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The Michele Romanow Guide to Investor Pitches | PROFITguide.com

Business owners and founders having trouble getting the funding they need seem to be forgetting an age-old adage: Practice makes perfect.

A recent study by Intuit Canada found that 44% of Canadian entrepreneurs have been turned down by an investor. Up to 68% don’t have a cash flow statement on hand when they pitch, while 35% don’t prepare a business plan at all. One in 10 reported that, when it comes to a meeting with an important investor, they don’t prepare anything at all.

That’s a serious problem says Michele Romanow, serial entrepreneur, frequent angel investor, and the youngest of the stars of CBC’s Dragons’ Den. “Practice, practice, practice,” she intones, cautioning young business-starters against the idea that they can make things up on the fly.

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