Excel for Startups: Simple Financial Models and Dashboards

Description
When you start building a business you might not be able to afford expensive tools for calculations, or haven’t yet found one that fits your needs and budget. However, you still have to do all the calculations, especially if fundraising is not far off.

In my experience, Excel and Google Spreadsheets are two of the best tools startuppers could start with for analytics.

They are rather simple to use if you’re not going too deep with numbers. You actually don’t need to go deep at the start of a business if you don’t want to get in a muddle with complex metrics.

Many Excel templates for startups that I meet online are great and contain lots of useful stuff, but if I found them earlier, without a business background, I would have had no idea what all these complex metrics mean.

That’s why I’ve created my own Google Spreadsheet template, which has all metrics that startups need to track their analytics while staying really easy to understand without specific experience.

Originally posted on Medium https://blog.statsbot.co/excel-for-startups-simple-financial-models-and-dashboards-2b7c99580992

- Nurzhan Ospanov