This course is designed for founders of a software subscription business looking to develop a financial model. If you are thinking about a fundraise or looking to better measure and assess your financial performance, this is a great course for you! My goal as a teacher is to use this modeling course to help entrepreneurs better understand financial drivers and interactions of their business.
As an entrepreneur your time and money is precious, and understanding the mechanics of your business will allow you to better assess strategic decisions around where, when, and how to invest that time and money.
This course is meant to be very hands on. We will be building a model together live, and while the run time for this course is under 2h, you should not assume your first model will be built that quickly! Be patient, set aside a day to get the structure of your model up and running and then know that you will constantly update the mechanics of your model and research more refined assumptions throughout the life of your business.
Your goal should be to add financial analysis to your entrepreneurial toolset to improve your strategic decision making!
Share your model! I urge students to share as much of their modeling as is comfortable. Ideally students can share a complete model at the end and note one element you built that is unique to your business or one question you couldn't answer. If you feel your model is too proprietary, one option is to change all your assumptions to placeholder numbers so that you can still share the structure you built. I encourage every student to review others' businesses, questions, and models because it will help continue to evolve your financial thinking.
