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9:T6e7b,{"id":"cG9zdDoyMzk0","title":"Lean Startup Methodology: A Guide for Entrepreneurs","content":"\n<p>The lean startup methodology has revolutionized how new businesses and products are developed. This approach focuses on eliminating waste, speeding up product development, and prioritizing customer feedback to create products that meet market demands. Unlike traditional methods, the lean startup methodology aims to build a sustainable business model through continuous learning and iteration. In this article, we will delve into the principles, stages, and key concepts of the lean startup methodology, exploring its advantages and practical applications.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Lean Startup Methodology?</strong></h2>\n\n\n\n<p>The lean startup methodology is a framework for developing businesses and products that prioritize early and continuous customer feedback. This approach helps entrepreneurs quickly validate their business ideas, reduce waste, and adapt to changing market needs. Lean startups can achieve sustainable growth more efficiently by focusing on creating a minimum viable product (MVP) and iterating based on real-world data.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eric Ries’s Principles of Lean Startup</strong></h2>\n\n\n\n<p>Eric Ries, in his book &#8220;The Lean Startup,&#8221; outlines five key principles that guide the lean startup methodology:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Entrepreneurs Are Everywhere</strong>: Entrepreneurship isn&#8217;t limited to startups, it can happen in any company, of any size, and any sector.</li>\n\n\n\n<li><strong>Entrepreneurship Is Management</strong>: Startups need management processes tailored to their unique needs and challenges.</li>\n\n\n\n<li><strong>Validated Learning</strong>: Startups exist to learn what customers want. This learning can be validated scientifically through experiments.</li>\n\n\n\n<li><strong>Innovation Accounting</strong>: Traditional financial metrics are not enough to measure a startup&#8217;s progress. Innovation accounting involves creating metrics that track progress, set milestones, and prioritize work. This helps in making informed decisions based on data rather than assumptions.</li>\n\n\n\n<li><strong>Build-Measure-Learn</strong>: The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere.</li>\n</ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Stages of Lean Startup Methodology</strong></h2>\n\n\n\n<p>The lean startup methodology involves three main stages:</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Problem-Solution Fit</strong></h3>\n\n\n\n<p>This initial stage focuses on identifying a significant problem and proposing a viable solution. Entrepreneurs conduct customer interviews and gather feedback to validate that the problem exists and their solution can effectively address it.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Product-Market Fit</strong></h3>\n\n\n\n<p>In this stage, the MVP is developed and tested with a target audience. The goal is to refine the product based on feedback to ensure it meets the market&#8217;s needs. Continuous iterations help in aligning the product with customer expectations.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Scaling</strong></h3>\n\n\n\n<p>Once the product achieves product-market fit, the focus shifts to scaling the business. This involves ramping up production, and marketing efforts, and optimizing the business model to support growth.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Concepts in Lean Startup</strong></h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Minimum Viable Product (MVP)</strong></h3>\n\n\n\n<p>An MVP is the simplest version of a product that can be released to gather the maximum amount of validated learning about customers with the least effort. It allows startups to test hypotheses and gather user feedback quickly and efficiently.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Build-Measure-Learn</strong></h3>\n\n\n\n<p>The build-measure-learn loop is the core process of the lean startup methodology. It involves:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Build</strong>: Create an MVP to test your hypothesis.</li>\n\n\n\n<li><strong>Measure</strong>: Collect data and feedback from real customers using the MVP.</li>\n\n\n\n<li><strong>Learn</strong>: Analyze the data to determine whether to pivot or persevere.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Business Model Canvas</strong></h3>\n\n\n\n<p>The business model canvas is a strategic tool that helps entrepreneurs outline and test different business model components on a single page. This visual framework includes elements like value propositions, customer segments, channels, and revenue streams.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Lean Startup vs. Traditional Startup Approaches</strong></h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Lean Startup Approach</strong></h3>\n\n\n\n<p>The lean startup approach emphasizes quick iterations, validated learning, and customer feedback. It aims to reduce the time and cost of product marketing and focuses on finding a scalable business model.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Traditional Startup Approach</strong></h3>\n\n\n\n<p>Traditional startups often start with a comprehensive business plan, secure significant funding, and spend months or years developing a product before launching. This approach can lead to higher risks if the product fails to meet market needs.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Characteristics of Lean Startups</strong></h2>\n\n\n\n<p>Lean startups are characterized by their flexibility, emphasis on customer feedback, and iterative development processes. They prioritize validated learning and are willing to pivot based on new information. This approach helps them adapt quickly to changing market conditions and customer needs.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pros and Cons of Lean Startup Methodology</strong></h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduced Risk</strong>: Early validation of business ideas minimizes the risk of failure.</li>\n\n\n\n<li><strong>Cost Efficiency</strong>: Developing an MVP minimizes resource expenditure.</li>\n\n\n\n<li><strong>Customer-Centric</strong>: Continuous feedback ensures the product meets market demands.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Management Challenges</strong>: Rapid iterations can complicate planning and resource allocation.</li>\n\n\n\n<li><strong>Not Universally Applicable</strong>: Some industries, like those with strict safety requirements, may not be suited to the lean approach.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Does It Mean to Be a Lean Startup?</strong></h2>\n\n\n\n<p>Being a lean startup means focusing on creating a product that meets customer needs through a process of continuous learning and adaptation. It involves embracing experimentation, valuing feedback, and being willing to pivot when necessary. This approach helps startups build a sustainable business model in a resource-efficient manner.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Importance of Lean Startup Methodology</strong></h2>\n\n\n\n<p>The lean startup methodology is crucial for modern entrepreneurship as it helps reduce waste, improve product-market fit, and accelerate growth. By focusing on validated learning and customer feedback, startups can develop products that truly meet market needs, leading to higher chances of success.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Lean Startup Method in Practice</strong></h2>\n\n\n\n<p>The lean startup methodology is widely used across various industries. For instance, Dropbox used an MVP to test its file-sharing service before scaling. Similarly, General Electric has implemented lean principles to innovate and improve product development processes. These examples demonstrate how the lean startup approach can drive efficiency and innovation in both startups and established companies.</p>\n\n\n\n<p>The lean startup methodology offers a dynamic and efficient framework for developing new products and businesses. Focusing on validated learning, iterative development, and customer feedback, helps entrepreneurs minimize risks and create products that meet market demands. Embracing the lean startup methodology can significantly enhance the chances of success for any new venture.</p>\n\n\n\n<p>Ready to transform your business? At <a href=\"https://www.modeliks.com/features/\" target=\"_blank\" rel=\"noreferrer noopener\">Modeliks</a>, we provide the tools and expertise you need to implement lean principles effectively. Whether you are a startup or an established company, our platform helps you optimize your business model, gather actionable metrics, and achieve sustainable growth. <a href=\"https://app.modeliks.com/register/ACBD5AB2-6994-40EE-A43A-B4370C09EDA1\">Start your free trial today and take the first step towards a leaner, more successful business!</a></p>\n","slug":"lean-startup-methodology","date":"2024-06-24T12:52:27","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"}]},"mainCategory":{"mainCategory":["business-plans"],"videoHeader":null},"tags":{"nodes":[{"name":"business planning"},{"name":"small business"}]},"featuredImage":{"node":{"id":"cG9zdDoyMzk1","sourceUrl":"/images/cms/lean-startup-methodology.jpg","altText":"Modeliks Guide: Lean Startup Methodology explained. Revolutionizing business strategies for success."}},"seo":{"metaDesc":"Discover the Lean Startup Methodology and its importance in shaping efficient, customer-focused business practices. Ideal for new ventures."},"modified":"2024-06-24T12:52:27","related":[{"id":"cG9zdDoxMTU0MQ==","title":"How Accountants Can Offer High-Margin Advisory Services","content":"\n<h2 class=\"wp-block-heading\">Why Advisory Services Matter for Accounting Firms</h2>\n\n\n\n<p>The accounting profession is shifting. Compliance and bookkeeping remain essential, but today’s clients expect more. They want guidance on <strong>how to run their business smarter, manage cash flow, and plan for the future</strong>.</p>\n\n\n\n<p>According to a <strong>CPA.com survey</strong>:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Clients pay <strong>~50% more</strong> for advisory services compared to traditional compliance.</li>\n\n\n\n<li><strong>65% of clients</strong> need advisory support.</li>\n\n\n\n<li><strong>45% expect their accounting firm</strong> to provide it.</li>\n</ul>\n\n\n\n<p>This means the demand is already there. The opportunity for accounting firms is clear: <strong>move beyond bookkeeping into high-margin advisory services</strong>.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Challenge: Scaling Advisory Without Burning Out</h2>\n\n\n\n<p>For most small and mid-sized firms, the hesitation is simple:<br>❌ Limited staff time<br>❌ No standardized tools for forecasting &amp; reporting<br>❌ Concern about overcomplicating workflows</p>\n\n\n\n<p>The good news? Advisory can be delivered at scale, without adding headcount or creating inefficiencies — if you have the right system.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Solution: Modeliks for Advisory Services</h2>\n\n\n\n<p><strong>Modeliks</strong> helps accountants transform their existing relationships into advisory partnerships by automating the heavy lifting.</p>\n\n\n\n<p>Here’s how it works in practice:</p>\n\n\n\n<p>1️⃣ <strong>Connect QuickBooks in Minutes</strong><br>Sync client actuals directly — no messy spreadsheets or manual imports.</p>\n\n\n\n<p>2️⃣ <strong>Build Budgets &amp; Automated Financials</strong><br>Instantly generate a forward-looking <strong>P&amp;L, Balance Sheet, and Cash Flow statement</strong>, tailored to each client.</p>\n\n\n\n<p>3️⃣ <strong>Deliver Dashboards &amp; Variance Analysis</strong><br>Clients see Actual vs. Plan vs. Previous Periods. You provide insight into <em>why</em> numbers moved — without building reports from scratch each month.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Impact for Accounting Firms</h2>\n\n\n\n<p>Firms using Modeliks see:<br>✅ <strong>New revenue streams</strong> by offering planning &amp; reporting as premium packages<br>✅ <strong>Higher client retention</strong> thanks to consistent value beyond compliance<br>✅ <strong>No extra headcount required</strong>, since processes are automated<br>✅ <strong>Improved positioning</strong> as trusted advisors, not just bookkeepers</p>\n\n\n\n<p>As one accountant put it:</p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>“Our clients can now make confident decisions. For us it’s a game-changer — we finally sell insight, not just compliance.”</em></p>\n</blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why Now Is the Time</h2>\n\n\n\n<p>Client expectations are rising. Competitors are moving into advisory. Technology makes it easier than ever to scale.</p>\n\n\n\n<p>If you’re an accountant or firm owner, now is the time to position your practice for the next decade. Advisory services are not just an add-on — they’re the future of accounting.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Next Steps</h2>\n\n\n\n<p>📽️ Watch the full video playbook here: <a href=\"https://www.youtube.com/watch?v=UlQEwnWOdKQ\">https://www.youtube.com/watch?v=UlQEwnWOdKQ</a>.<br>🌐 Explore how Modeliks can help you launch advisory services in under an hour -> <strong><a href=\"https://www.modeliks.com/solutions/accountants\">HERE</a></strong>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to</a><a href=\"https://www.modeliks.com/\"> </a><a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"high-margin-advisory-services-accountants","date":"2025-09-02T08:30:06","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=UlQEwnWOdKQ"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTU0Mg==","sourceUrl":"/images/cms/Screenshot-2025-09-02-at-10.27.59.png","altText":"How to offer Advisory Services at High Margin?"}},"seo":{"metaDesc":"Learn how accounting firms can add high-margin advisory services without extra headcount. Discover how Modeliks helps accountants deliver financial planning, reporting, and dashboards that clients will pay more for."},"modified":"2025-09-02T08:30:10","related":null},{"id":"cG9zdDoxMTQ4Mw==","title":"How to Manage & Grow Your Professional Services Business: A Strategic Playbook","content":"\n<p>Running a professional services business is demanding. Whether you’re a <strong>founder, consultant, accountant, or finance leader</strong>, the challenges are similar:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Managing multiple clients</li>\n\n\n\n<li>Tracking projects and timesheets</li>\n\n\n\n<li>Ensuring profitability while scaling</li>\n\n\n\n<li>Moving beyond basic bookkeeping into strategic financial insights</li>\n</ul>\n\n\n\n<p>The truth? Many services firms outgrow spreadsheets faster than they realize. A project-based business requires a planning and reporting framework that adapts as you grow &#8211; not one that breaks every time a new client, project, or team member comes onboard.</p>\n\n\n\n<p>That’s where having a structured <strong>financial planning and reporting system</strong> becomes a game-changer.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Who is This Playbook For?</h2>\n\n\n\n<p>This strategic framework is designed for:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Founders &amp; Owners of Service Firms</strong> — who need clarity on profitability and growth drivers.</li>\n\n\n\n<li><strong>Consultants</strong> — who want to optimize billable hours and scale without burning out.</li>\n\n\n\n<li><strong>Accountants &amp; Accounting Firm Owners</strong> — who want to expand beyond bookkeeping and offer high-value advisory services like forecasting, management reporting, and fractional CFO solutions.</li>\n\n\n\n<li><strong>Finance Leaders (CFOs, Finance Managers, Controllers)</strong> — who require accurate reporting, scenario planning, and board-ready insights without wasting hours in spreadsheets.</li>\n</ul>\n\n\n\n<p>If you run a <strong>project-based business, use timesheets, or manage multiple clients</strong>, this playbook is for you.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How to Grow Profitability in Professional Services</h2>\n\n\n\n<p>Professional services firms often face profitability challenges because margins are tied to <strong>capacity, efficiency, and client mix</strong>. Here’s where the right planning approach makes a difference:</p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Plan by Project (Not Just Company-Level)</h3>\n\n\n\n<p>Each project has its own revenue, costs, and resources. Without project-level visibility, it’s impossible to know which work is actually profitable.</p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Track Actuals vs. Plan</h3>\n\n\n\n<p>It’s not enough to create a yearly budget. Monthly actuals vs. plan reporting helps you quickly see where projects are off track and adjust before problems snowball.</p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Build Scenarios</h3>\n\n\n\n<p>What happens if a big client leaves? Or if you add two more consultants next quarter? Scenario planning gives you the confidence to make tough decisions with numbers to back them up.</p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Monitor Utilization &amp; Capacity</h3>\n\n\n\n<p>Employee utilization is the heartbeat of a services firm. By linking financial forecasts to <strong>billable hours, staffing, and client demand</strong>, you can identify bottlenecks and prevent costly underutilization.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How Modeliks Helps</h2>\n\n\n\n<p>At Modeliks, we’ve built a platform that turns these best practices into a structured, repeatable process.</p>\n\n\n\n<p>With <strong>Modeliks</strong>, you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Plan by Project, Department, or Client</strong><br>Build forecasts by any dimension of your business — project, geography, store, or team.</li>\n\n\n\n<li><strong>Automate Actual vs. Plan Reporting</strong><br>Sync with QuickBooks or upload trial balances from Excel. No more rebuilding reports every month.</li>\n\n\n\n<li><strong>Get Dashboards &amp; KPIs That Matter</strong><br>Variance analysis, profitability by client/project, utilization, and other insights are ready in minutes.</li>\n\n\n\n<li><strong>Run What-If Scenarios</strong><br>Test different client acquisition strategies, pricing models, or staffing plans.</li>\n\n\n\n<li><strong>Scale Without Adding Headcount</strong><br>Accountants and consultants can serve more clients in less time, while founders and finance leaders gain clarity without extra hires.</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why This Matters Now</h2>\n\n\n\n<p>Most firms wait until they have 100+ employees to rethink planning. But the truth is, <strong>dimensional planning and reporting matters at 20 employees, as much as at 200.</strong></p>\n\n\n\n<p>The earlier you set up a scalable framework, the faster you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increase profitability per client</li>\n\n\n\n<li>Retain clients longer by delivering insight, not just compliance</li>\n\n\n\n<li>Attract investors, lenders, or partners with investor-ready plans</li>\n\n\n\n<li>Free up time to focus on strategic growth instead of fixing spreadsheets</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Key Takeaway</h2>\n\n\n\n<p>Growing a professional services business isn’t just about winning more clients — it’s about <strong>building a system that lets you manage projects, measure performance, and grow profitably.</strong></p>\n\n\n\n<p>That’s what this playbook is about — and why we built <strong>Modeliks</strong>.</p>\n\n\n\n<p>👉 If you want to see how Modeliks can help you manage and grow your services firm, <a href=\"https://www.youtube.com/watch?v=E87pBDPZzPc&amp;utm_source=chatgpt.com\">watch the full video walkthrough here</a>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"financial-planning-for-professional-services","date":"2025-09-01T11:47:08","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=E87pBDPZzPc"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTQ4NA==","sourceUrl":"/images/cms/Screenshot-2025-09-01-at-13.39.02.png","altText":"Financial planning for professional services"}},"seo":{"metaDesc":"Discover how to manage and grow your professional services firm with project-based financial planning, reporting, and forecasting strategies."},"modified":"2025-09-01T11:47:11","related":null},{"id":"cG9zdDoxMDQyMA==","title":"Modeliks 2.0 is Live!","content":"\n<p>Today we released a massive new update of Modeliks.  A multidimensional Modeliks 2.0. I am both happy and sad to see Modeliks grow up. I liked baby Modeliks. He was cute and a little clumsy. Now, we created a beast.  </p>\n\n\n\n<p>We listened to your feedback and made Modeliks by far the best financial planning and reporting tool for SMEs. Alright, I might be a bit subjective, but here is what’s new:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Multi dimensional planning and reporting</strong>. This means that you can plan and track performance by organizational unit, whether that is business units, departments, geography, stores, projects. However your company is structured, you can have clear targets and track performance across your whole organization.</li>\n\n\n\n<li><strong>Consolidation</strong>: if you plan on a business unit level, Modeliks will consolidate your financial plans upwords.</li>\n\n\n\n<li><strong>Allocations</strong>: allocate costs from the head office down to the operating units. Why? Some costs are incurred in the head office, or regional offices, but should be allocated down to the operating units, in order to get a correct picture of profitability across the organization.</li>\n\n\n\n<li><strong>Quickbooks integration</strong>. Connect Modeliks to your Quickbooks and have your planning and monthly reporting automated, error free and done in minutes.</li>\n\n\n\n<li><strong>Account grouping</strong>. Group several accounts into one group account. For example, you can create a Utilities group account and make your Energy, heating, phone, internet, water accounts part of the utilities group. Why? Because when you plan, you don’t want to plan on every single small account that you have in your accounting system. It is too tedious and messy. So, group them logically, plan on groups, and make planning and reporting easy and useful.</li>\n\n\n\n<li><strong>Initiative planning and evaluation</strong>. You have a new initiative in mind for your business? Create a business case and see how it will impact your business. If the numbers say it’s good, keep it. If not, drop it.  </li>\n\n\n\n<li><strong>Monthly forecasting</strong>. Now you can forecast up to 3 years on monthly basis.</li>\n\n\n\n<li>Lastly. <strong>Speed</strong>. Modeliks is now 10 times faster than before.   </li>\n</ol>\n\n\n\n<p>And there is a lot more to come in the next few months. Stay tuned for new features, and in the mean-time, plan, manage and grow your business with Modeliks 2.0.</p>\n\n\n\n<p>Let’s recap. Now you can:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Build driver based financial models for any business</li>\n\n\n\n<li>Do it by department, business unit, geography, stores, projects</li>\n\n\n\n<li>Run scenarios and evaluate new initiatives</li>\n\n\n\n<li>Track actual performance vs budget, on every level in your organization. Especially easy with the Quickbooks integration</li>\n\n\n\n<li>Automate monthly investor and management reporting</li>\n\n\n\n<li>And write professional and detailed business plans with the help of our AI assistant.</li>\n</ol>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a> 2.0! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"modeliks-2-0-a-live","date":"2025-04-01T08:59:31","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=-61deO4BkFg"},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"quickbooks"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDQyMg==","sourceUrl":"/images/cms/Modeliks-2.0-Post-image.png","altText":"Modeliks 2.0."}},"seo":{"metaDesc":"A massive new update of Modeliks is here. A multidimensional, Quickbooks integrated, faster than ever Modeliks 2.0. 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