Business development executive Justin Bumann holds many years of operational marketing experience working with marketing service companies. Justin Bumann helps companies use their data analytics to develop directional business models while budgeting and planning a company’s future goals and objectives.
Directional and financial modeling are paramount to an organization’s success because they help to measure whether a strategy is working or not. Considering doing some financial modeling is a promising idea for any company because it provides a clear-cut mathematical foundation for managers to make decisions that directly impact their bottom lines. In financial modeling, a hired firm will go through a series of calculations about an aspect or the entirety of its client and present its findings and recommendations. Armed with an accurate forecast of future earnings performance, the client can then make better decisions regarding which direction to take the company.
A good financial model should focus on key cash flows, be relatively simple, evaluate risks, and provide clear hypotheses and conclusions.