Online Freelancer Platform Financial Model
The Online Freelancer Platform Financial Model is designed for start-ups or on-going business or small-medium sized enterprises. A well-researched and thorough financial model developed by Oak Busienss Consultant will suit the Online Freelancer Platform for its high adaptability to frequent changes and assumptions.
Description of the Financial Model
The Online Freelancer Platform Financial Model will help you analyze your business and identify drivers for profit and loss. The model also helps you calculate cash-ins and outs accurately, contains financial statements and assumption sheets, and predicts future sales forecasts. Moreover, this business model’s objective is to help users in profitability planning, financial planning, company valuation, and utilization of funds.
Summary of Features and Benefits:
The whole idea of building the Input Sheet is to create a dynamic set of projections about the business. It contains all relevant inputs like costs of revenue, capital expenditure, advertisement revenues, expenditure, monthly payroll, and cost of sales.
Understanding the structure of your Freelancer Platform, we have created an easier way to calculate your revenue streams, which are also completely flexible for changes and assumptions. The revenue input includes revenue generated from the marketplace, revenue generated from subscriptions/connects, and managed services offered to your users. The calculation also contains a section of commission input for your business that may help you evaluate the commission revenue rates charged from your users compliantly. Furthermore, the Freelancer Platform Financial Model will allow you to edit/add/delete any assumption you may want to include/exclude according to your financial requirements.
This sheet analyzes all the investment requirements of a new start-up and helps the business present a snapshot of the company to prospective investors and raise capital.
Users and readers respond and process visual graphs/ charts better than data. We have used dynamic charting in sheets that are linked to tables. Besides, charts visually track profitability, revenue, cash flow, and several other financial metrics that make this model a great buy.
Monthly Income Statement
The Monthly Income Statement sheet for the Online Freelancer Platform is perfect for those who require regular reporting and details. Additionally, P&L contains all revenue streamlines with gross earnings, net earnings linked with revenue analysis to ensure accurate reporting.
Yearly Income Statement
We understand the goal of every Online Freelancer Platform is to make a profit, so they need a mechanism that helps the business owners to determine whether they are making profits or otherwise.
Furthermore, the Yearly Income Statement gives you complete insights into revenue and operating expenses. It also contains several graphs, assumptions, ratios, margins, net profit earning, cost of services, and profit after tax.
Cash Flow Statement
We prepared receivable and payable days to help users accurately predict cash activities, including free cash flow to the firm. For customer ease, these receivable and payable days are set as Input to change anytime he wants.
We included the Balance Sheet since it is also a vital report for every business. It will show all the current and long-term assets and liabilities, and equity of the company. Also, the Balance Sheet provides vital information required to calculate various ratios.
All businesses always caries risk; therefore, we included the evaluation sheet. It will help you know at a glance, the NPV in excel, IRR, and return on invested capital (ROIC).
What makes this model a great buy?
The Online Freelancer Platform Financial Model comes with similar inputs to other businesses. However, it is essential to understand that not every online business revenue and other inputs are identical. Online Freelancer Platform Financial Model is a unique model that may help you forecast and evaluate your financial assumptions. Moreover, the Online Freelancer Platform Financial Model is flexible and portrays in both design and technique. It is highly adaptable for the user in the long run. Therefore, all modifications and scenarios can be changed in any field successfully.
This Product Includes: 1 Excel File
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An Oak Business Consultants Provides Various Financial Model Templates; each industry model has unique revenue and input assumptions based on the industry nature and operation requirement. We have dug into almost every industry and have built 100+ models for every specific niche market.
For Example; a website has a general base model for e-commerce business and several other businesses that come under the E-commerce industry like Online Clothing Business and Online Toy Store, etc.
The pre-built financial models are made to help an entrepreneur, by giving them financial projections for their business. These models provide a prebuilt detail and structure to those who have a similar business revenue model as already available on the website. However, if you have a business model which is unique and have several different revenue streams. Therefore, you need Buy Customization Plans financial model services where you can avail of modeling services as per your business nature and operation requirements.
All pre-built models are Comprehensive and dynamic, designed by expert professionals by considering all the elements any business requires while computing the financial feasibility of the business. The financial model template will provide the assistance to compute the startup summary, detailed monthly and yearly profit and loss statement, balance sheet, cash flow Analysis, and Break-Even Output summary. The template also has project evaluation reports and diagnostic sheets which will allow you to determine the company’s performance in a specified period of time. Moreover, a visual representation of these reports is compiled on a dashboard to make a convenient report overview for the user.
The models will be in Microsoft Excel file format, and they are immediately available for download after making the purchase. A model can redownload at any time in the future from the same account.
The optimal way to use the model is to familiarize yourself first with how the model is linked and structured. There are already detailed instructions on howdetailed how to use the description mentioned under each product profile.
Moreover, then start with the input sheet with the most important assumptions, and start filling in the inputs as per your business information which is clearly labeled and formatted in a pink color cell. For Example; If your region tax rate is 25% so fill it under the tax field, which is already highlighted so then a model will automatically compute all related calculations. The same procedure will go with all operating and variable cost sections, which are mentioned in the model.
Next comes the revenue-related input; then go through the inputs around growth rate, churn rate, prices, and cost of sales, etc. These inputs will be changed from industry to industry; however, the basic structure is the same.
So far, you’ll get basic forecast reports, and now it comes down to looking at the Summary and Key Reports sheet(s) to see if the estimation makes logic: net income, gross margin and net cash flow, etc. Refine and iterates the inputs until you get a final result that makes sense for your business and your industry.
The Financial models are in xls. File format. We would recommend to use Excel or Google Sheets to develop and edit financial models. In practice, We use Excel to build and edit models and Google Sheets to share with clients. Because Excel is usually a faster software for building and designing with so many features, however, Google Sheets can make it convenient for sharing models with the user.
Our models can be used in both Excel and Google Sheets interchangeably; simply upload the Microsoft Excel model template into Google Sheets, and everything will be ready to go.
Undoubtedly Yes! All formulas’ cells and sheets are completely editable and open. Therefore, you can edit anything as per your requirement. But, you must need to consider the cell linkage first before making any change.
How to Edit the Mode?
All peach Areas are your INPUT CELLS. Please fill the PEACH AREA as per your Business situation. All WHITE and COLORED CELLS are CALCULATED and LINKED CELLS.
The Model is easy to use, dynamic and Transparent. We did not use complex formulas to build the Pre-built Financial Model or Financial Template.
Yes, We provide Half an Hour of free consultancy. We help you to explain
- The flow of Pre- Built Financial Model
- Explain Financial Terminology
- Explain How the Pre-built Financial Model work.
You can fix a meeting time with our Expert Financial Consultant and avail yourself of this opportunity to have one to one call with him/her.
By selecting the right model, analyze your industry first and decide under which category you’re business is falling in.
For More Detail, visit our Financial Model Template Shop