Financial Modeling for Startups & Small Businesses
What you'll learn
- Forecast customer growth by channel
- Build an Income Statement
- Build a Balance Sheet
- Build a Statement of Cash Flows
- How all 3 statements are connected
- Basic Excel Functions and Formulas
- How to structure and present a financial model
Requirements
- Access to Google Sheets
Description
Co-Founder and COO of Forecastr (Techstars 2020) breaks down how to build a financial model from scratch in this 7 part lecture.
In this course, we start with a totally blank excel sheet. This is unlike other financial modeling courses that start with a template - by starting from scratch, we guarantee that you will have a deeper level of understanding for how financial modeling works, and have more freedom to customize your projections for your own business.
At the end of this course, you will have a full 3 statement financial model (Income Statement, Balance Sheet, Statement of Cash Flows) forecasted monthly and formatted attractively. We focus heavily on showing you the calculation logic so that you will be able to tailor your model to your specific needs.
Why build a financial model?? Lots of reasons - but specifically a financial model will:
1.) Help you raise money for your business
Investors speak the language of finance - and a financial model is a great communication tool for investors. Presenting a model will inspire confidence that you'll be a good fiduciary of their investment, and that you are a competent operator that knows their metrics!
2.) Help you run your business better
A financial model is a mathematical simulation of your business. Once the simulation is build, there are endless questions that you can "ask it". What happens if you raise prices? Hire more people? Raise money? A good financial model is the closest thing a founder has to a "crystal ball"
Who this course is for:
- Startup Founders
- MBA Students
- Finance Students
- Investors
Instructor
- 4.6 Instructor Rating
- 105 Reviews
- 406 Students
- 1 Course
Logan Burchett is Co-Founder and COO of Forecastr, and has deep startup finance experience at the CFO level. In January 2020, Forecastr was accepted into Techstars Anywhere, the #1 global accelerator program in the world. Only 1% of companies are selected into Techstars.
As a founder of Forecastr, Logan is instrumental in product development, finance, team management, fundraising, and general operations.
Prior to Forecastr, Logan spent 3 years acting as an outsourced CFO for Pre-Seed - Series A startups in the midwest. In this capacity, Logan has constructed hundreds of financial models and helped to raise millions in early stage capital. He has been the lead on various transactions, including M&A, Venture Debt, Joint Ventures, SPVs, etc.