3 years ago

Are you building your financial model?
Join our Financial Modeling Workshop and become your own CFO: https://youtube.slidebean.com/fm-workshop

You'll be able to:
► Learn how to stay on top of your startup runway at the end of each month
► Understand the growth budget that you need to spend to achieve your revenue goals
► Learn exactly how much you need to raise from your investors
► Budget new team members and other company expenses

Take our Financial Model Training ► https://slidebean.com/financial-model-training?utm_source=youtube&utm_medium=description&utm_campaign=ultimate-fm
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Recommended videos:
Don’t let this happen to your startup (Cap Table Tutorial) ►https://youtu.be/wQ9KHm9A0R4
The metric that could kill your startup ► https://youtu.be/bDKJOdyOUsE
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#startups #slidebean #financialmodeling

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Financial Modeling Explained: What is Driver-Based Planning?

I looked into every single video about Financial Models on Youtube, and they all start with a spreadsheet.

And yes, of course, that’s what the Financial Model is, and we’ll get to spreadsheets today- but before that, we need to get on the same page about what the financial model is, how it should work, and the most common startup founders make when doing them.

A financial model is a sheet at which you through data: your expenses, your assumptions about the business, real benchmarks from other companies- and on the other side it should spit out some key company questions.

Some of them are urgent, almost life and death questions for your business:
How much runway you have (how long until you run out of money).
Can you afford that new hire? Or that new campaign?
If you’re looking for investors- how much money do you need to raise, and when?

I’ve seen way too many founders put ‘we’re raising $1.5M on their pitch decks’, and not have any numbers to back that up- or any idea where that gets them. And that of course falls apart really quickly when investors ask questions.

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About Slidebean

Slidebean is a platform for founders to scale their startups. Our platform offers everything you need to build your startup, your pitch deck, set up your company, and start gaining traction.
Our team of experts can also help you write and design your pitch deck and build the financial model for your startup.

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