Innovation and entrepreneurship require foresight. Business modeling using available data helps to navigate risks and strategize accordingly.
Forecast new revenue streams using available data to get a better view on cashflow, break-even, etc.
Understand how many new customers or contracts are needed to reach break-even, stress-test margins and model worst-case scenarios.
New businesses require one or two core metrics to benchmark success, and often times those metrics require inputs from multiple parties.