Angel Audits – Fix Your Massively Flawed Financial Projections BEFORE You Pitch Angel Investors
Are Angel Investors Laughing With RIDICULE At Your MASSIVELY Flawed Five-Year Financial Projections For Your Startup Company?
Your startup is in major jeopardy – both from not being able to raise your funding but also because you’re going to run out of money and runway much sooner than you think – Making your business plan all but worthless.
All of this was probably caused by you making an early-on MICRODECISION that seemed so right at the time – and now it is JEOPARDIZING everything about the future of both you and your startup company.
The purpose of the above TUTORIAL VIDEO is to teach you what you need to know so that you and your company are taken seriously once you change the driving assumptions for your financial projections so they are both achievable and believable – And acceptable in the eyes of prospective angel investors.
Be sure and watch this entire tutorial to the end because I’m going to cover over TWO DOZEN very specific items that you need to consider changing on your current financial projections before you show any of your documents to prospective investors!
Testing 1 2 3. Can You Hear Me Now?
TURN ON YOUR SOUND or you will MISS OVER 85% of this content-rich tutorial which includes over two dozen very specific, pivotal suggested changes to your current financial projections!
What I Learned from Reading Over 5,000 Business Plans and Financial Projections
Based on my 4.5 DECADES of raising investor capital from angel investors – and my review of more than FIVE THOUSAND business plans and their financial projections, I have seen uncountable mistakes that absolutely kill the company’s chances for any success at raising investor capital.
More than 98% of those 5,000-plus companies I just mentioned – totally missed the mark when it came to their business plan focus, their business model and almost all of these left out three critical slides in their pitch deck.
This extensive data set means that you too probably have a 98% risk of having massively flawed financial projections!
However, one outrageous set of financials came across my desk last week that compelled me to stop just about everything that I was doing and produce what I hope is going to be a pivotal tutorial and give back to so many other entrepreneurs who are struggling with their own startup companies.
Details about this outrageous set of financials are described in the video.
Too Many Companies Make a Bad Microdecision That Ends up Killing Their Company.
The major problem is that most startup companies mistakenly try to save money by getting their business plan and financial projections done by hiring the cheapest possible talent.
I get it. Money is tight for almost every startup company and you want to make your cash last as long as you can. So you make a quick microdecision to go with the cheapest bid you can find to get that part of your fundraising package checked off the list. Besides, those are just a bunch of numbers that you may not understand anyway.
All the while, you do not realize that this one “simple” microdecision is going to have dire and lethal unintended consequences that will probably kill your company – just because you wanted to save a few dollars in the worst possible place.
Cheap talent has learned how to use cheap software and templates to spew out dozens of pages of projections to be quickly slapped into a business plan.
The problem is that this cheap talent, almost always, has zero concept of the fundamental metrics associated with your niche and your industry. and no insights into the near infinite multitude of hidden nuances required to actually start and run a company – Including what is required to actually raise Angel Investor capital from real human beings.
Often, this cheap talent chooses driving assumptions that generate projected, desired metrics – including “hockey stick” revenue gains with absolutely no concept of what’s required, expense-wise, personnel-wise, timing-wise, cash balance-wise and execution-wise, to generate those results.
Garbage In. Garbage Out. Garbage projections based on garbage-driving assumptions rarely get funded.
If the driving assumptions for your five-year financial projections are bad or bogus, the formula-derived projections are at least equally bad or bogus.
And EVERY number that relates to your monthly cash flow AND your monthly cash balance is wrong.
All of this also means that your calculation for how much investor capital is needed is completely wrong. This means even if you’re successful in raising the capital that you think you need, you’re probably going to have days and nights of panic once you realize what you promised investors does not match reality.
WATCH THE WHOLE ABOVE VIDEO WITH THE SOUND TURNED ON SO YOU DON’T MISS A THING!
My hope is that this tutorial makes its way to the eyes and ears and brain of some of those entrepreneurs with all those organs open enough to benefit from the dozens of insights I’ve shared here about raising investor capital that I’ve learned during the last 4.5 decades.
My Two-Tier Financial Focus With Angel Audits & How It Provides You Critical Help
Due to incredibly popular demand, I am offering startup company CEOs a new, very cost-effective, critically needed fixed-priced service: Angel Audits.
I’m doing this, mostly as a public service as my way of giving back to my fellow entrepreneurs, because a vast majority of all startup companies are absolutely killing their chances to successfully raise Angel investor capital that is pivotal to their success – all because they have MASSIVELY screwed up their financial projections and don’t even know it.
These self-inflicted wounds are almost always fatal to any future for these companies. My goal is to offer a very affordable solution that can GREATLY improve your chances for success in raising your Angel investor capital.
Let me quickly explain how my Two-Tier Financial Focus With Angel Audits provides you with critical help.
Firstly, I help you ensure that your business model and financial projections much more accurately estimate the future of your company.
I give special emphasis to revenues, expenses, personnel and startup costs and their timings so that cash flows and rolling cash balances are more accurately projected.
I’m also looking for the near-infinite number of typical, startup company deal-killer blunders that most entrepreneurs seem to include in their five-year projections. Many of these have nuances galore that take my massive experience with angel investors to spot – and to know how to best exchange bad driving assumptions for believable and achievable driving assumptions.
By using Angel Audits, the amount of capital you ACTUALLY need from angel investors will be much more accurately identified.
Too many startup companies only very badly guess how much investor capital they need. Angel investors can spot this very quickly and it almost always destroys any confidence prospective investors have with any of your numbers – along with having them immediately question the capabilities of the startup company CEO.
By using Angel Audits, your company will also have a SIGNIFICANTLY better chance of avoiding bankruptcy because you ran out of cash much sooner than you imagined would be possible.
What a great idea!
Secondly, by accomplishing the first goal you and your company will be SIGNIFICANTLY better postured to be more positively impactful, motivating and enticing when presented to prospective Angel investors – Oh, and so that Angel investors don’t IMMEDIATELY trash your whole pitch within two minutes due to your obviously bad projections!
The really frustrating part about this result is that the angel investor never takes the time to drill down on your vision of your company and its products and services – and how beneficial they can be to your target audience and the kinds of real profits that can be earned.
I get it. The angel investors can end up with 200 new deals a day, or even more, with pitch decks and financial projections from other entrepreneurs touting their deals and directly competing with you for the angel investors’ time and their limited investment dollars.
Angel Audits helps you rise above all that competitive noise so that your story can be heard.
All things considered, especially ALL things currently being risked, can you afford NOT to immediately grab ALL these benefits of Angel Audits as significant, VERY AFFORDABLE INSURANCE against some of the multitude of downsides you and your company face without this GREAT very affordable service?
The Three “Whats” For Angel Audits
What I Personally Do for You: I review your financial projections and their driving assumptions. I also review your business model. I review these the same way they’re going to be viewed by prospective angel investors.
What You Get from Angel Audits: You will receive my written analysis of your driving assumptions and projections – and your business model. I also include detailed, written recommendations for changes to these that I believe will greatly enhance the believability and achievability of your five-year financial projections for Angel investors. I also do this so that you have much better estimates for your absolutely critical cash flow and rolling cash balance.
(Nota bene: I do not make changes to any of your financial projections or to any of your documents. Instead, I give you narrative instructions for what I recommend that you do to fix your financials and/or documents.)
If you implement my recommendations, your improvements to your numbers and business model will probably do a much better job standing up to the skeptical scrutiny of prospective investors.
Oh, and it may massively help prevent you from running out of money and going out of business. Most startup company CEOs might consider that those are pretty good secondary benefits.
What Are My Qualifications for Helping You With This Audit: I have 45 years of professional experience working with angel investors – both from 15 years with my own real estate, software and financial companies – and from my experiences with several thousand startup companies during the past three decades of consulting.
This angel investor experience with my own companies included raising approximately $34 million via 44 separate Reg D 506 private placement offerings for my real estate syndications, my startup software company that eventually went public and my financial services company to purchase distressed loans from the RTC and FDIC.
These private placement fundraising efforts were funded as a result of my direct solicitation of over 20,000 angel investors – and my successful closing of approximately 1,200 of those angel investors and one venture capital group.
Additionally, I was the Founder, CEO and Chairman of Goodman Securities, Inc., a direct participation broker-dealer and member of the National Association of Securities Dealers, Inc. (NASD) and the Securities Investor Protection Corp.
My sole focus with Angel Audits Is to help you ensure that your business model and financial projections will be better postured to be more positively impactful, motivating and enticing when presented to prospective Angel investors – And also so Angel investors don’t trash your whole pitch within two minutes since they really can find the holes in your numbers that quickly.
Introductory Pricing – For A Very Limited Time Only
Introductory Pricing for the Chief ImpleMentor Angel Audits:
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Standard Service, for an approximate 10-business-day turnaround is only $695.
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Priority Service, for an approximate 5-business-day turnaround, is $995.
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Top Priority Service, for an approximate 2-business-day turnaround, is $1,595.
These prices and terms are subject to change without notice.
Both Priority Service and Top Priority Service also include a review and my recommendations for changes regarding your current pitch deck with the goal of making it more receptive and enticing for prospective angel investors.
Top Priority Service also includes, at no extra charge, a second, detailed review of your financial projections, their driving assumptions and any updated pitch deck after you have implemented my first round of recommended changes.
If you anticipate wanting me to review your changed numbers and changed pitch deck, Top Priority Service is definitely your best choice.
Note: Neither Standard Service nor Priority Service includes any secondary or subsequent reviews of your information without payment of a new review fee.
If you anticipate wanting me to review your updated numbers and updated pitch deck faster than the Standard 10 workday turnaround, then Top Priority Service is definitely going to be your best, most cost-effective option.
You might wonder why a full new review fee is required when only a few changes were made to the driving assumptions. The answer is that even one relatively small change to a single driving assumption can propagate to virtually every critical number in your financials – especially your all-important cash flow numbers, breakeven analysis, cash balances, etc. As a consequence, I need to check all of your numbers again to see if the small changes you made in the driving assumptions have created additional issues for you.
Remember, the Top Priority Service includes a second detailed review of everything for no extra charge and two reviews of your pitch deck.
Prospective investors are too hard to find – you do not want to waste a single opportunity having bogus numbers that will be immediately rejected by even a single angel investor – and you certainly don’t want to have bogus numbers that may be the kiss of death for your company.
How fast do you need your flawed financial projections fixed?
The sooner we start – the sooner it’s done!
What About The Other Dozen Documents To Legally Raise Angel Investor Capital?
I can also help you properly review or create the rest of the absolutely essential Dozen Major Documents that will be required if you hope to successfully raise investor capital.
Certain documents are required in order to be legally compliant with both state and federal securities laws In the United States.
Optionally, you can also GREATLY improve your chances for success with angel investors EVEN MORE by having me review (or better yet, have me create from scratch) ALL of your dozen documents including your detailed five-year financial projections, your entire business plan, pitch deck, executive summary, investor website and offering documents, etc. – along with hiring me to manage your entire Angel Investor fundraising.
Need Your Detailed Five-Year Financial Projections Created from Scratch?
Please Check out Deviled Details – A Highly Cost-Effective, Fixed-Fee Service for Financial Projections Done Right.
Note: Deviled Details Financial Projections include a MISSION-CRITICAL, detailed month-by-month breakout for the FIRST 24 MONTHS of the company’s operations after receiving funding.
(Five-year financial projections WITHOUT 24 months of the month-to-month breakout are pretty much WORTHLESS for planning and for raising investor capital!)
Imagine having someone as a fractional senior executive with massive real-world angel investor and fundraising insights to greatly help you improve your 6% chance of successfully raising angel investor capital.
Do not be part of the 94% failures who never fixed their flawed financial projections.
This Has Been a Public Service Announcement.
Yes, I make money from offering this service – but I priced it so virtually any serious startup company can afford it.
My Angel Audits Service is an absolutely trivial cost that is priced so it is an absolute no-brainer decision for serious entrepreneurs – especially compared to your overwhelming downside if you try to go it alone without this critically needed Angel Audit.
Sound good? Ready to get started and do it right?
Click CONTACT ME right now for the Statement of Work and payment instructions.
Be GREAT!
Robert
Robert Lee Goodman, MBA
CEO & Chief ImpleMentor
CEO RESOURCE LLC
AngelAudits.com
DeviledDetails.com
StartupCompanyInvestors.com
StartupCompanyStepsToFundraisingSuccess.com
ChiefImpleMentor.com
My 21K+ 1st Level Connection LinkedIn Profile: Linkedin.com/in/robertleegoodman
Elevator Pitch: “I Help Startups Start and Stay Started With My Services – And My Network Of Angel Investors.”
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PS: Note: I do not make changes to any of your financial projections or to any of your documents. Instead, I give you narrative instructions for what I recommend that you do to fix your financials and/or documents.
Note: Due to the near-infinite multitude of variables involved with raising investor capital, any and all of my services, including Angel Audits, are done solely on a “Best Efforts” basis with absolutely no guarantees whatsoever that you will be successful in any way raising any investor funding. This should be obvious to everyone but needs to be clearly stated for legal reasons.
PPS: Please also check out my just-released YouTube video for more information:
https://youtu.be/zD2Z9PSbf0Y
PPPS: All of these Angel investor-focused images on this webpage are ones I personally created with two days of experience generating AI Art. Each of these has been individually created by my own words that I entered with none of them based on any other image. I actually had great fun learning this and hope to get a lot better very soon!