Serious questions. What tips do you have on how to become a solid financial modeler and someone who is a great at speaking to the financials?

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Every model assumption should only be hardcoded once. Leave a comment/screenshot making it clear where all hardcodes are sourced from. Model should be clean enough for an analyst not involved w the project to follow along.

If using your firm’s template, try to avoid changing formulas (they are typically correct). If you do change formula, zero out old formula and leave a comment explaining why you changed it… i.e. =[old formula]*0+[new formula]. That way you can easily revert back to original formula if needed.

Don’t touch your mouse and learn excel short cuts. There’s a short cut for everything.

Know the 4 financial statements (income statement, balance sheet, cash flow, statement of stockholders equity) inside and out. Does projected revenue growth align w capex investments? What’s the difference between levered free cash flow vs unlevered free cash flow vs operating cash flow vs free cash flow? How does LIFO impact COGS? What happens to working capital if receivables take longer to collect?

There are templates online for all types of models: DCF, LBO, 13week cash flow, etc.

Use Google/investopedia.

It takes time, but 100% feasible. Once you’re competent, the speaking part is easy.

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Practice. Time and effort can make anything happen. Aligning with leaders in these topics can accelerate that growth.

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