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Its Not a Plan Until the Numbers Add Up: StartupModels.com - A Guide to Building Financial Models For Business Using finmodel4.xls: Michael Colwell: Kindle Store. It's not a plan until the numbers add up. More than the title of this book, it is a truth of business creation. This book along with the free companion Excel model, finmodel4.xls, available at www.startupmodels.com allows you to quickly and easily create a financial model for your startup business or business expansion. You would not invest in a mutual fund with a negative return. You want to know that your investment will benefit you in the end. Your business partners, financiers, spouses, and others need to understand the return on their investment (in time or money) in your business. Often putting together the financial portion of the business plan is the hardest part of the process. More than anything else, putting together a financial model for your business startup forces you to define your assumptions. The Microsoft® Excel model finmodel4.xls (referred to throughout this guide as finmodel) was created for people planning a business startup. It is a straight-forward, easy-to-use model intended for setting up many types of startup businesses. This guide provides an explanation of the features of this model. The guide also provides basic advice for those who have not put together a financial model for a business.This guide will:Explain how to use the model to complete a financial plan for your startup.Help you understand many of the decisions you need to make in creating a plan. Clearly identify all of the financial assumptions you make in your plan.Here is what some of the readers have said:“Mike has put together a unique and helpful tool for a bootstrapping entrepreneur, but don’t overlook the usefulness that an established business person can also achieve using StartupModels. The book in conjunction with the spreadsheet works very well for quickly checking the financial viability of a potential acquisition and can also be used for initial budgeting purposes. A sure hit!” – Wayne Hansen, President CI3“StartupModels is the first comprehensive spreadsheet that I have enjoyed studying, filling with assumptions, modeling cash flow behavior and subsequently reevaluating my assumptions. It has provided me with a rich set of formula in modeling a few business plans recently, most notably the ones for MyDiabetesHome and Pikuzone. I only wish I had been able to utilize this kind of a plan in my previous business to model a software licensing, support, maintenance, hosting, services and employee variables and other economic factors behind pricing and internal costs. I’ve incorporated this financial plan within the context of several business plans and referred to the accompanying book a few times, primarily for explanations and clarification. The model itself is easy to learn but greatly enhance with rock solid assistance in the eBook for those just starting out with a modeling exercise.” – Tej Dhawan – Founder Picuzone“We evaluate a number of business opportunities every year and until Mike came along with finmodel4, each time it was a major struggle to get our hands and heads around the opportunities’ viability. Having this model as a guide has removed the fear and trepidation from the evaluation and planning process. We no longer feel like we’re just guessing and wondering what we missed. With everything right here in one place, we can test our assumptions and compare outputs with ease and confidence. Thanks, Mike!” – Kate Washut, Founder, Far Reach Technologies“I have worked with Mike Colwell as a mentor/adviser for over four years. I have my hands in several businesses which each have unique needs and revenue models. Mike’s ability to shift gears and provide relevant insight on each one always amazes me. At the end of the day, Mike understands business. His experience has allowed him to develop the models & formulas which, to me, are baseline for his insight. Worki
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