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Many times I have been asked about various resources which can help a startup plan their financials. How to make a business plan, a cash flow statement… etc
Starting a new business is exciting, but if you dont manage your cash flows, you might run out of money quickly. So planning from a bottom up approach is essential. Ask yourself how much you need to survive if you have no revenue for 3 month or 6 months. Then start putting figures on an excel sheet.
I started with a whiteboard
To make life easier, I thought it would be helpful to post some templates of basic business plans, income and cost sheets for people to get started. So here it is a sample Excel Cost Sheet in Excel.
Have fun, enjoy your startup but keep an eye on cash flows…