What Financial Modeling Tools Are Available for Entrepreneurs?
Several tools can assist entrepreneurs in creating and maintaining financial models:
Excel: Microsoft Excel is one of the most commonly used tools for financial modeling due to its flexibility and powerful built-in functions. Google Sheets: An online alternative to Excel, Google Sheets allows for real-time collaboration and easy sharing. QuickBooks: This accounting software includes financial modeling features, such as budgeting and forecasting. PlanGuru: A specialized financial planning and analysis tool designed for small businesses and startups. LivePlan: A business planning tool that includes financial modeling features, ideal for startups seeking investment.