How To Build a Financial Model

Wednesday 19 October, 1.00pm - 2.30pm
Learn the fundamentals on how to assess you idea’s potential to become a business.

About this event

 

 

When looking at a new business idea, there are two big questions to answer: 1. does the customer really want this and 2. could it actually be a sustainable business? In other words, do the numbers add up?

While there are lot of tools you can access to help you understand how to validate your idea and get a sense of whether the world needs what you’ve got to offer, it’s very difficult to navigate the former question. Especially if you’re starting up for the first time.

Agenda:

In this 90-minute session, we will go over the fundamentals of how you can assess your idea’s potential to become a viable business. It doesn’t have to be about becoming a billion dollar unicorn, but you have to understand how you will sustain your operation – where will the money come from, what do you need and, ultimately, will you make more than you need to spend?

Financial modelling for startups is more of an art than a science so don’t expect to go away from this session with all the answers. Instead, we will cover is the logic behind the process of assessing your idea’s financial potential.

Startup finance is also quite different from corporate finance, so whether you’ve got some experience with finance or not, if you’re not sure how to quantify the business case for a new idea then this one’s for you.

Plus, you will get a template you can use after the session to build up your own business case/ financial forecast.

Who is this for?

Anyone who wants to learn the fundamental startup financial modelling skills. Even if you’re just starting out and having initial conversations with potential customers to understand the scope of the problem you’re trying to solve, it’s never too early to start thinking about the numbers behind your idea.

Location

This event will be held virtually on Zoom. Meeting details will be sent with your confirmation email when you book your ticket.

This activity will support your progress towards the Imperial Award.

About the speaker

These sessions will be led by Lisa Portz. Lisa has a portfolio career helping startups as a coach, consultant and entrepreneurship programme designer. She’s also a visiting Lecturer at Imperial and has her own startup skills platform, ZebraFarm. Lisa has extensive first-hand entrepreneurship experience, including a successful funding round.

Privacy and security

Imperial College of Science, Technology and Medicine (the “College” or “Imperial”) is committed to protecting the privacy and security of your personal information. This privacy notice describes how we collect and use personal information about you during and after your relationship with us, in accordance with the applicable data protection legislation and the College’s Data Protection Policy.

Please find the Imperial College London – Enterprise Division Privacy Notice here.

Our news

Latest news

From bioengineering to breaking down bias
From bioengineering to breaking down bias

Growing up, Riham Satti knew one thing was for sure – she wasn’t going to be an entrepreneur ... Read more

Cherrie Hui: Why attend the How To Talks
Cherrie Hui: Why attend the How To Talks

Hi! I am Cherrie Hui from the MSc Strategic Marketing (online) programme. Like some of my peers, I joined Imperial College London because I wanted the world-class training and resources to have my own business one day. The How To Talks are the perfect way to get inspired to start something new! Read more

What's on

From community events to expert masterclasses… There’s always something going on at the E-Lab

Connect

Join our community, meet co-founders and grow your entrepreneurial network!

Our monthly social bringing together students and postdocs from every corner of Imperial College London.

Our multi-purpose space is open to all Imperial students postdoc researchers and alumni 5-days a week.

Use your creativity and critical thinking to solve a challenge set by us. Spaces are limited so sign up ASAP!

Explore

Speak to someone about your idea and learn the skills you need to test it in the real world

Validate

Fast-track your idea on one of our cohort-based entrepreneurship programmes

Imperial’s flagship entrepreneurship programme for students and postdocs with an annual prize fund of £90K.

The UK’s leading university programme championing women-led startup teams with an annual £30K prize fund.

A unique programme designed to speed the commercial development of early-stage medical technologies

All available programmes

Grow

Get expert support and advice to turn your idea into a successful commercial venture

About

We’re passionate about inspiring the next generation of innovators and entrepreneurs

Contact

Got a question, need some advice or just need directions to the best basement on campus? Get in touch!

Find us

Imperial College London
Level 0, Sherfield Building
(Access next to Great Hall)
South Kensington Campus
Exhibition Road
London SW7 2AZ