Financial modelling presentation - M Dawes

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

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Financial modelling presentation - M Dawes

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

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