Financial Planning for Startups (Planning Tool)

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 :-)

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Comments On This Post

  1. Lee Says:
    March 16, 2007 at 6:43 pm

    Vinny –

    The link to the Excel sheet 404s…

  2. Mike Mothner Says:
    March 16, 2007 at 6:50 pm

    Vinny, don’t think this excel link is working?

    Mike

  3. Vinny Lingham Says:
    March 16, 2007 at 6:52 pm

    Fixed now – sorry about that guys.

  4. Lee Says:
    March 16, 2007 at 4:43 pm

    Vinny –

    The link to the Excel sheet 404s…

  5. Mike Mothner Says:
    March 16, 2007 at 4:50 pm

    Vinny, don’t think this excel link is working?

    Mike

  6. Vinny Lingham Says:
    March 16, 2007 at 4:52 pm

    Fixed now – sorry about that guys.

  7. Estate Planning Attorney Says:
    July 27, 2007 at 7:08 pm

    Thanks Vinny for your article. Really useful.

  8. Estate Planning Attorney Says:
    July 27, 2007 at 5:08 pm

    Thanks Vinny for your article. Really useful.

  9. TS Says:
    September 16, 2007 at 4:48 pm

    Thanks for the very useful Excel Spreadsheet. ;)

  10. TS Says:
    September 16, 2007 at 2:48 pm

    Thanks for the very useful Excel Spreadsheet. ;)

  11. gambling Says:
    April 3, 2008 at 4:52 pm

    that spreadsheet is awesome. great work

  12. gambling Says:
    April 3, 2008 at 2:52 pm

    that spreadsheet is awesome. great work

  13. Financial Planning Says:
    October 29, 2008 at 7:27 pm

    great spreadsheet. Nice job

  14. Becoming Your Own Banker Says:
    November 15, 2008 at 11:55 am

    I thought that was a good spreadsheet. Thanks

  15. Cape Town Villas Says:
    November 23, 2008 at 12:51 am

    I missed this article, even though I subscribe to your RSS feed, can’t figure out why.

    I will unsubscribe and resubscribe :)

  16. Dog items Says:
    December 8, 2008 at 2:12 pm

    Thanks for the spreadsheat. Very helpful.

  17. NYC Brain Injury Says:
    January 22, 2009 at 8:11 pm

    These are excellent helpful ideas. Thank you.

  18. Billigflüge Says:
    February 20, 2009 at 5:06 pm

    Thank u for pointing me to the link of the excel spreadsheet . That was very helpful.I have a project and I really need assistance in business planning.
    As an embedded systems programmer , I have more information about the technical aspects of my project than about its economic aspects.
    I will apply to join the Endeavor program. It corresponds to what I 'm looking for.

  19. GGT Says:
    February 22, 2009 at 3:42 am

    Spreadsheet is very helpful. Thanks!

  20. Billiard Cue Store Says:
    February 24, 2009 at 3:12 pm

    Im starting my own pool cue site.. this should be helpful.. Thanks

  21. disk Says:
    March 10, 2009 at 9:38 am

    These are very good helpful ideas

  22. RidnMoney Says:
    April 7, 2009 at 3:53 pm

    This Spreadsheet is usefull. Thanks for sharing with us.

  23. Infinite Banking Says:
    April 10, 2009 at 4:44 pm

    Very useful and helpful spreadsheet.

  24. Be Your Own Bank Says:
    April 10, 2009 at 4:45 pm

    …and I like the ideas!

  25. blogging tips Says:
    May 19, 2009 at 11:26 pm

    thanks for the spreadsheet, comes in handy

  26. amtria Says:
    May 21, 2009 at 1:32 am

    thank you

  27. grifin Says:
    May 26, 2009 at 5:51 am

    Excellent Planning given in spreadsheet, it is very helpful to me.
    Thanks Vinny !

  28. Terrence Kommal Says:
    May 30, 2009 at 8:28 am

    Great simplified spreadsheet!

  29. Suzy Says:
    June 9, 2009 at 7:57 pm

    The Endeavor program looks great. Not only do you get some great help and knowledge, but that is a great selling point or something to boast about when trying to raise capital.

  30. Thomas , Zauberer Says:
    June 12, 2009 at 10:05 am

    An interessting point of view, thanks for that, greetings from germany , Tom__

  31. Easy diets Says:
    June 14, 2009 at 3:34 pm

    Excel spreadsheet is a very good program if you know the ins and outs.

  32. Shathi Says:
    June 18, 2009 at 8:08 pm

    Yeah, if I had the help of MBA's, I'll be millionare by now….(LOL)
    So what you have to say to a solitair creature who wants to start a blogsite with little funds?

  33. Sulumits Retsambew Says:
    June 24, 2009 at 8:06 pm

    thanks for this nice info, its so useful for me.

  34. Rick Motivation Says:
    June 26, 2009 at 1:50 pm

    looks like great tool

  35. Financial Planning Says:
    July 11, 2009 at 11:26 pm

    Yes, financial planning is really important. And its as important in our personal lives as it is for businesses!

  36. imyshop Says:
    July 12, 2009 at 9:21 am

    Very useful and helpful. I thought that was a good spreadsheet

  37. jonathan Says:
    July 14, 2009 at 6:40 am

    Now after reading this blog, i am trying to make my own business plan….Thanks for posting this blog…

  38. sulumits retsambew Says:
    July 21, 2009 at 8:24 am

    Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon.

  39. Make Money Free Says:
    July 25, 2009 at 5:49 am

    Another great post. Thanks for sharing and glad I subscribe to this great blog!

  40. Link Degisimi Says:
    July 26, 2009 at 12:59 pm

    thanks for the spreadsheet, comes in handy

  41. HView PI Says:
    July 28, 2009 at 8:36 am

    This is a great resource. Thanks for sharing.

  42. acne Says:
    July 29, 2009 at 11:18 am

    Thanks..
    Financial planning is important.Thanks for sharing the tools of planning.It's an excellent idea.

  43. acne Says:
    July 29, 2009 at 11:33 am

    Yes, financial planning is really impotant.Thanks for the tools of planning. I will follow these tools.

    Acne

  44. TeethWhitening Says:
    July 31, 2009 at 11:32 am

    Nice spreadsheet. Thanks..

  45. Goji Berry Says:
    July 31, 2009 at 9:30 pm

    thanks for this nice info, its so useful for me.

  46. computer repair Says:
    August 2, 2009 at 7:26 am

    thanks for this

  47. Share Market Trading Says:
    August 2, 2009 at 7:53 am

    Thanks for access to your spreadsheet. I think that in business the financial planning is the most important part as we all want to make money. And losing money is not much fun.

  48. Stairlift Price Says:
    August 4, 2009 at 10:12 am

    By using tools such as clever excel spreadsheets, it makes many financial decisions, including financial planning alot easier.

  49. Hardware News Says:
    August 5, 2009 at 12:22 am

    The Endeavor program looks great. Not only do you get some great help and knowledge, but that is a great selling point or something to boast about when trying to raise capital.

  50. remove scretch marks Says:
    August 7, 2009 at 12:13 pm

    Excellent spreadsheet.

  51. Cheap Calling Cards Says:
    August 13, 2009 at 5:53 pm

    It's amazing how a couple of formulas can ease you job.

  52. Acai Says:
    August 14, 2009 at 8:45 am

    I have more information about the technical aspects of my project than about its economic aspects.
    I will apply to join the Endeavor program. …

  53. Resveratrol Says:
    August 14, 2009 at 8:48 am

    very insightful post, I'll be subscribing to your feed and I hope you post again soon.

  54. Acai Says:
    August 14, 2009 at 8:59 am

    Not only do you get some great help and knowledge, but that is a great selling point or something to boast about when trying to raise capital.

  55. Natural Technology Says:
    August 14, 2009 at 5:14 pm

    that spreadsheet is awesome. its so useful for me.

  56. Blog Tips Says:
    August 16, 2009 at 11:53 pm

    thank you for sharing

  57. fish oil side effects Says:
    August 20, 2009 at 4:39 pm

    thanks you for your sharong. this can help me.

  58. Amondia Says:
    August 21, 2009 at 3:29 am

    We could need such an excel-tool for german start-ups as well…

  59. games to play online for free Says:
    August 23, 2009 at 7:37 am

    Great spreadsheat thanks

  60. Aviie Says:
    August 23, 2009 at 11:34 am

    Thank you Vinny for you useful post!
    The Endeavor program looks great.
    Thanks again for sharing.

  61. Souvenir Pernikahan Says:
    August 26, 2009 at 12:19 am

    Thanks for your articel

  62. Max D. Says:
    August 27, 2009 at 9:16 am

    Nice spreadsheat!

  63. How to do things Says:
    September 7, 2009 at 10:46 pm

    great spreadsheet. that spreadsheet is awesome. its so useful for me.

  64. 100 mortgage Says:
    September 8, 2009 at 6:23 am

    Super spreadsheet and post, financial planning is always a must.

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Vinny Lingham is an International Award winning Entrepreneur & Search Engine Marketer. He is currently CEO of Free Website maker, Yola.

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