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BEP 366 – English for Startups 3: Addressing Investor Concerns

Advanced, Business English, IT and Computers, Presentations / November 1, 2020

Welcome back to Business English Pod for today’s lesson on addressing investor concerns during a pitch in English.

One of the greatest skills in business is the art of persuasion. Whether you’re running a startup and wooing a big investor or trying to convince your boss to give you a pay raise you need to be able to persuade.

Of course, we often use a pitch or presentation to persuade, especially when looking for startup investment. But the pitch alone won’t seal the deal. The real test is handling questions and concerns after your pitch. Can you anticipate these concerns and be ready to address them? Can you think and speak on the fly? Do you have the confidence to back up what you’ve said in your presentation?

There are several concerns you might have to address. For one, you may have to explain exactly why your idea is unique. And you might also have to show clearly that you’re committed to the idea. One common investor concern is the valuation, or how much you think the company’s worth. You’ll need to justify your valuation clearly, and explain what you’ll do with the investor’s money. And through it all, you’ll be trying to show why you are backable, or deserve the investor’s support.

In today’s dialog, we’ll rejoin Quinn, who is seeking investment for his online payments company called Moolah. In our last lesson, Quinn gave his pitch to the investor. Now he has to address some tough questions and concerns from a potential investor named Mason.

Listening Questions

1. What does Quinn believe shows that he’s fully committed to the company?
2. What exactly does Quinn plan to do with the investor’s money?
3. Why does Quinn believe he is backable on a personal level?

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BEP 365 – English for Startups 2: Pitching to Investors

Advanced, Business English, Persuasion, Presentations / October 20, 2020

Welcome back to Business English Pod for today’s lesson on pitching in English to investors.

The world of tech startups can be extremely exciting and rewarding. But success is certainly not guaranteed. In fact, 90% of new ventures that don’t attract investors within the first three years will fail. So if your company has made it through the valley of death, and you’re burning through cash but don’t have any revenue, then you’d better make sure you’ve got a great pitch to potential investors.

In just 10 to 20 minutes, you need to convince investors that they should risk their money on you. Or, more accurately, why they should risk their money on you instead of on the thousands of other companies they could invest in. It’s hard to think of a higher stakes presentation than a pitch to investors. So what will increase your chances of success?

Well, you need to talk about the problem that your product solves, and how your product is truly unique. Of course, in the startup world, timing is everything. So you need to be able to show there’s a market for what you’re offering. And a good startup isn’t just about a good idea, it’s about a solid revenue model. So you’ll need to explain that clearly. It’s also smart to sit down and think about what questions investors might have, and answer them before they have to ask them!

In today’s dialog, we’ll listen to a presentation by Quinn, who founded an online payments company called Moolah. In our last lesson, we heard Quinn preparing for his pitch with the help of a mentor. Now it’s showtime, as Quinn delivers his pitch in the hopes of attracting investment.

Listening Questions

1. What is the problem that Quinn identifies at the start of his presentation?
2. Who is Moolah’s target audience?
3. What question does Quinn anticipate the investors might have?

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BEP 364 – English for Startups 1: Preparing for a Pitch

Advanced, Business English, ESL Podcast, Training / October 10, 2020

Welcome back to Business English Pod for today’s lesson on preparing for a pitch in English to investors.

It’s easy to look around at the economy today and applaud the tech companies that made it big. But for every success, there are a hundred failures. Anyone who’s founded a startup or worked for one knows that new businesses face a lot of uncertainty and a world of challenges.

In this economy, the success of a startup depends on many factors. If you can learn to navigate the challenges, or to see them as opportunities, then you too might make it big. One important factor in startup success is good mentorship. There’s a strong tradition of established business people helping young entrepreneurs find the path to success.

And one of the most important opportunities a mentor can help you with is preparing for your first pitch to potential investors. If there’s any time that you should learn to take advice, it’s at this point. An English pitch to investors can make or break your company. And good preparation, as any mentor will tell you, is key.

Working with a mentor depends on you being open to input. That might mean accepting critical opinions and admitting your own weaknesses. But if you can do this, then you’ll be able to use your mentor to bounce ideas off, and to ask directly for help with challenges.

In today’s dialog, we’ll listen to a conversation between Quinn – a young entrepreneur – and Kira, his mentor. Quinn is getting ready to pitch his online payments startup to a potential investor. And we’ll hear how he learns from his more experienced mentor.

Listening Questions

1. What strong opinion about his pitch does Quinn have to accept?
2. What weakness does Quinn admit to?
3. What challenge does Quinn ask Kira for help with?

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925 English Lesson 36 – Ending a Phone Call

925 English, A2, Business English, English Video, Telephone English / September 27, 2020

In today’s 925 English video lesson, we’re going to learn how to end a phone call in English.

Last time, we looked at lots of useful expressions for answering the phone and starting a call. But what about ending a call? If you’ve finished your conversation, what can you say to end the call politely?

Well for starters, one thing you want to avoid is just suddenly saying goodbye. To end a business call professionally, there are three simple steps to follow. First you signal that you want to end, secondly, you review your action points, and finally you say goodbye.

925 English is a new series of English video lessons for beginners (CEFR level A2). With 925 English you can learn business English expressions and phrases for work.

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BEP 363 – English Idioms for Strengths and Weaknesses (2)

Business English, Business English Vocabulary, Business Idioms, ESL Podcast / September 15, 2020

Welcome back to Business English Pod for today’s lesson on business English idioms related to strengths and weaknesses.

Job interviews, performance reviews, hiring decisions, promotions, pay raises… what do all of these important aspects of work and business revolve around? Well, one major theme is people’s strengths and weaknesses. If you can’t assess strengths and weaknesses very well – either your own or other people’s – you’re bound to make some bad decisions.

So it’s no wonder you hear so many business conversations about what people can and can’t do, or what they’re good at and what they’re not good at. And in these conversations, you’re bound to hear lots of idioms. English has tons of expressions for talking about strengths and weaknesses. And in today’s lesson, we’ll take a look at some of these business English idioms.

In the lesson, we’ll rejoin a conversation about hiring a new communications director at a mining company. Three managers are talking about the strengths the new director will need, as well as the weaknesses of the previous director, which they want to avoid. They use many useful English idioms during their discussion.

Listening Questions

1. What type of attitude does Annette say the new communications director needs?
2. What type of person does Drew think they need to deal with controversy?
3. At the end of the dialog, what kind of person does Annette say they should avoid?

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