3-Statement Model Guide

2024 was all about refining the process.

→ Built 30+ 3-statement models
→ Helped clients raise over $10M
→ Developed 5 plug-and-play templates
→ Improved forecasting accuracy by 40%
→ Taught workshops to 1,000+ finance pros
→ Cut down model errors by 70% through stress testing

But the biggest wins weren’t just numbers – it was helping founders and CFOs see the future more clearly through dynamic models.

Here’s what I learned:

1. Simplify, simplify, simplify.
↳ Complex models break.
↳ Clear, concise models perform.

2. Linking statements is non-negotiable.
↳ If your income statement isn’t flowing into your balance sheet, you’re not modeling – you’re guessing.

3. Stress-test assumptions aggressively.
↳ A good model answers “what if,” not just “what is.”

4. Cash flow is king.
↳ Knowing your burn rate is survival.
↳ A simple cash flow statement can prevent unnecessary panic.

5. Teach others.
↳ The more I taught, the sharper my own skills became.

If you’re serious about sharpening your financial modeling skills in 2025 – start with the basics and build up.