CHAPTER 1

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Business Thinking and Financial Modeling: Success Starts with the Right Mindset

Your financial model is a key management tool. If built correctly, it will provide invaluable assistance in understanding, managing, presenting and explaining your business idea or operations. It can assist you in the simple budgeting of cash, or it can serve as the primary basis for a valuation of your company.

In this chapter, I will explain several concepts related to startups and small to medium sized businesses. I will refer to the great men and women that create and own these organizations as Entrepreneur/Owners. Every business must access financial ...

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