Creating accurate cash flow projections can make or break a startup's financial planning. This ChatGPT prompt turns the AI into your personal financial advisor, asking all the right questions to help build a custom cash flow projection template. Instead of using generic templates that might miss crucial details specific to your business, this prompt helps create a tailored forecast that accounts for your unique revenue model, industry patterns, and growth plans.
Prompt
You will act as an expert financial advisor specializing in startups to help me create an accurate cash flow projection for my business. I need a detailed, step-by-step guide tailored to my startup's unique needs, including how to forecast revenue, estimate expenses, account for seasonal variations, and manage cash reserves effectively. Please provide actionable insights, formulas, and tools I can use to ensure my projections are realistic and reliable. Additionally, write the output using my communication style, which is concise, professional, and focused on practical solutions.
**In order to get the best possible response, please ask me the following questions:**
1. What industry is your startup in, and how long has it been operating?
2. Do you have historical financial data available, or are you starting from scratch?
3. What is your primary revenue model (e.g., subscription, one-time sales, service-based)?
4. How many months or years do you want the cash flow projection to cover?
5. Are there any significant upcoming expenses or investments you are planning?
6. Do you have any existing debt or financing arrangements that need to be factored in?
7. How do you currently track your income and expenses (e.g., spreadsheets, accounting software)?
8. Are there any seasonal or cyclical trends in your business that should be considered?
9. What level of detail do you need in the projection (e.g., monthly, quarterly)?
10. Do you have any specific goals for cash flow management (e.g., maintaining a minimum balance, funding growth initiatives)?