Hello Offcut team
Great to see your pitch on Monday, some feedback for you to consider for the final presentation:
- Great problem section, for florists and the environment
- As it is a similar model to Misprint, I can see easily how this would work.
- You service journey could be simplified to even half the amount of steps, keep with the most important ones: bin drop off, bin collected, turn plant matter into paper, sell back
- I think your costings are focused on the wrong parts first off, do you need uniforms, all those bins?
- Your 'one off' costs on your one pager are mostly recurring costs, eventually you will need more stickers, more bins, more business cards. One off costs are things that are bigger like the printing press.
- I would probably double your monthly recurring costs. There's a lot of hidden ones, like internet, stationery, packaging for your paper, etc.
- Your business model may need a little work. Maybe cover the cost of the bin in the rental, so it pays itself off over a month?
- Cost your products made carefully, hand made paper is very expensive to make in terms of labour costs.
- What happens to the plants you can't use?
- Good to see a growth plan, but think more broadly, could you expand to other "Offcuts"?
General notes I will be sending to everyone:
- Learn your pitch so you can speak confidently with no notes. Keep you sentences clear, simple and short with slow pacing so you don't have to remember heaps. Practice at least 5 times.
- Your slides should have the info that makes you look really good, without making things up. What data tells your story the best?
- Iterate your pitch, perhaps practice in front of other teams and give each other feedback. What didn't come across? What worked really well?
- What do you want people to remember about you? this should be on the slides.
- A link to a confident pitch here
- If you are really stuck for slides, here is a list of what the standard pitch deck should consist of. This can be changed or rearranged depending on how you are telling your story. You could also use the business model canvas as a base.
- Here is a good article from a startup accelerator about the segments of your business and how to pitch them
- And finally, here is probably the most enthusiastic pitch ever. Just for fun, but also shows how passion can make a difference!
Let me know if you have further questions. I am away next week
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