Financial forecasting can offer valuable insights into any business. Startups benefit in particular. Projections can help a new venture evaluate the viability of its business model and strategize for future growth. The practice is not perfect, though. Challenges remain.
Without historical data, startup financial modeling requires a more speculative approach with assumptions based on market analysis and comparable business models. While you may know how to build a financial model, this guide will take that knowledge one step further, enhancing your financial modeling for startups skills.