The Cash Flow Blog

While  access to commercial loans is difficult, an alternative to consider in your search for capital is an angel investor.  And while angel investors are non institutionalized, they’re far from unsophisticated.  In fact, some angels are more sticklers for detail than their VC cousins — after all, it’s their money.

Fobes.com offers Ten Ways to Attract Angel Funding.  I’d like to highlight #8 for you:  Finalize Your Financial Model.   In fact, I’d really like to highlight one aspect of your financial model — revenue forecast.

Here’s the deal

You should know everything about your first year projection.  I mean everything.  If you can’t answer these questions, the odds of hitting your number are slim.  And if you can’t hit the first number, how are we to believe you’ll hit the second, third or fourth number in your plan?

We won’t.  That’s the rub.