Pitching our business idea to a panel of professional judges was nerve-racking. This might be due to the fact our product was still at the prototype stage. Nevertheless, the presentation was also an opportunity to test our business idea and gather as much feedback as possible.
Furthermore, our prototype product (chopstick trainer) accurately demonstrates the key features and functionality of the final product.
The team main objective is to let the judges quickly understand what we do and be excited about it with a well thought out presentation.
Our product strategy from start has always been creating a product which is “simple”.
We took our time in class to work on the product value preposition. Its was imperative we clearly communicates the benefits of our product to a potential end users. As Chris Guillebeau once said in the $100 Startup, “a business ultimately succeeds because of the value it provides its end users, customers, or clients.”
During our presentation we were able to:
- Describes the problems solved by our product.
- We explain the benefits the end users will derived from our product.
- Lastly, we categorically spell out how our product differs from the competition.