In doing our business planing for Synthasite going forward we were lucky enough to be offered the assistance of a great team of MBA students from Georgetown University, thanks to the Endeavor Network. Thanks to Endeavor, we will also be getting the services of a bright young Harvard MBA candidate later this year for 10 full weeks, which we’re very excited about! I encourage entrepreneurs to apply to join the Endeavor program as the support they can offer growing companies is really fantastic.
The Synthasite team got to spend a lot of time with the Georgetown team, both in Washington DC in January and also yesterday in Cape Town, where they made the long trip to come and visit us and present their research to us. It was a great experience, and I highly recommend using these types of resources to assist in business planning in particular.
One of the tools that they prepared for us was this Excel Spreadsheet, which can be used by startups to plan and structure their financial cost projections and courtesy of Trey Davis, who created this spreadsheet, who has given permission to publish it on this blog and offer it to anyone who would like to use it. (Please do not redistribute it, instead please link back to this post).
The costs and calculations for payroll taxes are for California, but can be changed.
For the record – the numbers in there currently are just proxy and no indication of what our financial plan for Synthasite is 
If you enjoyed this post, make sure you subscribe to my RSS feed!
