Creating a professional, investor-ready financial model for a SaaS business in 30 minutes. For anyone who has ever done any financial modeling and financial planning, this just sounds insane and impossible.
Watch the video below to see it happen. Blagoja Hamamdjiev, Founder and CEO of Modeliks, creates a driver-based, fully linked, and investor-ready financial model for Software as a Service (SaaS) in 30 minutes in Modeliks. Building such a sophisticated financial model in a spreadsheet will take weeks to do if you are a financial modeling expert.
See it happen in 30 minutes. Then jump into Modeliks and have your own financial plan ready before the end of the day. Enjoy!
What is a professional financial model?
A financial model is a tool used to forecast and plan the future financial performance of a business. A high-quality financial model is based on the most important assumptions that have the highest impact on your business. These assumptions are also called value drivers. Examples of value drivers for a SaaS business include customer growth rates, churn rates, subscription prices, customer acquisition costs, conversion rates, etc.
Why is it important to have a thought-through, professional financial model?
Because it helps you understand how your business will likely perform in the future, set targets for the team, and track your progress against that plan. If you are raising funds, a financial model becomes even more critical because it helps you show your potential investors that you really understand your business, what are the critical aspects that you need to manage (i.e. the value drivers), and that you are likely to have your finances under control. The alternative, a bad financial model, will quickly lose your potential investors.
Want to read more on the topic? Check out How to create an advanced financial plan like a pro ? post to read more on the topic.
Don’t forget to watch the video. This is where the magic happens.
