The easiest way to start building a financial model for any business.

The Runway Budgeting Tool is a three year spreadsheet financial model template to plan your expenses, create a cash budget and forecast runway. Prebuilt consolidated three statement model - income statement, balance sheet, and statement of cash flows - and key charts and summaries. No locked cells, no macros, edit anything. One-time purchase, lifetime access. Select the Model only or add on the Custom Revenue Model option for 2 hours of personal support in building a custom revenue model for your business.

⭐⭐⭐⭐⭐

“As a startup coach and repeat entrepreneur myself, I spend a lot of time in spreadsheets. The Foresight tools that I’ve used are easy to understand, modify, and, perhaps most importantly, the formulas are correct! Beyond the actual spreadsheets, Taylor is a wealth of knowledge and an incredibly quick communicator. He has gone above and beyond what I expected to deliver value.”

Brian Lowe, CEO, Format Health

Walkthrough

Highlights

The Runway Budgeting Tool is used to build a cost budget and forecast cash and runway. Intended to be a simple model with easy inputs for expenses, revenues, and external funding, so that you can get a handle on burn, cash and runway quickly and easily. Good starting point for idea-stage, pre-seed, and even seed-stage founders, advisors, mentors, or consultants that need to create a cost budget and runway forecast with the simplest structure possible.

Structure

The default timescale is a monthly model with annual summaries, built for 36 months (3 years). Easy to amend the total time period - shorter or longer.

Change the base timescale from months to quarters or years by selecting a dropdown. Years can be absolute (e.g. 2022) or relative (e.g. Year 1) to make it easy to create forecasts of speculative businesses and starting points.

Easy to build a custom revenue model

The Runway Budgeting Tool provides no prebuilt structure for forecasting revenues but is completely open, so you may build in any logic to forecast your revenues and expenses - growth rates, customers, users, employees, etc. - in any way you want. More details on integrating a custom revenue model are at How to integrate any model into a Foresight base model.

For a seed-stage entrepeneur, the focus is on costs, and I'd argue that a detailed revenue forecast is not necessary, thus the structural choice I made with the model to focus on costs and not revenues.

If you need a prebuilt revenue model, check out the Standard Financial Model, which shares the same common financial core as the Standard but adds a prebuilt structure to forecast revenues using a range of assumptions around paid and organic growth, sales efforts, conversion rates, churn, repeat purchase rates, prices, cost of goods sold, and much more.

Easy to create cost forecasts

The model offers an extensive structure for forecasting costs, allowing you to input specific costs, one-off and repeating costs using growth rates, and driver-based forecasts, calculating expenses from financial and operational metrics. Each expense line can be selected, through dropdowns, into preset (but editable) SG&A and Cost of Sales categories for reporting purposes.

Create hiring plans by inputting specific roles and hires, or let hires be determined by other metrics (e.g. employees in a certain function, users, customers, many more options).

Input all your expenses, and select the accounting treatment, and the model will handle how the expense is handled in the financial statements, as well as any resulting effects like depreciation, repayment schedules, and more.

Baseline financial and managerial reporting

The model creates consolidated financial statements - income statement (profit and loss, or P&L), balance sheet, and statement of cash flows - on a monthly basis, summarized into annual reports. Applicable worldwide, independent of GAAP or IFRS accounting methods. Equity, debt, and grant funding can be input, and creates sources and uses reports and burn and runway charts automatically.

Model handles corporate taxes and value-added taxes (VAT) automatically, with options for different accrual and payment schedules. Depreciation, accounts receivable, deferred revenues, and other balance sheet calculations have prebuilt logic, change if necessary.

One-time donation or purchase and free access to updates

Model is one .xlsx Excel file or Google Sheets Workbook and is downloaded or accessed immediately. No macros or VBA used. Can be used in Excel, Google Docs, and many other spreadsheet programs. Email or book a call for support anytime. One time purchase, updates automatically distributed for free.

Download immediately and anytime.

You will have the option to download a Microsoft Excel .xlsx file and copy a Google Sheet file immediately after purchase or submission or your email, and anytime through the link in your email receipt, as well as by logging into my transaction provider at Gumroad and creating an account.

Live outside the USA? Purchasing power parity discounts are automatically applied in your cart if applicable.

Use in any recommended spreadsheet program.

Foresight's spreadsheet models can be used in both Excel and Google Sheets interchangeably; simply upload the Microsoft Excel model template from Foresight into Google Sheets, or download the Google Sheets to Excel, and everything will structurally work fine.

The models are originally built in Google Sheets, and the formatting is a bit better in Google Sheets; in Excel you may want to adjust the row spacing, fonts, and chart formatting to get the aesthetics you want.

Your payment is secure.

We accept credit cards, debit cards, and PayPal. The transmission of your billing information is encrypted using secure socket layer technology (SSL/TLS) and will be processed by Gumroad. Foresight does not have access to your payment details (why it's safe).

You'll get a payment receipt by email immediately after purchase. Note, you will see Gumroad, not Foresight, on your payment card or PayPal statement.

Legal

By purchasing or downloading, you agree for Foresight to contact you by email with advice on financial modeling and promotional offers (you may unsubscribe anytime), and you hereby accept the License Agreement. The Terms of Service and Privacy Policy are also available on the website.