Financial Modeling for Business Owners and Entrepreneurs [electronic resource] :  Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions /
Sawyer, Tom Y.author.
Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions may be one of the most important books any entrepreneur or manager in a small or medium-sized enterprise will read. It combines logical business principles and strategies with a step-by-step methodology for planning and modeling a company and solving specific business problems. You'll learn to create operational and financial models in Excel that describe the workings of your company in quantitative terms and that make it far more likely you will avoid the traps and dead ends many businesses fall into. Serial entrepreneur and financial expert Tom Y. Sawyer shows how to break your company down into basic functional and operational components that can be modeled. The result is a financial model that, for example, you can literally take to the bank or bring to local angel investors to receive the funding you need to launch your business or a new product. Or it might be a model that shows with startling clarity that your new product development effort is a likely winner-or loser. Even better, you'll learn to create models that will serve as guideposts for ongoing operations. You'll always know just where you are financially, and where you need to be. The models you will learn to build in Financial Modeling for Business Owners and Entrepreneurs can be used to: Raise capital for startup or any stage of growth Plan projects and new initiatives Make astute business decisions, including go/no-go assessments Analyze ROI on your product development and marketing expenditures Streamline operations, manage budgets, improve efficiency, and reduce costs Value the business when it is time to cash out or merge In addition to many valuable exercises and tips for using Excel to model your business, this book contains a combination of practical advice born of hard-won lessons, advanced strategic thought, and the insightful use of hard skills. With a basic knowledge of Excel assumed, it will help you learn to think like an experienced business person who expects to make money on the products or services offered to the public. You'll discover that the financial model is a key management tool that, if built correctly, provides invaluable assistance every step of the entrepreneurial journey. Tom Y. Sawyer has used the principles this book contains to create financial models of numerous startup and early-stage companies, assisting them in planning for and raising the capital that they needed to grow their businesses and ultimately exit with multiples of their initial investment. Financial Modeling for Business Owners and Entrepreneurs, a mini-MBA in entrepreneurship and finance, will show you how you can do the same. Note: This book is an updated version of Sawyer's 2009 title, Pro Excel Financial Modeling.
""Contents at a Glance""; ""Contents""; ""About the Author""; ""About the Technical Reviewer ""; ""Acknowledgments""; ""Introduction""; ""Part 1: The Foundations of Financial Modeling""; ""Chapter 1: Business Thinking and Financial Modeling: Success Starts with the Right Mindset""; ""Analyzing, Demonstrating, and Explaining the Value of the Financial Model""; ""Attracting the Resources You Need to Grow Your Business""; ""The Big Questions""; ""Strategies That Build Value and Credibility""; ""Performance and Execution Strategies""; ""Getting There Fast""; ""Taking Early Action""
""Using a Feedback Loop and Responding Rapidly""""Using Prototypes for Simultaneous Research and Selling""; ""Being Agile with Technology and Product Development""; ""Remembering that Cash Is King""; ""Keeping Good Books""; ""People and Process Strategies""; ""Securing the Team""; ""Putting Skin in the Game""; ""Sealing the Deal Early""; ""Planning for Growth""; ""Ownership and Control Strategies""; ""Knowing What You Own""; ""Owning Technology""; ""Common Ways of Getting Stuck""; ""Looking at Your Company from the Perspective of Value""; ""The Value-Based Enterprise Perspective""
""Four Primary Value Events""""Proof of Product (POP)""; ""Proof of Market (POM)""; ""Proof of Scale (POS)""; ""Cash Flow Positive""; ""Critical Thinking about the Business and Financial Model""; ""Financial Model Design Principles""; ""Financial Model Design Dimensions""; ""Ability to Generate Standard Financial Reports""; ""The Unique Structure of your Business Model""; ""Operating Variables""; ""Period of Performance""; ""Major Functions Performed by the Model""; ""Summary""; ""Chapter 2: The Company Business Model: Envisioning and Realizing Your Future""; ""Designing a Company""
""Business Thinking About Financial Modeling""""Applying the Project Planning View""; ""Applying the Software Development View""; ""Creating the Company Business Model""; ""Using the Top-Down Approach""; ""Deriving the Model Structure""; ""Developing Operational Models""; ""Developing Financial and Reporting Models""; ""Organizing the Sequence of the Models""; ""Suggested Sequence of Development for the Operating Models""; ""Required Sequence of Development of the Financial Models""; ""Understanding the Worksheet Types and Naming Conventions""; ""Defining the Period of Performance""
""Developing the Modelsâ€? Design and Functionality""""Initiating and Planning the Model""; ""Outlining the Functional Requirements of the Model""; ""Creating the Top-Level Model Design Specifications""; ""Performing Calculations""; ""Building, or Coding, the Model""; ""Summary""; ""Chapter 3: Green Devil Control Systems: Our Business Case""; ""Founding Green Devil Control Systems""; ""Giving Birth to the Idea""; ""Getting the Company Started""; ""Testing Market Feasibility""; ""Assessing Technical Feasibility""; ""Validating Resource Feasibility""; ""Designing the Company""
""Stating the Company Purpose""
"The expert's voice in financial modeling"--Cover.
Includes index.
Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions may be one of the most important books any entrepreneur or manager in a small or medium-sized enterprise will read. It combines logical business principles and strategies with a step-by-step methodology for planning and modeling a company and solving specific business problems. You'll learn to create operational and financial models in Excel that describe the workings of your company in quantitative terms and that make it far more likely you will avoid the traps and dead ends many businesses fall into. Serial entrepreneur and financial expert Tom Y. Sawyer shows how to break your company down into basic functional and operational components that can be modeled. The result is a financial model that, for example, you can literally take to the bank or bring to local angel investors to receive the funding you need to launch your business or a new product. Or it might be a model that shows with startling clarity that your new product development effort is a likely winner-or loser. Even better, you'll learn to create models that will serve as guideposts for ongoing operations. You'll always know just where you are financially, and where you need to be. The models you will learn to build in Financial Modeling for Business Owners and Entrepreneurs can be used to: Raise capital for startup or any stage of growth Plan projects and new initiatives Make astute business decisions, including go/no-go assessments Analyze ROI on your product development and marketing expenditures Streamline operations, manage budgets, improve efficiency, and reduce costs Value the business when it is time to cash out or merge In addition to many valuable exercises and tips for using Excel to model your business, this book contains a combination of practical advice born of hard-won lessons, advanced strategic thought, and the insightful use of hard skills. With a basic knowledge of Excel assumed, it will help you learn to think like an experienced business person who expects to make money on the products or services offered to the public. You'll discover that the financial model is a key management tool that, if built correctly, provides invaluable assistance every step of the entrepreneurial journey. Tom Y. Sawyer has used the principles this book contains to create financial models of numerous startup and early-stage companies, assisting them in planning for and raising the capital that they needed to grow their businesses and ultimately exit with multiples of their initial investment. Financial Modeling for Business Owners and Entrepreneurs, a mini-MBA in entrepreneurship and finance, will show you how you can do the same. Note: This book is an updated version of Sawyer's 2009 title, Pro Excel Financial Modeling.
Microsoft Excel (Computer file)
Microsoft Excel (Computer file)
Business.
Management science.
Application software.
Business and Management, general.
Computer Applications.