Keep it short and sweet with your lift pitch


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When I first started working, I managed an internal staff bulletin that featured new team members. The section was called “30 seconds in the lift with …” and I literally had to get in an lift with my new colleague, and ask them brief questions about their background. It was interesting to see the new recruits answer so quickly and succinctly. By the time the 30 seconds was over, I had in hand a mini-biography of them. Talk about time efficiency.

A couple of years later when I started my communications and marketing consultancy, I was often in the spotlight, in what business people like to call a “30-second lift pitch”. At networking events, I had to provide a brief background about what I do in a matter of seconds. Those few seconds, however, are extremely crucial. You never know who the person in front of you could turn out to be.

They could be your next potential client, or someone you could work on an exciting project with.

An lift pitch is a 30-second summary to the question: “what do you do?”

I used to feel reluctant to answer that question, not because I did not want to, but because I didn’t think I could summarise it in 30 seconds. However, with time I realised how fruitful those few moments could be for my business.

I have seen lift pitches go down the drain because business owners did not describe their businesses in the right way. In some cases, I’ve had to pitch for myself and a friend, because I did not want her to miss a great opportunity or fail to identify her business properly.

The reason many lift pitches do not work in the best interest of the business owner is because they describe exactly what they do. In other words, they state what their job title is such as: “I’m a fashion designer and I started my line two years ago”.

How does that make you stand out from the crowd? With so many designers out there, a better pitch would be: “I’m a fashion designer specialising in costume design, one of the few in the country, and theatres X, Y, and Z are my clients.”

This would not only will spike someone’s interest, but could also land you an opportunity. It would also show how passionate you are about what you do.

So how could you deliver an interesting lift pitch?

Start with an interesting factoid: you could say something along the lines of: “So you know the number of PR agencies run by Emiratis is X?” Or, if you are a landscape architect, you could say: “There are only seven landscape architect companies in Abu Dhabi — can you believe that?”

The next step is to follow up with what you or your company actually does. To continue with the example above, you could say: “We specialise not only in landscape architecture and design, but we are also the sole provider of furniture X that is made entirely of recyclable materials.”

The last and final stage would be to highlight what makes you different to other providers out there. What is your competitive advantage? Why would anyone be interested in what you have to offer?

Using the same example again, your pitch would sound like this: “There are only seven landscape design companies in Abu Dhabi, can you believe that? We specialise not only in landscape architecture and design, but we are also the sole provider of furniture X that is made entirely of recyclable material, which is sustainable to Abu Dhabi’s environment. Also, we provide corporate rates with a discount of up to 30 per cent, and a complimentary garden design is offered with each furniture set bought.”

This is how simple a pitch can be. Practice your pitch a few times, and you will be more than ready to answer the “What do you do?” question. In fact, you might be even look forward to it.

Manar Al Hinai is an award-winning Emirati writer and communications consultant based in Abu Dhabi. Twitter: @manar_alhinai.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.

The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.

Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.

The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.