Workshop: Financial Plan
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Workshop: Financial Plan

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Financial plan: translating your business model into figures

Financial plan: translating your business model into figures

What are the key parts of your financial plan? What is the logic behind it?

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Workshop: Financial Plan Workshop: Financial Plan Presentation Transcript

  • Finance for Startups workshop Translating your business model into figures What are the key parts of your financial plan? What is the logic behind it? Martin van Wunnik Xavier Corman17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 1
  • Sponsors17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 2
  • Financial Plan • Financial Plan – Why? – How? – What (results) ? • Individual Q&A07/02/2012 Xavier Corman | Martin van Wunnik 3
  • Who are we ? Martin van Wunnik Xavier Corman07/02/2012 Xavier Corman | Martin van Wunnik 4
  • This presentation is available for free: http://www.slideshare.net/xaviercorman http://www.slideshare.net/FinanceCoach2407/02/2012 Xavier Corman | Martin van Wunnik 5
  • Why a Financial Plan ? If you dont think about the future, you cannot have one. John Golsworthy where you want to go You need to know how you are supposed to get there17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 6
  • http://www.monstarterkit.be/bzplan.cfm17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 7
  • 17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 8
  • Financial PlanContent – Assumptions – Profit & Loss – Balance Sheet / Investment – Cash-Flow -> Cash needed – Valuation of the project – Profitability / return of the project17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 9
  • Financial Plan in 10 min• Don’t waste your time in developing a huge financial plan before to be sure that your project is viable !• In many case, in less than 10 minutes, you can see if your idea worst something.• How to make a very quick financial plan ?17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 10
  • Financial Plan in 10 min /questions What are your revenues ? What are your costs ? What are your investments ? How many persons for your project ?17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 11
  • Accounting: notions • Balance Sheet – Bilan – Balans • Profit & Loss – Compte de résultat – Winst-en Verliesrekening • Cash-flow – Trésorerie – Schatkist • Financial Plan – Plan financier – Financieel Plan17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 12
  • Accounting: Balance Sheet ACTIVE PASSIVE Equity + Reserves (Capital/Kapitaal) Non Current Assets (Actifs Immobilisés/ Vast Activa) LT Debts Current Assets (Actifs circulants/ Vlottend Activa) ST Debts17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 13
  • Accounting: Profit & Loss (P&L) COGS (Cost of Sales) General Expenditures Personnel Costs Revenues (Sales…) Depreciation Financial cost Taxes EBIT Profit17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 14
  • Financial Plan / Profit & Loss Revenues (Sales…) COGS (Cost of Sales) General Expenditures COSTS Personnel Costs Financial cost Depreciation CASH CASH-FLOW IF NEGATIVE DRAIN Profit17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 15
  • Financial Plan / Prerequisites & Assumptions• Financial plan for 3 to 5 years• Monthly or Quarterly base• Excel or Calc is your friend• Start by listing your main assumptions17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 16
  • Tips for assumptions• Office: 10-25 m²/person• EUR 100/m²/year + 15 % for maintenance [ or COWORKING !]• Insurances: 1 -3 % of revenues• Marketing: define a % of revenues + starting investment• Don’t forget lawyers, accountant, social secretary, office supplies…17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 17
  • • Car leasing : 300 – 800 EUR per month• Salary : Gross monthly x 19,2 = Yearly cost• Revenues: worst-case & best-case – First 3 to 6 months: 0 EUR – Maximum ‘billable’ hours per day (one-off events, holidays, prospecting, etc...)• Own salary : “0 EUR” / Realistic different ‘hats’17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 18
  • Financial Plan / Investments List all your scheduled investments YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 517/04/201207/02/2012 Xavier Corman | Martin van Wunnik 19
  • Required Cash-Flow17/04/201207/02/2012 Xavier Corman | Martin van Wunnik 20
  • Questions & Answers Free download: http://www.slideshare.net/XavierCorman http://www.slideshare.net/FinanceCoach2417/04/201207/02/2012 Xavier Corman | Martin van Wunnik 21