Do you have a financial model for your startup? If not, you might want to think about setting one up.
A financial model is a key management tool. If built correctly, it will provide invaluable assistance in understanding, managing, presenting and explaining your business.
Your financial model is a numerical articulation of your business model - a way of explaining your business idea in numbers. Its a way of numerically articulating the value proposition for your business.
But it is not just about absolute values, it is also about the relationships between different parts of your business and how they will interact to determine the success of your venture.
At Cow-Shed we help startups create simple and complex financial models to maximise their potential.