Music School Excel Financial Model Template

Description
# Music School Excel Financial Model Template

Starting a music school with a rigorous idea and plan is crucial to your business’ success, but it doesn’t end there. You need to constantly look at your financials to update them, and make sure your goals are growing with your business. This music school excel financial model helps you to get in line with your current financial goals and make sure you’re still following the planned budget you set out to make your business a success.

# Similar Business Model
Octopus Music School, Berklee College of Music, and Curtis Insitute of music

# Introduction to Music School Excel Financial Model Template

The Music School Excel Financial model contains the three financial statements including the cash flows and calculates the relevant metrics (Break-even Analysis, Diagnostic Tools, Project evaluation, and Charts). The financing options for the project include a standard long-term loan as well as an investment made by the investors and of course marketing sheet (include automated inbound and outbound marketing costs sheet which also contains how many customers will achieve as a result).

So a quick overview of the Financial Model, in the contents tab you can see the structure of the model and by clicking on any of the headlines to be redirected to the relevant worksheet.

# Key Inputs of Music School Excel Financial Model Template

1: The growth rate Price and Expense.
2: Tuition Fee-Related Revenue Assumptions.
3: Cafetaria Revenue.
4: School Capacity & Land Assumptions.
5: Marketing Budget Sheet (which measures how many customers we get from marketing).
6: Average Payable and Receivable days your business is following.
7: Cost of Goods.
8: Fixed Asset and Capital Expenditure.
9: Tax Rate.
10: Investment table.
11: Loan table.

# Key Features of Music School Excel Financial Model Template
1: Input Sheet

This financial model template contains inputs that, when changed, impact the calculations and, therefore, the changes are applied to all relevant sheets. This financial model always has built-in flexibility to display different outcomes or final calculations based on this sheet’s changes.

2: Startup Summary

A start-up summary tab includes the total cost incurred at the start of business and capital expenditure, how much cash injected by the company so far, and based on the number of months the amount of investment required is calculated.

A Startup Summary helps you take a realistic view of your idea and double-check whether it’s the business has enough funds to support operations.

3: Monthly & Yearly Income Statement

The Music School Excel Financial Model provides the monthly as well as yearly income statement structure and a framework for creating a full corporate forecasting model tailored to your particular business.

A key feature of the Music School Excel Financial Model is that it is “integrated,” which simply means that the Income Statement is modeled in a way that accurately captures the connection and inter-linkages of the various line business items. An integrated financial model is powerful since it enables the Financial Model user to change any assumption in one part of the statement in order to see how it impacts all other parts of the statements accurately and consistently.

The monthly Income Statement sheet of the Music School Excel Financial Model is perfect for those who require regular reporting and details. Additionally, Income Statement contains all revenue streamlines with gross earnings, net earnings linked with a revenue analysis sheet to ensure accurate reporting.

Oak Business Consultants understands every School business’s goal. Therefore, we have developed a mechanism that helps business owners determine whether they are making profits or otherwise.

Furthermore, the Yearly Income Statement gives you complete insights into revenue and general & administrative expenses. The Yearly Income Statement also contains several graphs, assumptions, ratios, margins, net profit, earnings, cost of services, and profit after tax.

4: Balance Sheet

This balance sheet enables you to analyze your position of current assets, fixed assets, liabilities, and equity. This also allows you to monitor your accounts receivable, accounts payable, accrued expenses, etc. Therefore this specific, financial model gives you the perfect space to analyze your key financial balance accounts.

5: Cash Flow Statement

The Cash Flow Statement is the vital part of the three statements that report the cash spent and generated during a specific period. The Cash Flow Statements act as a bridge between the income statement and balance sheet by how money has moved in and out of the business.

# Three main sections of the Cash flow Statement:

1: Operating Activities: We have included all cash in and out related to the operations of the business.
2: Investing Activities: A cash from the disposal or an acquisition of an will include in this section.
3: Financing Activities: We have separately made a loan-related tab where you can enter all loan-related information thee. The tab is linked to Financing Activities of Cash flow Statement.

The Cashflow Statement in our Model contains a dedicated sheet to monitor and analyze your company cash-ins and out. This cash flow statement is based on several key inputs, such as Payable and Receivable Days, yearly income, working capital, long-term debt, net cash, etc. This calculation then computes your net cash flow, beginning and end cash balances. This is a perfect template for your company’s cash flow management.

6: Break-Even Analysis

A break-even analysis can help you measure how different scenarios might play out financially. For example, if you increase the marketing budget or add another employee to the payroll, how many extra sales will be needed to recover that additional expense?

We have included a Break-even analysis in our Financial Model which will help the user to determine sales. The break-even analysis will help you know at a glance, the profits generated at the various sales levels. The Break-Even Analysis is the point where your total sales contribution refers to fixed cost at zero profit and loss. This Technique is primarily based on marginal costing, which behaves differently at various levels of output activity.

7: Project Evaluation

Since the table calculates Return on Investment, Investor’s Future Equity Share, and Cash Burn Rate Analysis, analyzing the company’s performance becomes easy to capture potential investors.

8: Marketing Budget Sheet

A marketing budget sheet added with all possible marketing channels. The Sheet tells you how many expected customers you will have with different channels. For example, spending $2000 on Facebook marketing will bring 1,000 active customers. To make this more accurate the user is required to enter conversion rates from the internet.

9: Diagnostic Sheet

This Diagnostic sheet is a new inclusion to our financial model. This automatically explains the condition of the business. For example, if your company’s profit is 30% of the total sales. The sheet will include favorable comments (As mentioned above in the picture). The comments automatically connected to the numbers of financial data in the income statement, balance sheet, and Cash flow. The Diagnostic Sheet is very helpful to give the company’s insights in just one line.

10: Dashboard

Users and readers respond and process visual graphs better than data. Furthermore, This dashboard provides you a graphical management tool that enables you to track all your relevant financial KPIs, improve cash flow management, and track expenses, sales, and net revenue in detail to meet and outperform the financial objectives of your business.

# How To Use Music School Excel Financial Model Template

For the purpose of making this model easy to use, Oak Business Consultant has designed this Music School Excel Financial Model Template with maximum care. Each cell has a color code, and the input areas are all highlighted in peach color.

The User is only required to input data in color cells. All other cells are either helping calculations or results of the model. Therefore there is no need to change any other cell except colored cells.

# More About Financial Modelling:
Contact our expert if you are confused about buying our template. The experts can provide you a 15 min DEMO of the financial model.

# About Us
Oak Financial Model is a combination of financial and data analytics. For this, we have strong skills in math, financial analysis, accountancy, management performance indicators, and organize this data into the dashboard for clients.

# Our Mission
Our mission is to be the industry leader in our business domain, which comes after an in-depth analysis of the market situation and ever-changing business trends. We believe that financial and business consultancy requires a complete understanding of the continuous changes in the market and economy and its effects on business.

# Our Vision
Our Vision is to be reputed as the best Financial & Management Services Consultants by providing top-notch services and to create goodwill based on an excellent performance.

# Our Core Values
Our business motto is derived from the fact that High Quality surpasses Quantitative work and with that in mind we strive for a disciplined approach to analyze the business situations and identify the best solutions to achieve the financial plans. In the same time, we help in opening new doors by providing our state of the art financial services, and management tools.