Comprehensive Startup Excel Financial Model Template
Originally published: 09/01/2024 09:42
Publication number: ELQ-95153-1
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Comprehensive Startup Excel Financial Model Template

The Comprehensive Financial Model for Startups or Entrepreneurs in Microsoft Excel

The Comprehensive Financial Model for Startups or Entrepreneurs in Microsoft Excel

This Excel template includes the following worksheets:
1. Quick Assumptions
2. Full Assumptions
3. Summary
4. Income Statement
5. Balance Sheet
6. Cash Flow
7. RevGrossNet
8. Yr1Expenses
9. Headcount
10. Multiple Revenues Streams
11. Capex
12. Depreciation & Amortisation 

13. Debt Repayment Schedule

Why Startup Financial Models are so Important
When Warren Buffett invests in a company, he makes holistic decisions about the quality of the business as if he is buying the whole thing and not simply a decision about the direction the stock might move.

When building a financial model, a similar philosophy applies. Before breaking the business into discrete pieces and asking yourself which direction each will go, first look at the business as a whole and understand both what you as an organization are trying to accomplish as well as what the intended use of the model and startup financial projections you are building will be.

Financial modeling in Excel is the process of building a financial model to represent a transaction, operation, merger, acquisition, financial information to analyze how a change in one variable can affect the final return so as to make a decision on one or more of the aforementioned financial transactions.

A financial model is simply a tool that’s built-in spreadsheet software such as MS Excel to forecast a business’ financial performance into the future. The forecast is typically based on the company’s historical performance, assumptions about the future, and requires preparing an income statement, balance sheet, cash flow statement, and supporting schedules (known as a 3 statement model).

A financial model is the numerical expression of your startup’s goals - how many customers you’ll have, how many people you’ll hire, how your margins will improve. The creation of a financial model should tease out the key metrics and assumptions that you will test as you execute your business plan. The best startup financial models are usually not “right” - but the differences between the projections and the actual results can drive insight into the company’s potential and the targeted industry’s dynamics. Understanding the difference between your projections and your actual results can also help your executive team make important business decisions.

This Best Practice includes
1 Excel File

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