The Financial Section 📈

The Financial section of the profile digs into a candidate company’s financial history and health. Numbers tell stories, so it is important that you know how to ask for, analyze, and read through financial resources you receive from your entrepreneur candidates.

⭐ The Financial section of the profile conveys a story through numbers ⭐

👇🏼 In this notion page, you will find an in-depth walk-through on how to think about, understand, and complete the Financial section of the Endeavor profile.

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• Principles of Financial Accounting IESE course
• Guidelines for self-submitted financial statements
• 2024 Endeavor financial template
• How to convert financials from millions to thousands </aside>

📊 Financial Statements

Understanding a company’s financial statements is an essential part of performing company analysis. Any fund or organization that performs due diligence on a company needs to dig into that company’s financial statements, and Endeavor is no exception.

As profile writers, you should be equipped with the tools to understand the numbers that are being presented to you by a candidate company. You should ❌ not think of financial statements as simply something you need to ask your candidate for in order to ‘check a box.’ ✅ Rather, you should think of them as additional information that will help you (as well as mentors and panelists), further evaluate whether the candidate meets Endeavor’s selection criteria.

Financial statements tell stories. It is on you to cross-check the story the numbers are telling with the one being told by the entrepreneur candidate(s) and ensure these match.

• A candidate is telling you their company will grow exponentially over the next three years - does the revenue CAGR support this?
• A candidate is telling you the company is in a healthy financial position; does the company’s bottom line support this statement?

To be able to answer these questions, you need to have the 🛠️ tools to read and understand the numbers the company is presenting you with.

💯 To do so, we highly recommend you take this Coursera course: Principles of Financial Accounting, by the IESE business school (4.8/5 ⭐, with 2K+ reviews) 💯

Accounting: Principles of Financial Accounting

• 🕘 How long will it take me to complete this course?
• 💲 How much does it cost?
• 🧠 What will I learn?

Guidelines & Tips to Remember

Below, you will find some guidelines, tips, and tricks that you should keep in mind when asking for and analyzing financial statements for a candidate company in Endeavor’s selection process.

• Self-submitted financials vs. the Endeavor financial template
• Guidelines for self-submitted financial statements (READ ME)