Instructor: Elaine Chen
Session Description
In this workshop, you will review your business model assumptions in spreadsheet format. What are your assumptions for your unit and overall economics – and how might you test that? What are the drivers for growth – and how can you validate that? What is your pricing structure – and is that compatible with the costs associated with your go to market strategy? What is the length of your sales cycle – and how is that reflected in your 5-year proforma income statement? What is your 5 year strategy/roadmap – and what staffing levels and other resources are required to get the job done? And lastly: what is your startup cost – and how might you raise that capital?
While all the numbers are hypothetical, this deep dive in your financial models gives you a tool for scenario planning, which can help you make strategic decisions for your business.