This framework provides a six-step structure on how to project a financial model for a company.

Financial modeling, much like coding, involves numerous interconnected spreadsheet tabs, complex logical structures built through Excel formulas and links.

Basic advice could address as much as a quarter of the advice gap, according to Foresters Financial, which said the model is a 'proven and cost-effective' solution.

The top 20 hedge funds of all time outperformed their rivals last year. But they still trailed a simple 60/40 model that is far less expensive.

Financial projections are essential for any business, but in the case of tech startups, a financial model is one of the most important and overlooked tools available to a founder.