Financial modeling for a new business is hard for founders
It’s hard for accountants
And it’s hard for seasoned finance people,
But for each, it’s hard for different reason:
For founders, it’s tough to translate their business idea into numbers.
For accountants, it’s tough to leave behind historical financials and benchmark thinking and to transition to drivers and assumptions.
And for finance people, it’s tough to build a model that makes any sense to anybody who isn’t a banker MBA from a top 10 bschool.
So how does anyone get it done?
❌ You can hire a finance person to build you a model, but if you don’t understand it, you’ll never use it.
❌ You can hire an accountant to build you a model, but it won’t forecast anything, so it’ll be useless.
OR
✅ You can learn how to build your own financial model and enjoy the bonus upside of truly understanding your business numbers.
The choice is yours,
But the right answer
Is kinda obvious.
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