How did you build your business financial model?

After years of using Excel and losing weeks of time, finally with @modeliks I did it in just under a week.

As a tech enthusiast with diverse industry experience, I'm always intrigued by different approaches to building financial models. It's fascinating to see the creativity and logic behind each entrepreneur's methodology. Looking forward to hearing more unique perspectives from the community!

First of all, I determine the goals and needs which I would like to achieve with business financial model. Then, depend of my goals, I create and use different templates in MS Excel. The models usually contain revenues and expenses, accounts receivables and accounts payables, assets, cash flow, revenues by different categories and expenses by different types. In the end of building model process, I always use some control points to ensure model accuracy. Then, based on financial analysis, I add my financial opinion about future financial performance of the business, add conclusions about past performance and note some important key points as internal financial reporting to owners and management team.

I used Modeliks and saved me a ton of time

I spend a lot of time learning online and testing various models before I found the one that works.

Hired a consultant