Starting a company requires an idea and people to help bring it to reality. But a company requires more than a vision, even though it’s fundamental to its success — its needs a well-thought-out business model.
For early-stage SaaS startups, creating and implementing a financial model is challenging for a variety of reasons. Which is why Taylor Davidson founded Foresight, a company that offers an extensive library of financial model templates for entrepreneurs.
In this episode of The Role Forward, our host Joe Michalowski chats with Taylor about the core building blocks of an early-stage SaaS financial model. They also discuss the challenges of implementing an operational model, which part of the model is critical for which stage of the business, and why flexibility and customization are vital elements of model creation as the business grows.
💡 Name: Taylor Davidson
💡 What he does: Taylor is the founder of Foresight.
💡 Company: Foresight
💡 Noteworthy: Taylor Davidson is the founder of Foresight, a strategic advisory service and financial model template provider for entrepreneurs and investors. Taylor has over two decades of experience, which spans lecturing at Carnegie Mellon University and the Founder Institute to his former directorship of kbs+ Ventures to co-curating Creative Entrepreneurship, a book for startup founders about venture capital and entrepreneurship. Taylor is an angel investor in nearly 100 companies.
💡 Where to find Taylor: taylordavidson.com