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Basics of financial planning for a bootstrapped start up.

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Basic guidelines for financial planning during bootstrapping your start up.

SUP Academy
Start up Chile.
Santiago.

Published in: Business
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Basics of financial planning for a bootstrapped start up.

  1. 1. Welcome Fundraising, cost planning and budgeting during bootstrapping Think > Plan > Execute September 30, 2014 Presented by: Fernanda – Start Up Chile / Cheruku – IDOS CORP
  2. 2. Aim for the Goal. What do you want to achieve with your business? Think Plan Execute • Business plan • Cost planning • Budgeting • Source of money • Goal • Time • Resources • Revenue generation • Fund raise • Implement • Revise
  3. 3. Think.
  4. 4. Plan. Product What are we building? Cost How much money do we need? Budget What expenses do we need to incur & when Source of funds Where do we get the money for expenses
  5. 5. Plan. Product What are we building?  What problem is the product going to solve  How many people / businesses have this problem  Are there other competing products to solve this problem  Differentiators in our product  How will be sell our product – marketing & sales strategy  Monthly burn  Pricing  Break-even
  6. 6. Plan. Cost How much money do we need?  Must have  One time expenses  Monthly expenses  Good to have  One time expenses  Monthly expenses
  7. 7. Plan – Cost planning Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Must have 150000 Monthly Total expenses 145400 Office 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 Salaries 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 Utilities 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 Travel 2000 1000 0 5000 0 0 1000 2000 0 3000 1000 4000 Total 1200 0 11000 10000 15000 10000 10000 11000 12000 10000 13000 11000 14000 One time Laptop 1500 0 0 0 0 2000 0 0 2500 0 0 0 Printer 0 0 0 200 0 0 0 0 0 0 0 0 License 100 0 0 0 0 0 100 0 0 0 0 0 Total 1600 0 0 200 0 2000 100 0 2500 0 0 0 1360 0 11000 10000 15200 10000 12000 11100 12000 12500 13000 11000 14000
  8. 8. Plan – Budget Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Expenses 1360 0 11000 10000 15200 10000 12000 11100 12000 12500 13000 11000 14000 Funds available Personal 1200 0 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 Sales 0 0 0 0 0 0 0 0 0 3000 5000 5000 Shortage 1600 0 0 3200 0 0 0 0 500 0 0 0 Surplus 0 1000 2000 0 2000 0 900 0 0 2000 6000 3000 Total shortage 5300 Total surplus 16900 Net surplus 11600
  9. 9. http://www.youtube.com/watch?v=pN709oX9Bzk
  10. 10. Plan – Source of funds Source of funds Where do we get the money for expenses  How much money to raise?  When to raise money?  How to raise the money & at what cost?  Sales revenue  Accelerators  Friends and family  Loan from banks  Angel investment  Venture capital
  11. 11. Execute.
  12. 12. Thank you

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