Announcing a redesigned set of financial models for entrepreneurs.

January 2009: First Release

I released my first template financial model for entrepreneurs in Jan 2009. After having built or reviewed hundreds of financial models for companies large and small, and having answered many questions from entrepreneurs about how to build their first financial model, I decided that there was a real need for some education and examples. *

I’ve continued to evolve the models, adding and stripping away features to make them more powerful and easier to use. I’ve written and taught classes about how to build financial models, getting a bit better understanding each time about what entrepreneurs needed. Spending more time with people teaching the models, sitting down with them and listening to what they needed and how the models fit their needs, I realized that this evolution needed to focus on making the models more versatile and easier to use.

Today: Releasing Two New Models

Therefore, today I am releasing a completely refreshed Simple Financial Model template and a brand-new Complete Financial Model template. Both are fully-functioning Excel templates to help entrepreneurs create projections and financial statements for their startups.

I split them out into two models to serve two different needs: the need of the entrepreneur to estimate the basic costs and revenue of a business idea (Simple Model), and the need for complete financial statements and cap table to build a more robust model for investors (Complete Model). The two models are very compatible: if you download the Simple Model and use it extensively, but later decided you need to add financial statements and a cap table, you can purchase the Complete Model and quickly integrate your projections in the Complete Model.

Just remember: they are fully-functioning templates, but they will require customization to fit your business. Start using them by plugging in numbers, but they will take a bit of customization to fit your revenue model, your viral loop, your sales strategy, and your cost structure.

Screenshots, details, pricing, and links to download, all here.

And if you’ve downloaded these or one of my prior models, I’d love to get your feedback, hear about your success stories, or understand what key needs you still have. Please leave feedback here.

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* Other financial model templates on the web: Giff Constable’s financial model for freemium tech startup business and Glenn Kelman’s financial model from Redfin.