Hannes Richter

The powerful rise of the startup ecosystem in recent years has opened the powerful rise of the startup ecosystem in recent years has opened up countless career development doors for candidates. However, more options also come with more hesitation. Also, what is your answer? Please leave a comment below

I often see overloaded Excel spreadsheets with ten pages, which show the projected 5-year balance sheets, profit, and loss statements, cash flows, etc., which not even the founders can explain properly. For financial models for pre-seed startups, you need to consider the following format: Cash flow is much more important than the balance sheet What is needed is a document on unit economics, which is usually missing and is probably derived from the income statement. The time frame is not 5 years, but usually no more than 36 months (with a focus on the monthly level for the first 24 months) as the product is in an early stage where 5-year projections do not make sense. The assumptions should be clearly highlighted in the cells in Excel (by color markings, for example), so that the founder can switch during discussions with investors and see the resulting output without having to have a financial/Excel expert present next to him. The startup's key KPIs should appear at the top of the output blade so that the money spent is related to the milestones the startup wants to achieve. In my opinion, you mainly have to consider these points to create a professional financial model. What does your financial model look like Pls share your views on this topic in the comments below.

Hi everyone, I think the free marketing tools below are helpful, especially for startups. With your experience, which is the most optimal and most used tool by you?