Well done us! I think you two did better pitches than the ones you practiced!
So, basically, Pete simply said that we should remember to succinctly cover the main points - client background (in a brief, but clear way), define the problem (in a neutral, euphemistic way), propose the solution (clearly defining benefits and showing enthusiasm) and finally imposing a course for further action.
Once again, we have 8 minutes for the final presentation, and I think the practice in the study room was VITAL this time and should be done again; more than just the once.
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