Tips

Board meetings happen every quarter. The projections prep shouldn’t consume half your week. But for most founders and CFOs, it does. You open the spreadsheet, realize three months of actual numbers need to be entered, discover that someone’s formula changes broke the summary tab, and spend two days getting the model back to a state where you trust it. Then you duplicate it three times for different scenarios, manually build comparison charts, and paste everything into slides at midnight before the meeting. ...

Your financial model is only as good as the assumptions behind it. Get them right and you have a tool for making decisions. Get them wrong and you have a spreadsheet full of fiction. After watching hundreds of startup models, the same five assumptions trip up founders over and over. Here’s what they are, why they matter, and how to get them closer to reality. 1. Fully-loaded cost per employee Most founders model headcount using base salary alone. That’s a problem. Salary is typically only 60-70% of what an employee actually costs you. ...