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Elevator Pitch Qdoba was founded in 1995 in Denver‚ Colorado and began franchising in 1997. Jack in the Box Corporation then acquired Qdoba in 2003. It is a franchise that is known as a Mexican Grill. Qdoba has grown to have around 650 locations throughout the United States and is looking to expand north into Canada. It offers multiple selections‚ such as tacos‚ burritos‚ nachos‚ salads‚ and quesadillas. They focus their attention on the individual ingredients and work these ingredients to perfection
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Car-sharing & Zipcar Back in 2000‚ in lieu of overcrowding in the US car rental market‚ Zipcar implemented a blue ocean strategy and established its car-sharing business as the dominant alternative to car ownership. Compared to car rentals firms that charge users on a per day basis‚ Zipcar offers users the flexibility of deciding the number of hours and distance of car usage. In addition‚ unlike car rental firms which require customers to pick up the cars from their offices‚ Zipcar allows members
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Zipcar: “It’s Not about Cars – It’s about Urban Life” Zipcar’s service is the benefit of having a car‚ without actually owning one yourself. Zipcar first started out with the focus on the green-minded customers using promotional pitches such as “We <3 Earth.” It wasn’t long before CEO Scott Griffith decided to expand the service to urban customers living in cities too big to own a car‚ but still needed a reliable‚ comfortable‚ and stylish way to get around. Zipcar strategically places its
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Porter’s five forces applied to Zipcar Threat of new entrants: Potential new entrants include existing car rental firms‚ companies that currently supply cars to car-sharing businesses (such as Volkswagen)‚ and new start-up car-sharing ventures. As Zipcar is operating in only Boston‚ there are opportunities for new entrants (with sufficient resources) to establish themselves as dominant car-sharing service providers in other cities. This threat to the profitability of Zipcar’s planned future expansion
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Zipcar Case Study 2 — Zipcar Zipcar was an answer for customers who want to rent a car for a few hours in their home city‚ rather than for a few days from a traditional rental agency. Car reservations were for a specific pick up time and location around the city‚ often in neighborhoods so the customers need only to walk to pick up their reserved car. Customers applied for a Zipcard‚ which enabled them to reserve a car online and unlock their car when they arrive at the car’s location. The company
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the business model‚ which we believe require immediate attention. a) Initiation fees and security deposit: We believe that you need to waive off the initiation fee and security deposit‚ as convenience and cost savings are the main value drivers for Zipcar. We do realize that the deposit is currently essential for Zipcar’s operational structure‚ however‚ the benefits of waiving the fee can be realized through a larger membership gain. This new structure meets the needs of your target group‚ which are
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