{"id":17194,"date":"2023-10-12T13:27:09","date_gmt":"2023-10-12T13:27:09","guid":{"rendered":"https:\/\/mysourcefunding.com\/funding\/funding-rises-but-50-of-smes-are-burnt-out-by-the-process\/"},"modified":"2023-10-12T13:27:12","modified_gmt":"2023-10-12T13:27:12","slug":"funding-rises-but-50-of-smes-are-burnt-out-by-the-process","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=17194","title":{"rendered":"Funding rises, but 50% of SMEs are burnt out by the process"},"content":{"rendered":"
\n

Over four in five entrepreneurs believe that the shift to remote funding rounds in our new era of <\/span>remote and hybrid working<\/b> has opened new growth opportunities, according to a recent poll conducted by <\/span>Pitch<\/b>, a collaborative presentation platform.\u00a0<\/span><\/p>\n

The surge is attributed to a growing confidence in remote <\/span>fundraising efforts<\/b>, with 61% of respondents highlighting its positive impact. However, while this shift brings new prospects, it also exacts a toll on <\/span>the well-being of business leaders<\/b> and their teams.<\/span><\/p>\n

Key insights<\/h3>\n

Remote revolution:<\/b> 80% of participants agree that remote pitching has opened doors that were previously closed to them, setting the stage for exciting opportunities.<\/span><\/p>\n

Team well-being takes a hit:<\/b> while businesses remain optimistic about <\/span>funding rounds<\/b>, their owners acknowledge the toll this process takes on their teams. A significant 75% believe that current economic conditions such as <\/span>the cost of living crisis<\/b> adds extra pressure.<\/span><\/p>\n

Burnout beware:<\/b> more than half (53%) of owners have either personally experienced stress or burnout or witnessed it within their teams while seeking <\/span>venture capital<\/b>. This has led to various consequences, including <\/span>team members taking paid time off<\/b> (34%), being medically signed off (27%) or <\/span>leaving the company altogether<\/b> (28%).<\/span><\/p>\n

Overcoming the challenges<\/h3>\n

Business leaders are beginning to adapt to these changing dynamics. A significant 79% of leaders admit that more frequent remote pitching has prompted them to rethink their approach. Respondents also acknowledge the need to enhance their remote presentation skills, with 78% finding it more challenging to engage audiences remotely and 82% recognising the increased importance of <\/span>structuring their pitch right<\/b>.<\/span><\/p>\n

Sarah Kiefer<\/b>, Chief Marketing Officer at Pitch, notes:\u00a0<\/span><\/p>\n

\u201cFor many entrepreneurs, the move to remote and hybrid working is a double-edged sword.\u00a0<\/span><\/p>\n

While the shift in working patterns has undeniably opened up opportunities to reach new potential customers and backers, it has also created friction as firms adjust.\u201d<\/span><\/p>\n

The return of in-person pitching?<\/h3>\n

After a few years of disruption, in-person pitching has reestablished itself as the default format for fundraising pitches. When given a choice, 51% prefer to pitch in person, compared to 31% favouring remote options and 16% having no preference.<\/span><\/p>\n

However it seems the best option here would be to have a balance, as 71% point out that a return to in-person pitching exclusively would trigger immense anxiety among their teams, particularly among their <\/span>Gen Z workforce<\/b>.<\/span><\/p>\n

Kiefer\u2019s concluding thoughts were:\u00a0<\/span><\/p>\n

\u201c<\/span>Pitching to secure funding<\/b> is as crucial as ever for a successful entrepreneur, but continued economic uncertainty means success cannot be taken for granted.\u00a0<\/span><\/p>\n

While there are reasons to remain confident, businesses planning funding rounds should ensure their <\/span>business plan<\/b>, tools and processes are giving them the best possible chance of success.\u00a0<\/span><\/p>\n

It’s a high-pressure game, and securing investment is <\/span>a team effort<\/b>. Without a sustainable approach that prioritises team welfare, business leaders may find themselves facing burnout and high turnover rates.\u201d<\/span><\/p>\n

Conclusion<\/h3>\n

The world of pitching and fundraising is evolving rapidly, with remote and hybrid options becoming more prevalent.\u00a0<\/span><\/p>\n

For entrepreneurs and small business owners, it\u2019s important to strike a balance between seizing new opportunities and safeguarding their team’s well-being to navigate this new and challenging landscape successfully.<\/span><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over four in five entrepreneurs believe that the shift to remote funding rounds in our new era of remote and hybrid working has opened new growth opportunities, according to a recent poll conducted by Pitch, a collaborative presentation platform.\u00a0 The surge is attributed to a growing confidence in remote fundraising efforts, with 61% of respondents […]<\/p>\n","protected":false},"author":1,"featured_media":17195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[68],"tags":[],"class_list":{"0":"post-17194","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-funding"},"yoast_head":"\nFunding rises, but 50% of SMEs are burnt out by the process | Brandiary<\/title>\n<meta name=\"description\" content=\"Over four in five entrepreneurs believe that the shift to remote funding rounds in our new era of remote and hybrid working has 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