What if You had $1 Million and 90 Days to Live?

Since founding the Christian Angel Capital Network, we’ve discovered something that almost all new members have in common – they want to be funded yesterday!   We understand this urgency.  In fact, we’ve ALL been there.  It’s like the old adage – “Lord, give me patience – NOW”!

Most business plans have pro forma financial data that covers the first three to five years of business, but that’s really a long time for a startup or early-phase company.  Why?  Because, if the current statistics hold true,  a full 50% of these companies will be out of business within their first three years of their existence!  Those statistics are very sad for many reasons.  It’s like driving past a home that has been foreclosed on.  I often find myself asking - “How did this happen”?   That same question could be asked of those businesses that don’t survive their first three years.  Was the business plan flawed?   Did the business run out of money?   Was the competition underestimated?  Here’s one key question:  Was the entrepreneur focused on the business with the right priorities?

Attention Entrepreneurs!   The following advice will show you not only how to impress potential angel investors, but also how to focus your energy, skills and talent to ensure the success of your business.  Instead of exhibiting that desperate need to have cash today, as if that were the end game, show potential angel investors how they will make their investment back many times over by investing in YOU!  Yes, YOU!  Angel investors look at a the founders of companies – first and foremost.  You might have a great business plan with a viable business model, but investors will shy away if they don’t have the confidence that YOU’RE the right person to pull it off.  Explain to them, with confidence, exactly what’s going to happen with their money within the first 90 days of receipt.   Here’s the secret - act like you have only 90 days to live and also build  a company that will last over 100 years! Now, continue with that attitude for each 90 day period, again and again.  We can almost guarantee, that if you follow the above steps, your new company  could very well have a 100 year future!  With that confidence, potential investors will open their wallet and invest in YOU!

Blessings!

Bill Murray