The Business Dictionary ("Elevator Pitch," n.d.) defines an elevator pitch as "a very concise presentation of an idea covering all of its critical aspects, and delivered within the duration of of an elevator ride." Practicing an elevator pitch will allow you to show the value of your idea without rambling on and on. By preparing an elevator pitch you not only have a script to use, but ensures you will only include the most important aspects of your business idea.
Saint Louis University offers the unique opportunity to participate in an elevator pitch competition. Five years ago they started their competition with real students and real pitches in the second tallest building in Missouri, the One Metropolitan Square skyscraper. To summarize you must submit a youtube video of you explaining your idea in 30 seconds. If you're selected to move on you will get the opportunity to ride up the skyscraper with wealthy judges. Even if you don't win the competition you can meet important business contacts. Check out the site for more information if you are interested.
References
What is elevator pitch? definition and meaning. (n.d.). Retrieved April 07, 2017, from http://www.businessdictionary.com/definition/elevator-pitch.html
Excellent post on the production of the elevator pitch. Well done! JM
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