Financial Modeling for Startups & Small Businesses
Learn the best practices for building practical financial models and forecasts for your startup business.
What you’ll learn
- Build financial models for your startup business
- Forecast cash needs for your startup business
- Model user growth
- Model revenue
- Model expenses
- Model attrition
- Model various different business models, from tech to brick & mortar
- Use best practices for financial modeling
Requirements
- Have access to Microsoft Excel 2011 or Newer
- Working knowledge of Excel/spreadsheet core functionality
- Working knowledge of Excel/spreadsheet formulas and cell references
- Working knowledge of basic algebra Financial Modeling for Startups
Description
Reasons why you should create a financial model for your startup or small business. A good financial model can help you:
- Test your assumptions and verify key drivers of your business
- Compare and contrast different business choices, like pricing models
- Calculate the ACTUAL amount of capital you need to startup
- Calculate your burn rate
- Model out your user growth
- Model out your expenses
- Be more prepared talking to potential investors
- And loads more. Financial Modeling for Startups
Building a financial model isn’t just a vanity exercise. When done right, it could help you better understand your business, whether it’s a startup or an existing business you’re growing.
But it’s not easy and there is a right way and a wrong way to go about it.
Even if you have little to no finance background, if you’re going to be starting or running a business, this is a skill you need to have. Financial Modeling for Startups
Who this course is for:
- Someone who wants to understand how to create a financial model for a startup business
- Someone who wants to start a new business
- Someone who wants to leverage financial modeling to make better business decisions
- Someone who wants to better analyze business opportunities
- Someone interested in doing a startup and plan on raising VC funding
- Someone interested in starting a brick & mortar business
