Financial modelling presentation - M Dawes

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BCS/BEN Tech Startup School - Skill 2: Financial Modelling - Monday 11th October

BCS/BEN Tech Startup School - Skill 2: Financial Modelling - Monday 11th October

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  • 1. Financial Modelling
  • 2. Mike Dawes
    Qualified 1999
    FD of 3 Tech Businesses
    Atrium Software; Software £2m, 30 Employees
    Third Dimension; S/W & H/W £1m, 10 Emp
    Blu Wireless; Fabless Chip Dev. Start-up
    Invest, Provide Financial Direction, Divest
    Get sacked !
  • 3. Case Study – Stonecube Ltd
    2003 Founded
    Realistic 3D Graphics for Print Finishes
    2004 Invested £2k and employed as p/t FD
    Financial Direction inc Modelling & Control
    £500K 2005 Angel Investment
    2007 Sold to Esko Graphics n x £m
  • 4. Modelling – Why Bother ?
    See your Vision in numbers
    Test the model against varying scenarios
    Define resource requirements
    Cash, Staff, Time
    Communicate externally with Investors, Banks
    Communicate internally with Board & Staff
    Budget, Actuals, Learn, Re-forecast
    Be in control and manage cash as entrepreneur
  • 5. Modelling - The Basics
    Only basic knowledge of spreadsheets needed !
    Separate your work - Use tabs
    Don’t use complex formulas
    Use check calculations
    Avoid auto links to other spreadsheets
    Avoid auto links to accounts package
    One owner, ideally the entrepreneur
    Highlight key assumptions (& justify)
    Summarise/Format outputs for presentation
  • 6. Modelling Outputs
    Moving Monthly P&L forecast linked to .....
    Monthly Cashflow forecast
    (BS forecast if you really want to)
    Daily Cashflow – oh dear but sometimes req’d
    Comparison of Actual P&L to Budget
    Financial Report for Board
  • 7. Modelling Inputs
    Structure (using tabs)
    Data
    Assumptions & Justifications
    Calculations & tab links
    Formatting
    Graphs
  • 8. Exercises !