Learning from Mistakes: The Value of Every Pitch

If you are going to be successful in business, you will need to learn the art of the pitch. Whether you are trying to sell an idea to your boss, to an investor or to someone who may be able to help take your idea to a higher level, you need to do so effectively. To learn how to do so effectively, you need to learn from both your successes and your failures from each pitch.

Don’t Make the Same Mistake Twice

Making a mistake once can stall your career or keep your idea from reaching its true potential. Making a mistake more than once could ruin your reputation or make it unlikely that you will be taken seriously by decision makers in the future. Each time you make a pitch, you need to ask for feedback that you can use in your next pitch. For instance, if an investor felt like he or she was ignored after asking a question, you will be sure to give each person your full attention in future pitches.

You Only Gain Confidence With Experience

The first time you rode a bike, there was a good chance that you fell off. The first time that you tried to walk, there is a good chance that you fell down. Therefore, it stands to reason that the first time you pitched an investor or any other decision maker, you probably let your nerves get to you. As you learn how to talk to your audience and gain more confidence being in front of an audience, you will become better at pitching, which will make you better at it.

You Never Know What Someone Will Be Interested In

Even if the person who you are pitching isn’t interested in your main idea, there may be another idea or concept that this individual is interested in. If you don’t have enough experience pitching ideas, you may give up or become discouraged too easily when the main idea isn’t embraced. However, with time, you will learn how to salvage your pitch or at least learn how to take the word no with grace and professionalism.

The best way to get better at pitching to others is to do it as often as possible. Although you may not be successful each time that you pitch, you should learn from your mistakes to make sure that you do not repeat them in the future. You can do this by soliciting feedback whenever possible or by taping your speeches to learn more about what you may have done right or wrong during your presentation.