2. Financial Modeling for Startups

Financial modeling for startups involves creating representations of a company's financial performance and projections. This process typically includes building spreadsheets that forecast revenues, expenses, cash flow, and profitability over time. Startups use this modeling to assess their business viability, plan for funding needs, and set financial goals. The model helps entrepreneurs make informed decisions and communicate their potential to investors by illustrating how the business might grow and become profitable. Essentially, it's a tool that allows startups to visualize their financial future and strategize accordingly.