3 Traits of a Great Financial Model

Description
Financial forecasts are generally not something people love building. However if you have a startup, you need one. It's necessary to raise capital and to have one every year to show your board.

Financial models are powerful tools. It's rare that the numbers will be accurate. You don't have to be hitting targets that you've set 3 years in advance. But the thought process behind how your business functions, how you grow your user base, personnel, and user base is so worthwhile and valuable.

Here is an article explaining the 3 main characteristics of a really good financial model. If your model contains these, then you can trust that you have a really good tool working for your business.

*Originally posted on StartupCFO.ca*