Create New Template

The "Create New Template" tutorial in Lucid Dreams guides you through the process of creating customized financial templates.

The "Create New Template" tutorial in Lucid Dreams guides you through the process of creating customized financial templates.

For example, choosing the SaaS template allows you to set up a financial model tailored for Software as a Service businesses, including metrics like MRR, churn rate, and customer acquisition cost.

Whether you're launching a new SaaS product or managing an existing one, this tutorial will walk you through each step to set up a detailed and customizable financial model.

In order to Create a New Template with Lucid Dreams follow these steps.

Step 1: Accessing the Template Section

1. Log into your Lucid Dreams account.

2. Navigate to the "Templates" tab in the main menu.

3. Click on "Create New Template" to get started.

Step 2: Choosing the SaaS Template

1. In the template selection screen, choose "SaaS" from the list of available business models.

2. Click "Next" to proceed with the SaaS-specific setup.

Step 3: Setting Up Your SaaS Financial Model

1. Revenue Streams

• Define your primary revenue streams, such as subscription fees, one-time charges, and additional services.

• Specify pricing tiers and expected customer numbers for each tier.

1. Expense Categories

• Outline your main expense categories, including marketing, R&D, customer support, and general administration.

• Estimate monthly or yearly costs for each category to build a detailed expense forecast.

1. Metrics

• Input key customer metrics like Customer Acquisition Cost (CAC), Customer Lifetime Value (CLTV), and churn rate.

• These metrics will help in forecasting revenue and understanding profitability over time.

1. Growth Assumptions

   • Set your growth assumptions, including expected customer growth rates and market expansion plans.

   • This will allow the model to project future performance based on realistic growth scenarios.

Step 4: Customizing the Financial Model

1. Adjust Inputs

   • Fine-tune the inputs to reflect your business’s unique circumstances. Adjust pricing, costs, and growth assumptions as needed.

   • Use historical data or industry benchmarks to ensure accuracy.

2. Add Custom Sections

• If your business has unique aspects not covered by the default template, add custom sections to capture these specifics.

• This could include detailed marketing plans, partnership revenues, or custom expense items.

Step 5: Reviewing and Finalizing

1. Review the Model

   • Go through each section of your new template to ensure all data is accurate and comprehensive.

   • Make sure all assumptions and inputs are realistic and aligned with your business strategy.

2. Save and Use:

• Save your new SaaS template for future use.

• You can now use this template to generate financial reports, forecast future performance, and guide strategic decision-making.

Summary

Creating a tailored SaaS financial template in Lucid Dreams is a straightforward process that empowers you to manage your business finances effectively.

With a detailed and customizable model, you'll gain deeper insights into your revenue streams, expenses, and growth potential.

Follow this tutorial to set up your SaaS financial model today and take your business planning to the next level with Lucid Dreams!