Every Startup needs to find a model how to operate and how to do business. Sometimes, selecting a business model requires time, trial and error. Choosing a Startup Model seems easy at the beginning but many Startups will have to Pivot during their lifespan in order to fine-tune and adjust themselves to what the market really needs. We would like to give you some insights how to best select your Startup Model. For this, you can work with one of the Startup Financial Model Templates from eFinancialModels.com.
Startup Financial Model Templates in Excel
Startup financial models normally are prepared to obtain visibility over the next months and year’s cash flow needs and to raise funding from investors. A startup financial plan excel file typically seeks to answer the following questions:
- How much funding is required?
- What is the monthly burn rate?
- When do we expect to achieve break-even?
- What kind of return does our project have?
- How much equity stake can we afford to offer to investors?
- What will be the targeted valuation at the time of investor’s exit?
- What return can investors expect?
- How much is the company worth today?
- What is our yearly budget and what is our 5-year financial plan?
So a financial model for a Startup company will have to address most or all of these questions.
Example Startup Financial Plans in Excel
We would like to review some of the best example startup financial plan excel files available, by discussing their business model and the most important questions.
Software as a Service (SaaS) Startup
Software as a Service has become a popular topic among Startups since instead of selling software one time, software is sold as a service and secures monthly income for the Startup. The beauty of this Startup business model is that once customers are on board, they will get used to the service and normally will not leave that easily. Therefore, the key upfront cost lies in the development of the software, the marketing and the carrying of the operating costs until the number of subscribers can be stabilized and cover the operating costs.
One check to perform to know if the Startup Model works is to focus on the customer lifetime value (CLV). To calculate the customer lifetime value, one needs to estimate what the average subscription will be, which a typical customer will pay and for how long. The CLV can be adjusted by also taking into account the operating costs required to deliver the service so that we are talking about a Customer Lifetime Gross Profit (CLGP). The CLGP can then be compared to the customer acquisition costs, e.g. the costs for a Google ad campaign. If the CLGP is higher than the acquisition costs, the Startup should be able to make profits in the long-term.
A simple and straight forward way to project out growth and churn within a SaaS environment.
The SaaS Financial Model provides a simple way to derive the financial forecast for a Software as a Service (SaaS) internet company. The Financial Model calculates the DCF Value, IRR, Breakeven, ARPU, Customer Lifetime Value…
Mobile App Startup Financial Plan
Starting a mobile app has become also a way to launch a business. The beauty of this Startup model is that a popular service potentially can be used by millions of people in on their smartphones. This is a Startup Business Model which potentially is very scalable.
A startup financial model template excel file for a mobile app company should allow to include a variety of revenue streams. Revenues from paid app downloads, in-app purchases, advertisement or subscription revenues. User Lifetime Value now can origin from diverse sources of revenues and not only from subscriptions. Using a Mobile App Startup Financial Model template can provide the framework for the required analysis.
A great tool to model out any recurring revenue service that acquires users through a website or app.
This Financial Model for Mobile Apps provides an easy way to forecast the financial performance for an App sold in the App Stores and deriving revenues from paid downloads, advertisement and subscriptions.
eCommerce Startup Financial Model
Startup financial models for eCommerce stores will have to focus on setting a goal for customers to come back purchasing again from the company. Successful eCommerce Stores manage this very well and keep selling their products to a loyal customer base. So your startup financial plan excel file for an eCommerce store should set such a goal for a repurchase rate. When having such goal it will become easier to validate and finding ways to increase the customer repurchase rate.
This financial model was made to allow the user to specifically plan out the cash flows that commonly relate to the eCommerce space. You can enter all assumptions and it rolls through to all 3…
Additional Startup financial model template excel files are provided below.
This is a Startup Financial Model Template in Excel for a new Health Care Chain with the objective to prepare a budget and forecast for the next 5 years, project the resulting financial statements -…
The financial model is a pro-forma financial projection in Excel for a startup airline. It contains 5 year monthly rolling projections, yearly financial projections, breakeven analysis, valuation and funding section
The Gas Station Financial Model provides you with a framework to plan your new gas station by projecting the financials over a period of 10 years, calculate monthly breakeven for gas sales, calculate IRR's and…
The Mini Storage Business Plan Templates provides a financial plan to start a mini storage business. Enter your expected rent roll and cost structure and calculate Project IRR, Investor IRR and required funding.
This is a financial model template for a new private school startup business. The Excel model allows forecasting the cash flows over the next 10 years for a School Startup offering Kindergarten, Middle School, and…
Plan out the financial plan your hair or beauty salon. The beauty & hair salon business plan goes up to 10 years and has plenty of granularity.
Key logic designed to forecast cash flow up to 10 years for a fitness center that has recurring monthly fees.