How to Successfully Build a Financial Model for Your Startup

Launching your own business is complicated, especially when it means that you have to take charge, predict, manage, and preserve finances.

This begs the question — do you know what your startup’s finances will look like in six months? How about two years? Do you have visibility into what future considerations you should already be budgeting for?

With a comprehensive financial model for your startup, these insights would be at your fingertips. However, the reality is that it can be challenging for busy entrepreneurs to find the time to build a resilient and effective financial model from scratch.

Framing the opportunity of your startup means that you need to intentionally set boundaries to clearly define your business’s target area, resource allocation, and the magnitude of each business opportunity in numbers. By embracing a future-focused outlook, you will be able to assess the viability and success of your startup from an early stage.

That’s why we’ve decided to host a webinar where our experts can support every step of your financial planning, including building a customizable financial model that delivers the projections you need.

Learn directly from our experts and let them help you design, strategize, and manage your financial model that aligns your budget with your business plan and serves as a guide in the early years.

Agenda:

Introduction and EiR topics
Reasons for having a financial model
The financial model structure
Essential inputs in financial modeling
Two common forecasting approaches
Best practices and common mistakes
Open-floor Q&A
Networking
Speakers:

Grzegorz Tałuć — Senior Financial Analyst at Next Big Thing AG
Anita Dordic — EiR Program Lead at Next Big Thing AG
We can’t wait to have you join us and look forward to welcoming you online!

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About Next Big Thing AG (NBT)

Founded in 2016 in Berlin, Germany, Next Big Thing AG (NBT) is a venture studio for the Machine Economy. With a diverse IoT, AI, and DLT venture portfolio, NBT provides future founders, investors, and corporations with long-term support to build the next wave of data-driven B2B companies.

About NBT’s EiR Program

Next Big Thing’s three-month EiR program is the perfect opportunity for aspiring entrepreneurs to build, test, and refine new ideas into venture-funded companies. Here, you will have the unique chance to create your very own company from scratch and work alongside NBT’s team of experts to develop an impactful venture that solves persistent industry challenges.

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