MIC 2013 Workshop Financial Plan (Sept 12th)

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Microsoft Innovation Center / Boostcamp III - Brussels
Financial workshop for Boostcamp program
September 12th 2013 (with ABE-BAO)

Published in: Economy & Finance, Business
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MIC 2013 Workshop Financial Plan (Sept 12th)

  1. 1. Xavier Corman | Martin van Wunnik 107/02/2012 Xavier Corman | Martin van Wunnik 117/04/2012 MIC boostcamp - Finance workshop Translating your business model into figures What are the key parts of your financial plan? What is the logic behind it? Azèle Mathieu Catherine Blondiau Rodolphe d'Udekem d'Acoz Martin van Wunnik 12 Sept ’13
  2. 2. Xavier Corman | Martin van Wunnik 207/02/2012 Who are we ? Martin van Wunnik Azèle Mathieu Catherine Blondiau Rodolphe d'Udekem d'Acoz 12 Sept ’13
  3. 3. Xavier Corman | Martin van Wunnik 307/02/2012 This presentation is available for free: http://www.slideshare.net/FinanceCoach24 12 Sept ’13
  4. 4. Xavier Corman | Martin van Wunnik 407/02/2012 Xavier Corman | Martin van Wunnik 417/04/2012 Why a Financial Plan ? If you don't think about the future, you cannot have one. John Golsworthy where you want to go how you are supposed to get there You need to know 12 Sept ’13
  5. 5. Xavier Corman | Martin van Wunnik 507/02/2012 Xavier Corman | Martin van Wunnik 517/04/2012 12 Sept ’13
  6. 6. Xavier Corman | Martin van Wunnik 607/02/2012 Xavier Corman | Martin van Wunnik 617/04/2012 Financial Plan Content – Assumptions – Profit & Loss – Balance Sheet / Investment – Cash-Flow -> Cash needed – Valuation of the project – Profitability / return of the project 12 Sept ’13
  7. 7. Xavier Corman | Martin van Wunnik 707/02/2012 Xavier Corman | Martin van Wunnik 717/04/2012 Fixed costs 1. What is the structure to run the business: SPRL/BVBA or SA/NV? How many (co)founders and employees (1, 5 or 50)? Employees or outsourced workforce? 2. Back-office services required? 3. Required operational fixed costs? 4. Where: in Brussels, Wallonia, Flanders? Any outsourced activities outside Belgium? R&D 1. Budget and estimated period? Type of R&D? Recurrent? 2. How many people for R&D? Investments 1. Planned investments? Computers, software licence, machines, etc… 2. Budget and schedule of the investments 12 Sept ’13
  8. 8. Xavier Corman | Martin van Wunnik 807/02/2012 Xavier Corman | Martin van Wunnik 817/04/2012 Accounting: Profit & Loss (P&L) Revenues (Sales…) COGS (Cost of Sales) General Expenditures Personnel Costs Depreciation Financial cost Profit Taxes EBIT 12 Sept ’13
  9. 9. Xavier Corman | Martin van Wunnik 907/02/2012 Xavier Corman | Martin van Wunnik 917/04/2012 Accounting: Balance Sheet Non Current Assets (Actifs Immobilisés/ Vast Activa) Equity + Reserves (Capital/Kapitaal) LT Debts ST Debts Current Assets (Actifs circulants/ Vlottend Activa) ACTIVE PASSIVE 12 Sept ’13
  10. 10. Xavier Corman | Martin van Wunnik 1007/02/2012 Xavier Corman | Martin van Wunnik 1017/04/2012 Required Cash-Flow 12 Sept ’13
  11. 11. Xavier Corman | Martin van Wunnik 1107/02/2012 Xavier Corman | Martin van Wunnik 1117/04/2012 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… 12 Sept ’13
  12. 12. Xavier Corman | Martin van Wunnik 1207/02/2012 Xavier Corman | Martin van Wunnik 1217/04/2012 • 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’ 12 Sept ’13
  13. 13. Xavier Corman | Martin van Wunnik 1307/02/2012 Xavier Corman | Martin van Wunnik 1317/04/2012 How to finance your startup ? Equity LT Debts ST Debts 12 Sept ’13
  14. 14. Xavier Corman | Martin van Wunnik 1407/02/2012 Xavier Corman | Martin van Wunnik 1417/04/2012 Your case Free download: http://www.slideshare.net/FinanceCoach24 12 Sept ’13
  15. 15. Xavier Corman | Martin van Wunnik 1507/02/2012 Xavier Corman | Martin van Wunnik 1517/04/2012 12 Sept ’13

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