Starting and growing a successful real estate brokerage involves various steps, each requiring a different set of skills and expertise. Here's a general guide to help you understand the process:
Editable financial models to help validate the economics of your business. Now, anyone can create a financial projection. email me: jason@smarthelping.com
Places Of Interest
Car Wash Startup Costs
Starting a car wash can require a significant amount of upfront investment. The startup costs can vary based on the scale and type of car wash (automated, self-service, full-service, mobile, etc.) that you want to set up. Also, it will make a big difference depending on if you are acquiring a car wash or constructing a new car wash. However, here's a general list of possible expenses:
Latest Condo Development Innovations and Impact on Developers
Innovations in condo development are driven by factors such as consumer demand, technological advancements, changing lifestyles, sustainability concerns, and even pandemic-induced trends.
Manufacturing Demand Planning and Financial Modeling
Manufacturing demand planning is a crucial part of the supply chain process, primarily involving forecasting demand for a product, then planning how to meet this demand. This process ensures that goods are produced at the right time, in the right quantities, to meet customer needs, while also balancing cost-efficiency. An efficient demand planning system can reduce waste, lower costs, increase sales, and enhance customer satisfaction.
What is ARR in SaaS and How to Calculate
ARR stands for Annual Recurring Revenue. It is a key metric used by SaaS (Software as a Service) businesses. ARR measures the value that a business would earn from a customer over the period of a year, assuming that the customer continues to use and pay for the service.
BRRRR Real Estate Investing Strategy
BRRRR strategy in real estate means Buy, Rehab, Rent, Refinance, Repeat): This strategy involves buying a property, fixing it up, renting it out, and then refinancing it to withdraw your capital out (or at least some of it). This allows you to reinvest that money into another property, effectively growing your portfolio without needing to invest additional capital. However, this strategy requires a good understanding of renovation costs and the ability to manage renovation projects, as well as favorable lending conditions.
Keep in mind this is not investment or financial advice, use at your own risk, and consult with a professional if need be. (I just build the templates)
Some Ways to Get Into Real Estate Investing if You are Just Starting Out
This is not financial advice so use at your own peril and do you own research.
Getting started with real estate investing can be a powerful way to generate wealth, but it's important to understand the potential risks and rewards. Here are some strategies to get started:
Real Estate Investing: Better to Build or Acquire a Mobile Home Park?
Whether it's better to buy or build a mobile home park depends on several factors such as your investment objectives, experience, financial resources, risk tolerance, and the specific circumstances of the local real estate market. Here are some considerations:
Lending Articles
The lending industry has been around for a long time. Some say it originated when merchants would give loans to grain farmers in 2,000 BC when they carried goods from city to city. Formal banks started coming up around the 1400s and there is still one that has continually existed since then. The point is money lending has been around society forever. Here are some insights about the industry and you can get money lending startup business models here.
- Interest Rates
- Lending Activity, Inflation and the FED
- When is the Right Time for an Interest Rate Swap
- How Changing Interest Rates Impact Banks and Lending
- How Interest Rate Swaps are Used
- General Lending Business
- Cash Advance Business
- Analyzing a Loan Portfolio
- Loan Tape Cohort Analysis
- Types of Lending Businesses
- Scaling a Lending Business
- Lending Business Credit Score Modeling
- Lending Business Compliance and Regulation Considerations
- When are Lending Businesses at Highest Risk for Failure?
- Strategy
- Hawkish vs Dovish
- What is a Debt Covenant
- How to Structure Your Lending Business Loan Offerings
- Best Environment to Start a Lending Business
- How Do Early Repayments Effect Lending Businesses
- General
Valuation Articles
Evaluating businesses of your own or ones you are looking to acquire involves valuation. That means figuring out what something is worth based on various assumptions. Check out some general valuation models here.
- Valuation Metrics
- Calculating Risk-adjusted Returns
- Limitations of Using WACC
- CAPM (capital asset pricing model) Calculation Explainer
- How to Determine a Discount Rate
- Discount Rate and Finance
- Real Estate
- Financial Modeling
- DCF Models and Valuation
- Discount Rate Conversion Formulas for Varying Period Lengths
- What is FCFF and How to Calculate
- Types of Financial Models Asset Managers Use
- How Equity Researchers Use Financial Models
- Small Business Valuation
- Business Valuation Excel Template
- How to Calculate EBITDA and Considerations
- SDE and Manufacturing Business Valuation
- How to Calculate Seller's Discretionary Income
- General
HR (Human Resources) Articles
HR management is tough and the more organized you are, the better your job and HR department will function. Check out HR spreadsheets here.
- Payroll
- Payroll Best Practices
- What Makes a Good Payroll Spreadsheet
- Incentivizing with Money: Employee Motivation Strategies
- Scheduling
SaaS Articles
Topics here will include Software-as-a-Service, general subscription businesses, membership businesses, and anything that has a focus on recurring revenue contracts. Check out SaaS financial models here.
- SaaS Modeling
- Financial Modeling for a New B2B SaaS Startup
- Rule of 40 in SaaS
- SaaS CFO Dashboard
- SaaS Pricing Models and Templates
- Calculating Negative Churn and How to Attain
- Excel-based SaaS Financial Model
- Early-Stage SaaS Financial Models
- What is ARR in SaaS and How to Calculate
- SaaS Cohort Financial Modeling Example
- Why Financial Modeling is so Difficult for SaaS Businesses
- SaaS Management Spreadsheets vs SaaS Financial Projection Models
- SaaS Modeling with AE and SDR Ratios
- Subscription Business Modeling Challenges: Rolling Revenue Forecast
- SaaS and MRR (monthly recurring revenue)
- Best Practices in Cohort Modeling for Subscription Businesses
- Strategies
- How to Reduce Revenue Leakage
- The Worst SaaS Businesses to Start or Acquire
- The Most Successful SaaS Strategies and Risks
- The Best LTV to CaC Ratio to Go Public
- Product-as-a-Service Business Ideas
- Conservative SaaS Growth Strategies
- How to Monetize Open Source Software
- Partnership Strategies - Platform vs Developer
- Impact of Adding a Subscription Service to Your Product
- Cheapest SaaS Companies to Run
- Importance of Network Effects
- Benefits of Operating a Recurring Revenue Business
- Structure
- Mobile App
- How Much to Spend on Ads?
- Mobile App Business KPIs
- Financial Modeling Techniques for Mobile App Business
- Advantages and Disadvantages of Starting a Mobile App Business
- Marketplaces
- The Most Popular Subscription Marketplaces
- Marketplaces Succeed or Fail Because of Trust/Reputation
- Subscription Pricing Strategies for a Marketplace
- What is a Marketplace?
- Marketplace Economics - Modeling Approaches
- Product + Service Subscription
- Product-as-a-Service
- Subscription Box
- General
Joint Venture Articles
GPs and LPs are always engaging in deals together. These structures can vary greatly and understanding joint venture terminology and concepts can help both investors and operators navigate operating agreements much easier. Check out all CF waterfall models here.
- Preferred Investing
- Preferred Equity vs Preferred Return
- Benefits of Preferred Equity over Common Equity
- Preferred Equity Explained in Simple Terms
- Preferred Return Joint Ventures and Exit Strategy Implications
- Preferred Equity vs Debt Financing
- How a Preferred Return Investment Fund Works
- Types of Preferred Equity
- Preferred Return Effect on Total Return on Investment
- Origins of Preferred Equity
- Who Typically Invests in Preferred Equity Deals?
- The Right Conditions for a Preferred Equity Joint Venture
- Simple Preferred Return Structure
- Real Estate Syndication
- Modeling GP Fees for Real Estate Syndication
- Setting the Preferred Return Rate in a Real Estate Joint Venture
- Explaining IRR Hurdles for Dummies
- Negotiating Preferred Equity Terms in Real Estate
- Legal Structure of a Preferred Return Joint Venture
- Downsides of Preferred Equity in Real Estate
- IRR Hurdles and Joint Venture Real Estate Investing
- General Cash Flow Waterfalls
- Waterfall Distribution Excel Template
- Modeling an IRR Hurdle Catch-up Provision
- Update to Preferred Equity Template
- General Structure for IRR Hurdle Waterfalls and Preferred Return Models
- IRR Hurdles are Superior when Evaluating an Investment
- Update to Preferred Return Template - Return of Equity Callout
- Modeling Monthly vs Annual Distributions in a Cash Flow Waterfall
- More or Less Hurdles in an IRR Hurdle Structure
- Preferred Equity Waterfall Modeling Considerations
- Cash Flow Waterfalls and Joint Ventures: High Level Overview
- European vs American IRR Hurdle Waterfall Structure
- General
General Industry Articles
Enjoy a vast array of insights across many industries. Tips and tricks to help all sorts of small business operations. Check out bottom-up financial models for 50+ industries here.
Learn more about what a feasibility study is (including financial feasibility) as that is what most of the work done here at SmartHelping involves.
- Used Car Dealerships
- Just-in-Time Inventory and Car Dealerships
- Tips for Selling Used Cars
- What Makes a Successful Car Salesmen
- Used Car Dealership KPIs
- Consistently Profitable Car Types to Sell
- Downsides to Starting a Used Car Dealership
- Tips for Starting a Used Car Dealership Business
- Spreadsheets for Used Car Dealerships
- Pros and Cons of Starting a Used Car Dealership
- Equipment Rental
- Most Profitable Items to Rent Out
- 10 Equipment Rental Business Model Strategies
- Most Popular Types of Units to Build an Equipment Rental Business Around
- Equipment Rental Industry Trends
- Financial Modeling Techniques for Equipment Rentals Businesses
- How to Determine Pricing for Your Equipment Rental Business
- Pros and Cons of Starting an Equipment Rental Business
- Construction / General Contractors
- Construction Business KPIs and How to Improve Each One
- Managing Periods of Negative Cash Flow (general contractors)
- Risk Management for General Contractors
- PPPs (public / private partnerships) and the Construction Industry
- 5 Steps for Starting a Successful Construction Company
- Tips to Save Money as a Construction Business Owner
- Journal Entries in a Construction Business
- Why Do Construction Companies Fail?
- How to Calculate Profit per Job for Construction Company
- Starting a Construction Business is Like an Orchestra
- Competitive Advantages for a Construction Company
- Car Wash
- Starting a Car Wash Empire: Step-by-step Guide
- Car Wash Startup Costs
- Car Wash Business Analytics
- Car Wash KPIs
- Car Wash Marketing Strategies
- Car Wash Business Sustainability Practices
- Car Wash Economics and Modeling Tips
- Does Your Car Wash Business Have These Features?
- Car Wash Valuation
- Manufacturing
- Importance of Cost Allocation
- Semiconductor Manufacturer Unit Economics
- Estimated Startup Costs for a Manufacturing Business
- Made to Order Manufacturing: Financial Modeling Tips
- Manufacturing Demand Planning and Financial Modeling
- What Types of Manufacturers Benefit the Most from What-if Analysis
- What Makes or Breaks a Manufacturing Business
- Volume Discount Pricing Utilization
- COGS and Manufacturing
- What It Takes to Get a Manufacturing Plant Started
- What is "Industry 4.0" In Manufacturing
- Sustainable Products to Build a Manufacturing Business Around
- Considerations When Starting a Manufacturing Plant
- Laundromat
- Components of a Laundromat Financial Projection
- Maximizing Laundromat Profitability
- Downsides of Starting a Laundromat
- Best Locations to Start a Laundromat
- Franchisor / Franchisee
- Types of Franchise Business Models
- Modeling Techniques for Franchising or Licensing
- Interesting Franchises to Open Up
- The Business of a Franchisor is All About Branding
- Different Types of Franchise Business Models
- What is the Right Franchise for You?
- Franchising or Licensing, What's Best for You?
- Cruise Ship / Boat Touring
- Professional Services Firm / Agency
- Vending Machines
- Advantages and Disadvantages of a Vending Machine Business
- Strategies for Starting a Vending Machine Business
- Brick and Mortar
- Mining
- Golf Course
- Auto Repair Shop
- Strategies for Keeping an Auto Repair Chain Running During Slow Times
- List of Equipment and Tool Costs for Auto Repair Shop
- Major Risks of an Auto Repair Shop
- Strategies for Operating an Auto Repair Shop
- Apple Orchard
- Pawn Shop
- eCommerce
- 3D Printing
- Recycling
- Jewelry Business
- Driving Range
- Bike Shop
- Scaling
- Sustainability / Alternative Businesses
- Opportunity in the Wind Farm Business
- Financial Model Templates for New and Innovative Businesses
- Hydroponics - Understanding Revenue Forecasting Logic
- Locksmith Business
- Food
- Travel
- Ad Agency or Network
- Cloud Computing
- Hedge Funds
- Daycare Service Facility
- Home Service
- General
- Scaling vs Single Operation Models
- Four-wall EBITDA Explanation and Analysis
- Can Good Managers Thrive in Any Industry?
- Financial Model Templates for the Most Profitable Businesses
- Asset-to-Liability Ratio Management and Considerations
- Simple Cash Flow Projection Template
- What's More Important for Business Success, The Product or The Team?
- Running Synergistic / Complementary Businesses
- Determining Pricing in the Lumber Business
- Examples of Volume Pricing in Various Industries
- Things to Consider When Selling Your Business
- When Should You Take Your Company Public?
- How to Determine Your Product Price Point
Accounting and Finance Articles
Topics related to general finance and accounting departments. Check out more spreadsheets for accountants here.
- Financial Statements
- How to Calculate Gain/Loss on Sale - Indirect Method - Cash Flow Statement
- Example of Non-profit Financial Statements
- Major Events Effecting Financial Reporting Standards Throughout History
- Depreciation and Financial Statements
- Calculations
- Non-cash Expense Items
- Direct vs Indirect Method for Cash Flow Statement Preparation
- Fair Value vs Historical Cost Accounting
- Difference Between Required Rate of Return and Discount Rate
- Difference Between EBITDA and Cash Flow
- Excel Cash Flow Statement
- MOIC (multiple on invested capital)
- Efficiency
- XLOOKUP Function, Excel, and Finance
- Technology, AI, and Accounting
- Most Helpful Spreadsheets for Accountants
- What Does it Mean to Streamline Efficiency?
- Cash Flow Management
- Simplify Your Finance Department
- Working on Spreadsheets with Others
- Automating Profit and Loss Statements
- Customer Segmentation and Accounts Receivable Management
- Accounts Receivable Optimization: Reducing AR Days
- Financial Modeling Techniques
- Why Excel is the Best Solution for Financial Planning and Analysis
- 3 Statement Modeling and Capex
- Inventory Integration with Financial Model Templates
- Sales Forecasting Methods
- Components of a 3-Statement Model
- Pro Forma Excel Template
- Financial Modeling Templates
- 3 Statement Model Excel Template
- Deriving Startup Costs and Working Capital Requirements for a Startup
- 20 Tips for Using a Financial Projection Template
- Merging Financial Model Templates
- How to Derive Initial Investment Requirement
- Why I Include a Pro Forma Detail Between Assumptions and Financial Statements
- What Makes a Good Financial Model Template
- Sales Tracker
- Using Data Tables in Financial Models
- Why a 3-Statement Model is Helpful in Financial Modeling
- FMCG and Financial Modeling
- Financial Modeling Techniques Driven Off Headcounts
- Financial Modeling Using Customer Behavior Patterns
- Modeling Accounts Receivable in a 3-Statement Model
- What Makes a Good Financial Dashboard Template?
- Seasonality in Financial Models
- Good Spreadsheet Design Strategies
- Inventory
- Strategies to Manage Inventory at Multiple Locations
- Why FIFO Calculation Automation is so Challenging to Model in Excel or Google Sheets
- How to Determine Safety Stock
- Steps to Calculate Inventory Reorder Point
- Inventory Management Procedures
- LIFO vs FIFO Inventory Accounting
- Accounts Receivable and Payable
- Learning the Basics of Accounts Receivable
- Accrual Accounting Entries for Receivables and Payables
- Best Practices for Accounts Payable and Receivable Management
- Depreciation
- Job Costing
- Sales Pipeline Dashboards
- Real Estate Finance
- Crypto Economics
- Putting Home Sales and Settlement on the Blockchain
- Economic Limitations of Blockchain and Cryptographic Token Ecosystems
- Break-even
- Leveraged Buyout
- Using Financial Models
- What Can be Achieved with Excel Financial Models?
- Example of Using a Financial Model Template to Test What is Feasible
- How Policymakers and Regulators Use Financial Models
- How Academics and Students Use Financial Models
- How Entrepreneurs and Startups Use Financial Models
- Financial Models Treasurers and Risk Managers Use
- Project Finance
- How Management Consultants Use Financial Models
- Venture Capital and Financial Modeling
- Private Equity Professionals and How They Use Financial Models
- How Corporate Finance Professionals Use Financial Models
- How Investment Bankers Use Financial Models
- Who Uses Financial Models?
- Corporate Finance
- What is a SPAC?
- Qualifications and Responsibilities of a CFO
- Matching Principle in Accounting
- Capital Structure Theories
- General
- The Time Value of Money
- Financial Template Excel
- Excel Finance Spreadsheet Template
- How Can Financial Modeling Help My Failing Business?
- Building an Accounting System in Excel
- What is Working Capital?
- Consultants Can Use Excel to Track Billable Time
- Some Approaches to Volume Discount Pricing
- Strategies for Repaying Multiple Loans
- What is a Competitive Advantage in Business?
- What is a Cap Table and How is it Structured
- Is Cash Flow the Most Important Thing for a Business to Manage?
General Investing Articles
I cover a wide range of topics here that are related to evaluating investments of any kind.
- Metrics
- Sustainability
- Stocks
- Public REITs with Conservative Leverage Strategies
- What Happens When you Own a Significant Amount of a Public Company's Stock
- Where Does Your Money Go When You Buy the S&P 500 Index?
- Dividend Investing Strategy
- Successful REITs Do These Things
- Wealth
- General
Real Estate Articles
All the knowledge you need to know about real estate investing by asset type. You can check out all the real estate models I've built here.
- Syndication
- Apartments
- Assisted Living
- Best Locations for Assisted Living Facility
- Why Assisted Living Facilities Fail
- Financial Forecasting Considerations for an Assisted Living Facility
- Optimizing Occupancy Levels in an Assisted Living Facility
- Hotel
- Hotel Underwriting Model
- Why Would Anyone Want to Run a Hotel?
- Key Metrics for Hotel Financial Modeling
- How to Invest in Hotels - For Real Estate Investors
- Multi-family
- What are Concessions in Real Estate Underwriting?
- What is "Economic Vacancy" in Real Estate Modeling
- What is "Loss to Lease" in Real Estate Modeling
- Issues Landlords Face in Multi-family Leasing and Solutions
- What Makes a Good Multi-family Underwriting Model
- Multi-family Investing Strategies
- Importance of Showing Existing and Stabilized Financials in Multi-family Underwriting
- What is Multi-family Real Estate?
- Role of Debt in Multi-family Real Estate Investing
- Mixed-use
- Self-storage
- Self Storage Underwriting Models
- Self-storage Real Estate Investing Strategies by Risk Levels
- Best Locations for Self-storage Facility
- Reasons Why a Self-storage Business Fails
- Pros and Cons of Self-storage Real Estate Investing
- Short-term Rentals
- STR Beginner Strategy for Real Estate Investing
- Short-term Rental Business and Occupancy
- A General Overview of the Airbnb Industry and Strategies for Hosts
- Calculating the Profitability of Airbnb Homes
- Sustainability of Airbnb Businesses
- Popular SaaS Products for STR Operators
- Average Margins of the Short-term Rental Business
- Airbnb Can be Fun and Exciting (arbitrage strategies)
- Mobile Home parks
- MHP Investing: Better to Build or Buy?
- Competitive Advantages of the Biggest Mobile Home Park Operators
- Mobile Home Park Investing Opportunities
- The Bull Case for Investing in Mobile Home Parks
- Strategies for Expanding a Mobile Home Park
- Strategies for Investing in MHPs
- Real Estate Brokerage
- How to Grow a Successful Real Estate Brokerage
- Ethics and Real Estate Brokerage Businesses
- General Valuation Methods for a Real Estate Brokerage
- Competitive Advantages in the Real Estate Business
- Seller Financing
- How to Sell Your House Using Seller Financing
- Seller Financing and the Real Estate Industry
- Using Seller Financing to Sell Your Business
- Industries That Use Seller Financing the Most
- Best Circumstances to Use Seller Financing
- Basic Seller Financing Amortization Schedules
- Condos
- Strategy
- Strategies for Investing in Land
- Debt Funds and Real Estate
- When a 1031 Exchange Makes Sense
- Sale-leaseback and 1031 Exchange
- Carried Interest Waterfall Model
- Importance of Debt When Evaluating Real Estate Investments
- BRRRR Real Estate Investing Strategy
- Investing in REITS vs Direct Property Acquisition
- Competitive Advantages for Real Estate Investors
- Opportunity Zones and Real Estate Funds
- REITs
- Hospitality
- General
- Overlooked Things in Real Estate Due Diligence
- Property Analysis Spreadsheet
- Real Estate Investment Template
- Foundations of Real Estate Financial Modeling
- Rent Spreadsheet Templates
- Long-term Real Estate Outlook and Best / Worst Case Scenarios
- 5 Terms to Know for Real Estate Investing
- Accounting for Leasehold Improvements
- Due Diligence for Real Estate Acquisitions
- How Real Estate Professionals Use Financial Models
- Ways for Beginners to Get into Real Estate
- Real Estate Trends Over the Next 20 Years
- Real Estate Syndication Deal / Agreement Overview
- Construction Loan Financial Modeling Update to Real Estate Models
- Metrics
IRR vs Cash-on-Cash: What's Better For Evaluating an Investment?
Internal Rate of Return (IRR) and Cash-on-Cash Return are both metrics used in the world of finance and investing to gauge the performance of an investment. However, they measure different things and are best used in different contexts. Here's how they compare and contrast:
Self-storage Real Estate Investment Strategies by Risk Level
Self-storage investment strategies can be classified into different risk categories, primarily including low-risk, moderate-risk, and high-risk. These categories are not absolute and can have some overlap. The investment strategy you adopt will depend on your risk tolerance, financial situation, and investment goals. Let's dive in:
How to Simplify Your Finance Department
Simplifying the finance department can lead to improved efficiency, cost savings, and better decision-making. Here are some strategies to effectively simplify your finance department:
When is the Best Time to Use Seller Financing as a Buyer?
If you've never heard of seller financing, but are a real estate investor (as a buyer of properties), it is worth understand the term 'seller financing' and some information about it.
Tips for Selling Used Cars
Selling a used car can be an overwhelming process, but with proper preparation and execution, you can maximize your chances of a successful sale. Here are some tips to help you sell your used car:
SaaS MRR Calculator
Managing a SaaS business can get cloudy real quick. This financial model template was geared towards the most important metric for recurring revenue subscription companies. That is MRR and how that MRR has changed from period to period. It is probably the most important metric when figuring out what is driving growth or losses.
Preferred Equity vs Preferred Return - Comprehensive Explanation
Preferred equity refers to a class of ownership in a company that gives certain privileges and preferences to the shareholders holding such equity. Preferred equity holders have a higher claim on the company's assets and earnings compared to common equity holders in the event of liquidation or distribution of profits. A preferred return can fit inside a deal that has preferred equity or a preferred return could be the only aspect of a deal. I've seen this type of financing used for investors in many businesses (not just real estate).
Modeling GP Fees for Real Estate Syndication Deals
Today, we'll be delving into the realm of real estate fund mathematics. Our main focus will be on GP fees and how they flow through to the waterfall. I've already provided a rough sketch, and we'll now go through the calculations and discuss the process. For more real estate waterfall models, navigate to the real estate tab at the top.
SaaS Cohort Financial Modeling Example
In the below video I discusses cohort modeling for SaaS (Software as a Service) businesses and its impact on financial forecasting. Cohort modeling involves analyzing a group of customers who join in a specific month and tracking their performance over time. I explain the configuration and assumptions used in the model, such as contract value, retention rate, and churn.
Short-term Rental Businesses and Occupancy
If you want to know the number one risk and number one biggest factor that will determine the success or failure of your STR real estate business, it is occupancy. You want to track and measure this over time if nothing else. Below are some ways you can optimize occupancy.
The Purpose of Doing a Cost Segregation Study
Cost segregation is a tax planning strategy that involves the identification and reclassification of components of a property for the purpose of accelerating depreciation deductions. In simpler terms, it is a method used by property owners to optimize their tax savings by breaking down the cost of a property into different components that can be depreciated at different rates.
Methods to Derive Investment Requirements in a Startup Financial Model
Most of the financial model templates you see here on the site can be used as a startup forecasting tool. One of the more complicated logical things to build is the initial investment requirement. It may seem simple at first, but once you get down into the nitty gritty things can become less clear.
Why is Financial Modeling so Tough for SaaS Businesses?
If you didn't know, the first ever financial model template I built was for SaaS businesses. It was a long journey to get from there to here and along the way my modeling techniques have evolved to meet the needs of customers. There are all sorts of permutations in the industry and usually everyone has their own unique monetization strategy / subscription pricing that they want to use. However, general templates can be very useful when you stick to building the underlying logic and doing it just right can mean a long-term useful model to a wide audience. This is probably the most challenging type of financial model I have built next to cash flow waterfalls for real estate.
New Housing Development or Condos: 10 Year Real Estate Financial Model
The financial analysis of a new housing development involves assessing the costs and potential returns associated with the project. It includes evaluating factors such as land acquisition, construction costs, financing options, projected sales, and operating expenses. By conducting a comprehensive financial analysis, developers can make informed decisions about the feasibility and profitability of the housing development before proceeding with the project. You get a detailed and ready-to-work template out of the box with this file.
Excited for the New Condo Development Template
Hey everyone, happy Friday. I'll be headed out on some family stuff over the weekend, but on Monday I've got a brand new template I'm building from scratch. It is going to be for the development of condos. Here I'll talk about some general things I'm considering prior to jumping into the sheet.
Biggest Reasons Hospitality Businesses Fail
Hospitality businesses include hotels, airbnb / short-term rentals, assisted living facilities, coffee shops, and cruise ships. There are more, but those are the ones I've done a financial model template for. Once you think you've got a good financial plan in place, there are other things to do to avoid failure. These are not rocket science things, but they are really valuable if you just do them.
Conservative Growth Strategies for SaaS Businesses
First and foremost, if you are scaling a SaaS business, you need to know your numbers and the unit economics of the business. No matter if you are scaling slowly and conservatively with lower budgets or quickly and with large budgets, a firm understanding of things like average CAC, average LTV of a customer, all your pricing / bundle strategies, and any costs that scale up with user counts. That means a good financial model of some sort will be useful. These things are hard to visualize and calculate in your head if not near impossible.
Why I Include a Pro Forma Detail Between Assumptions and Financial Statements in my Templates
Using a financial model template is valuable because it provides a structured framework for analyzing and projecting financial data, saving time and effort in building models from scratch. Additionally, templates often incorporate best practices and industry-specific formulas, improving accuracy and reliability of financial forecasts.
Working on Spreadsheets with Others
Besides building financial model templates, I also end up doing work for clients that involve me jumping into spreadsheets where there are multiple people doing various things. I don't do it quite as much now as I used to, but it still happens from time to time. So, I'll try to share some things that may help reduce some of the headaches that will inevitably pop up.
Financial Modeling Approaches for Franchisor / Licensing Business Acquisition
When reviewing a franchisor's financial model template, there are several key aspects you should pay attention to. These elements can provide insights into the franchisor's financial health and potential profitability.