In this episode of Financial Modeler’s Corner, Alyona Mysko shares her journey from a PwC auditor to a fintech founder creating FuelFinance, a no-code financial planning tool tailored for startups and small businesses. She discusses common financial modeling challenges faced by first-time founders, the complexities of the manufacturing and fashion industries, and the importance of simplifying financial models for better decision-making. Alyona emphasizes the power of effective communication and scenario planning, helping entrepreneurs and modelers make sense of numbers to drive business success.Alyona Mysko is the Founder and CEO of FuelFinance, a fintech startup delivering no-code financial planning tools designed specifically for startups and small businesses. With a professional background starting as an auditor at PwC, Alyona transitioned into financial analysis and fractional CFO roles before launching her own company. She brings deep expertise in financial modeling and a passion for simplifying complex financial data to empower founders and entrepreneurs.&nbsp;Expect to Learn<ul><li>How Alyona’s audit background influenced the creation of a finance platform for startups</li><li>Why first-time founders struggle with financial modeling and how second-time founders differ</li><li>The complexity behind manufacturing and fashion business models and modeling nuances</li><li>The importance of simplified dashboards focusing on key metrics for decision-making</li><li>Why communication and storytelling in financial modeling is essential for impact</li></ul> Here are a few quotes from the episode:<ul><li>“Finance is just like fuel for a business. If you understand your numbers, you can go fast.” - Alyona Mysko</li><li>First-time founders don’t know what they don’t know. Second-time founders know to start with the financial model.” - Alyona Mysko</li><li>“Communication is 50% of your success as a financial modeler.” - Alyona Mysko</li></ul> Follow Alyona :<ul><li>LinkedIn - <a href="https://www.linkedin.com/in/alyona-mysko/" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/alyona-mysko/</a></li><li>Website - <a href="https://fuelfinance.me/" rel="noopener noreferrer" target="_blank">https://fuelfinance.me/</a></li></ul> Follow Paul:&nbsp;<ul><li>Website - <a href="https://www.thefpandaguy.com" rel="noopener noreferrer" target="_blank">https://www.thefpandaguy.com</a>  &nbsp;</li><li>LinkedIn - <a href="https://www.linkedin.com/in/thefpandaguy" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/thefpandaguy</a></li><li>YouTube - <a href="https://www.youtube.com/@thefpandaguy" rel="noopener noreferrer" target="_blank">https://www.youtube.com/@thefpandaguy</a></li></ul> Follow Financial Modeler's Corner &nbsp;<ul><li>LinkedIn Page-<a href="https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true" rel="noopener noreferrer" target="_blank"> https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true</a> &nbsp;</li><li>Newsletter - Subscribe on LinkedIn-<a href="https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984</a></li></ul> Sign up for the <a href="https://fminstitute.com/afm/" rel="noopener noreferrer" target="_blank">Advanced Financial Modeler Accreditation</a> Today and receive 15% off by using the special show code ‘Podcast’. Visit<a href="http://www.fminstitute.com/podcast" rel="noopener noreferrer" target="_blank"> </a><a href="https://bit.ly/497oAqW" rel="noopener noreferrer" target="_blank">https://bit.ly/497oAqW</a> and use the code “Podcast” to save 15% when you register.  In today’s episode:&nbsp;[02:31] - The Story Behind FuelFinance[06:00] - Aylona’s Background[11:03] - Industry-Specific Modeling Challenges[18:14] - Cross-Functional Realization[23:57] - Revenue vs. Cash Flow Realities[28:14] - Balancing Model Simplicity[35:11] - Key Career Lesson[39:41] - Rapid Fire Section

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The Financial Failures in Startups for Founders to Fix Bad Data and Build Profit with Alyona Mysko

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