Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
  • Startup Hiring Plan & Financial Projections Mini Course
Originally published: 22/12/2017 16:27
Publication number: ELQ-60242-1
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Startup Hiring Plan & Financial Projections Mini Course

A startup financial model, powerpoint, and video. Headcount tab included. Use to plan your hiring for the next 3 years.

3 yearsexcelfinanceheadcounthiringhiring planspreadsheetstartup

Description
This is a tool to help you and to teach you how to create financial projections for your startup, specifically mapping out the headcount for the next 3 years.

You should follow these instructions when creating your hiring plan:

-Everything has been calculated for you; all you need to do is fill in the blue cells.

-Change the job titles as you go, or even write their names.

-Input the annual salary in thousands, so type 65 if you want to write $65,000. Leaving out the 0s makes your plan a lot easier to read quickly.

-The start month should be between 1 and 36 unless you want to not hire that position; in which case write 0.

-The cost type can be changed if necessary.

Throughout completion you should ask yourself these questions:

-Am I hiring too many people at the one time?

You need to be realistic and keep in mind what is manageable in terms of recruitment. For example its unrealistic as a 2 man team to hire 4 new people within 1 month. You should use this to spread your recruitment plans out over a number of months.

-Am I hiring enough people?

Its common that entrepreneurs don't actually hire enough. Its true that there are many things we can automate now, but you still need actual people for most things. Remember that you can hire contractors as well as proper employees, but keep in mind that if you opt for this then your hiring plan will be leaner and your operating expenses will as a result be more costly. You may have some explaining to do however if your whole hiring plan is reliant on contractors.

-Are your inputs for revenue per employee realistic?

You should annualize your monthly numbers. This is when you multiply them by 12 to get your annualized revenue for that month.

This business tool includes
1 Explanatory PDF, 1 Financial Projections Slide Template, 1 Hiring Plan Tool in Excel, 1 Explanatory Video

Mike Lingle offers you this business tool for free!

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