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What is Elevator Pitch? - Entrepreneurship

Short Note

 What is elevator pitch?

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Solution

Elevator pitch is a three minute summary of the business plan’s executive summary. This is used to awaken the interest of potential funders, customers, or strategic partners.
It is common for start-ups to have three or four formats as follows for the same business plan and elevator pitch is one of it. .

Concept: Business Plan
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APPEARS IN

CBSE Class 12 Entrepreneurship Textbook
Chapter 2 Enterprise Planning
Short Answers (50 words) | Q 2 | Page 88
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