Task 6: The Finances Workbook

In financial modeling, you will paint a picture of your business's financial situation, including its revenue and expenses, as well as a plan for the future. Done well, a financial model helps startup leaders take control of their numbers. Mapping out your expenses can save you a lot of heartbreak. We often think of supplies as the major expense, but it is important to create a list of expenses including:

• Shipping costs

• Transportation

• Increase in rent, utilities, storage

• Memberships

• Food & drink bills

• Supply costs

• Marketing & Design costs

• Events, conferences, courses, etc.

• Employee benefits or volunteer perks

• Cost of stolen or damaged products

This financial model is essential in understanding the cost of doing business and should be at the forefront of pricing your goods or services.