3:I[5613,[],""]
5:I[1778,[],""]
4:["slug","water-soil-testing-services-financial-model-example","d"]
0:["As7FzCY7tR0dR5vbRQuIo",[[["",{"children":["industries",{"children":["agriculture",{"children":[["slug","water-soil-testing-services-financial-model-example","d"],{"children":["__PAGE__?{\"slug\":\"water-soil-testing-services-financial-model-example\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["industries",{"children":["agriculture",{"children":[["slug","water-soil-testing-services-financial-model-example","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","agriculture","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/dd3786e789bd89d0.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","agriculture","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"b1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":"404"}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],"notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/5ad7baf19918e3f0.css","precedence":"next","crossOrigin":""}]],"$L6"]]]]
7:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1737123605411","3842","static/chunks/3842-90ad98b73050a768.js?v1737123605411","6142","static/chunks/6142-d09ed4195d118873.js?v1737123605411","4845","static/chunks/app/industries/agriculture/%5Bslug%5D/page-3de2e017d27aff47.js?v1737123605411"],""]
8:T2a37,{"id":"cG9zdDo3MDI2","title":"Water and Soil Testing Services Financial Model Example","content":"<p>Our Water and Soil Testing Services Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Water and Soil Testing Services business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<p>Establishing or expanding a Water and Soil Testing Services business necessitates a comprehensive financial plan that identifies typical revenue sources, direct costs, employees, expenses, and essential assets. This Water and Soil Testing Services financial model serves not only as a roadmap for your business operations but also as a lens for discovering new and profitable revenue streams. By understanding these individual components, you can better position your business for growth and sustainability.</p>\n<h2>The Water and Soil Testing Services financial model structure</h2>\n<p>The structure of the Water and Soil Testing Services financial model is crucial for any business; however, it is especially vital for a Water and Soil Testing Services firm. This financial model consists of several components that collectively map out the business&#8217;s financial journey.</p>\n<h3>Revenues</h3>\n<ul>\n<li><strong>Laboratory Testing Services:</strong> Revenue is calculated based on the number of samples tested multiplied by the average price per test.</li>\n<li><strong>On-Site Testing and Analysis:</strong> Revenue is derived from on-site visits and can be calculated by the number of site visits multiplied by the fee per visit.</li>\n<li><strong>Consulting Services:</strong> Charge clients an hourly rate for specialized consultation on water and soil management.</li>\n<li><strong>Environmental Assessments:</strong> Calculate revenue by the total number of assessments completed multiplied by the assessment fee.</li>\n<li><strong>Subscription Services:</strong> Monthly or annual subscriptions for ongoing testing services offer a steady revenue stream.</li>\n<li><strong>Equipment Leasing:</strong> Lease specialized testing equipment to clients and calculate revenue by lease agreements multiplied by the leasing fee.</li>\n<li><strong>Training Workshops:</strong> Host workshops and charge participants an attendance fee, resulting in revenue based on the number of attendees.</li>\n</ul>\n<h3>Cost of goods sold</h3>\n<ul>\n<li>Laboratory Supplies: Costs include reagents, test kits, and protective gear.</li>\n<li>Transportation Costs: Expenses incurred from traveling to various sites.</li>\n<li>Consultation Costs: Payment for external experts or subcontractors if necessary.</li>\n<li>Equipment Maintenance: Costs related to keeping testing equipment operational.</li>\n<li>Subscription Tools: Software licenses or subscriptions necessary for conducting tests.</li>\n</ul>\n<h3>Employees</h3>\n<ul>\n<li><strong>Laboratory Technicians:</strong> Responsible for conducting tests and recording results.</li>\n<li><strong>Field Specialists:</strong> Conduct on-site testing and data collection.</li>\n<li><strong>Consultants:</strong> Provide expert advice and strategy recommendations to clients.</li>\n<li><strong>Account Managers:</strong> Manage client relationships and ensure customer satisfaction.</li>\n<li><strong>Administrative Staff:</strong> Handle scheduling, billing, and other administrative duties.</li>\n</ul>\n<h3>Operating expenses</h3>\n<ul>\n<li><strong>Rent:</strong> Cost of leasing space for laboratory operations.</li>\n<li><strong>Utilities:</strong> Expenses for water, electricity, and waste disposal in the lab.</li>\n<li><strong>Salaries and Wages:</strong> Compensation for all staff.</li>\n<li><strong>Insurance:</strong> Business and liability insurance costs.</li>\n<li><strong>Marketing and Advertising:</strong> Budget for promoting services and acquiring new clients.</li>\n<li><strong>Communication:</strong> Telephone and internet service expenses.</li>\n<li><strong>Professional Fees:</strong> Legal and accounting fees.</li>\n<li><strong>Office Supplies:</strong> General supplies needed for office functions.</li>\n<li><strong>Software Licenses:</strong> Costs for specialized software necessary for analysis and reporting.</li>\n<li><strong>Training and Development:</strong> Investment in employee skill development.</li>\n</ul>\n<h3>Assets</h3>\n<ul>\n<li><strong>Laboratory Equipment:</strong> Essential for conducting various tests and analyses.</li>\n<li><strong>Vehicles:</strong> Required for transportation to testing sites.</li>\n<li><strong>IT Infrastructure:</strong> Computers, servers, and software for data management.</li>\n<li><strong>Office Furniture:</strong> Desks, chairs, and storage for administrative functions.</li>\n</ul>\n<h3>Funding options</h3>\n<ul>\n<li><strong>Bank Loans:</strong> Traditional method of financing through financial institutions.</li>\n<li><strong>Venture Capital:</strong> Investment from venture capitalists in exchange for equity.</li>\n<li><strong>Government Grants:</strong> Non-repayable funds offered by the government to support environmental businesses.</li>\n<li><strong>Angel Investors:</strong> Individuals who provide capital for startups in exchange for ownership equity.</li>\n<li><strong>Business Incubators:</strong> Offer resources and sometimes funding for budding businesses.</li>\n</ul>\n<h2>Driver-based financial model for Water and Soil Testing Services</h2>\n<p>A driver-based financial model for Water and Soil Testing Services is essential. A truly professional financial model is deeply rooted in the <a href=\"https://www.agrivi.com/blog/6-soil-performance-indicators-that-will-boost-yield/\">operational KPIs</a>, often referred to as &#8220;drivers,&#8221; relevant to the industry. These indicators guide decision-making and strategic planning.</p>\n<ul>\n<li><strong>Sample Turnaround Time:</strong> The average time taken to process a sample from start to finish.</li>\n<li><strong>Customer Retention Rate:</strong> The percentage of repeat customers over a period.</li>\n<li><strong>Test Accuracy Rate:</strong> Ensuring high accuracy in test results to maintain credibility.</li>\n<li><strong>Utilization Rate:</strong> The percentage of time resources (like technology and manpower) are used.</li>\n<li><strong>Revenue per Client:</strong> Average revenue generated per client.</li>\n<li><strong>Number of New Clients:</strong> The number of new clients acquired during a given period.</li>\n<li><strong>Operating Margin:</strong> The percentage of profit earned after covering operating costs.</li>\n</ul>\n<p>Driver-based financial planning involves identifying key activities, or drivers, that have the highest impact on your business outcomes. Developing your financial plans based on those activities can be complex. This approach allows for the establishment of relationships between financial results and necessary resources, such as human capital, marketing budgets, and equipment.</p>\n<p>If you want to know more about driver-based financial planning and why it is the right way to plan, see the founder of Modeliks explaining it in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The financial plan output</h2>\n<p>The objective of financial forecast outputs is to enable you, and your management team, board, or investors, to swiftly grasp how your Water and Soil Testing Services enterprise will perform in the future. It is essential to gain comfort in the notion that the plan is well-considered, realistic, and attainable. Furthermore, one must comprehend the necessary investment to execute this plan and the anticipated return on that investment.</p>\n<p>To achieve these goals, here is a one-page template on how to effectively present your financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"/images/cms/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Water and Soil Testing Services financial plan\" width=\"800\" height=\"520\" /></p>\n<p>In addition to this concise summary of your plan, three projected financial statements will be required:</p>\n<ul>\n<li><strong>Profit and Loss:</strong> A statement that encapsulates revenues, costs, and expenses.</li>\n<li><strong>Balance Sheet:</strong> Displays the company&#8217;s assets, liabilities, and shareholders&#8217; equity.</li>\n<li><strong>Cash Flow Statement:</strong> A detailed account of cash inflows and outflows.</li>\n</ul>\n<h2>Water and Soil Testing Services financial model summary</h2>\n<p>A professional Water and Soil Testing Services financial model provides essential insights into your business operations. It will help you think through your business and identify resources needed to achieve targets. You can set goals, measure performance, raise funding, and make confident decisions to manage and grow your business. With a robust financial model in place, you can navigate the complexities of the market while ensuring your business remains on a successful path.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"water-soil-testing-services-financial-model-example","date":"2024-12-23T12:49:59","featuredImage":{"node":{"id":"cG9zdDo3MDI1","sourceUrl":"/images/cms/main-image-BRkikoNP0KQ.jpeg","altText":"Water and Soil Testing Services business plan"}},"seo":{"metaDesc":"Optimize your Water and Soil Testing Services financial model with accurate forecasts, budgeting tools, and profitability insights for better decision-making.","title":"Water and Soil Testing Services Financial Model Example - Modeliks"},"industryName":{"industryName":["agriculture"],"category":["financial-model"]},"h1":"Agriculture Business Plan | Modeliks"}2:["$","$L7",null,{"post":"$8","isBusinessPlan":true}]
6:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Water and Soil Testing Services Financial Model Example - Modeliks"}],["$","meta","3",{"name":"description","content":"Optimize your Water and Soil Testing Services financial model with accurate forecasts, budgeting tools, and profitability insights for better decision-making."}],["$","meta","4",{"name":"keywords","content":"agriculture business plan, agriculture business plan template, agriculture business plan example, agriculture business plan sample, agriculture business plan template free, business plan template for agriculture, ag business plan template, how to write a farm business plan, agri farming business plan"}],["$","link","5",{"rel":"canonical","href":"https://www.modeliks.com/industries/agriculture/water-soil-testing-services-financial-model-example"}],["$","meta","6",{"property":"og:title","content":"Water and Soil Testing Services Financial Model Example - Modeliks"}],["$","meta","7",{"property":"og:description","content":"Optimize your Water and Soil Testing Services financial model with accurate forecasts, budgeting tools, and profitability insights for better decision-making."}],["$","meta","8",{"property":"og:url","content":"https://www.modeliks.com/industries/agriculture/water-soil-testing-services-financial-model-example"}],["$","meta","9",{"property":"og:site_name","content":"Modeliks"}],["$","meta","10",{"property":"og:locale","content":"en_US"}],["$","meta","11",{"property":"og:type","content":"article"}],["$","meta","12",{"name":"twitter:card","content":"summary"}],["$","meta","13",{"name":"twitter:title","content":"Water and Soil Testing Services Financial Model Example - Modeliks"}],["$","meta","14",{"name":"twitter:description","content":"Optimize your Water and Soil Testing Services financial model with accurate forecasts, budgeting tools, and profitability insights for better decision-making."}],["$","link","15",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]]
1:null