Top Ten (10) Fund Raising Fails
It could be truly difficult raising funds. But it is easier to avoid mistakes made by newbies. Here are the top 10 mistakes made by fundraisers.
1. Not making use of charts, graphs, and analytics in the analysis of pitch materials.
2. Hard coding numbers into the spreadsheet.
3. Failing to use a base bottom on analysis.
4. Failure to relate the financial model to the narrative.
5. Not knowing the different between TAM (Total Addressable Market) and SAM (Serviceable Addressable Market).
6. Ignoring the use of the generally acceptable principle.
7. Failing to do the cash flow analysis.
8. Underestimation of the variable expenses.
9. Inadequate knowledge of your comparable market metrics.
10. The projection of $1B in revenue over the next five years.
About The Author
Although millions of people visit Brandon's blog each month, his path to success was not easy. Go here to read his incredible story, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors." If you want to send Brandon a quick message, then visit his contact page here.
Although millions of people visit Brandon's blog each month, his path to success was not easy. Go here to read his incredible story, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors." If you want to send Brandon a quick message, then visit his contact page here.