Get prepared by testing and refining your business model - then use your key financial statements to raise the capital you need.
So you're starting a brewery. Well...
You already know you need a business plan - and that should include pro forma projections.
Why do you need a financial model?
A fundamental understanding of business finance is closely correlated with the success of a small business. A financial model is a great learning instrument.
The ease of scenario experimentation can quickly reveal the effectiveness of one business strategy over another. Never perfect, but much less risky than a real world test.
A good model illustrates time dependency - a factor that cannot be derived from any back-of-the-napkin analysis, yet is of upmost importance when planning for working capital.
Simply enter all of your initial assumptions on one page to get a fast visual on your model. Edit the page-level details to refine the model further.
Fill out your initial assumptions for a complete baseline model in 5 minutes or less. Then you can start tweaking the more detailed assumptions.
Sheets include (subject to change as the model is updated):
Get a baseline in 5 minutes. Find your blindspots. Visualize your cash flow. Bring presentable statements to your funding meetings.
Corey
Co-Founder/CEO, Elixir Kombucha
Copyright © 2024 Patrick Kinsella. All rights reserved.
I'd love to hear from you via patrick at breweryfinancialmodel dot com.
Thank you!