This document provides an overview of key financial concepts for running a business, including accounting basics, financial planning for entrepreneurs/projects, and cash flow management. It discusses balance sheets, profit and loss statements, how to develop a basic financial plan, and cash flow risks. Tips are provided on developing assumptions, understanding annual reports, and options for financing a startup, including clients, suppliers, banks, shareholders, and public funding sources.
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)FinanceCoach24
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)FinanceCoach24
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)Martin van Wunnik
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
I
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)Martin van Wunnik
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
I
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Financial Plan workshop (May 18th, 2015) for Microsoft Innovation Center Brussels' boostcamp programme, together with Catherine Blondiau & Rodolphe d'Udekem d'Akoz of impulse.brussels
MIC 2014 Workshop Financial Plan (Nov 2014)FinanceCoach24
Financial Plan workshop (Nov 18th, 2014) for Microsoft Innovation Center Brussels' boostcamp programme, together with Catherine Blondiau of impulse.brussels
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1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. Product & Service
level
Finance & Accounting
level
24/04/2012 Xavier Corman | Martin van Wunnik 2
3. Who we are ?
Martin van Wunnik
Xavier Corman
24/04/2012 Xavier Corman | Martin van Wunnik 3
4. Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs / projects (financial plan)
Where to look to find the main information
- Balance sheet - Profit & Loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
24/04/2012 Xavier Corman | Martin van Wunnik 4
5. Get the fundamentals right with three simple overviews
- Accounting basics
24/04/2012 Xavier Corman | Martin van Wunnik 5
7. Accounting: Balance Sheet
ACTIVE PASSIVE
Equity (Capital/Kapitaal)
Non Current Assets
(Actifs Immobilisés/
Vast Activa)
LT Debts
Current Assets
(Actifs circulants/
Vlottend Activa) ST Debts
24/04/2012 Xavier Corman | Martin van Wunnik 7
8. Profit & Loss statements (P&L)
COGS (Cost of Sales)
General Expenditures
Personnel Costs
Gross margin
Revenues (Sales…)
Depreciation
Financial cost
EBITDA
EBIT
Taxes
Profit
24/04/2012 Xavier Corman | Martin van Wunnik 8
9. Show me the money!
Revenues (Sales…)
COGS (Cost of Sales)
General Expenditures
Charges
Personnel Costs
Financial cost
Taxes
Depreciation CASH
CASH-FLOW IF NEGATIVE DRAIN
Profit
24/04/2012 Xavier Corman | Martin van Wunnik 9
10. Get the fundamentals right with three simple overviews
- Entrepreneurs / projects (financial plan)
24/04/2012 Xavier Corman | Martin van Wunnik 10
12. 24/04/2012 Xavier Corman | Martin van Wunnik 12
13. Content Financial Plan
– Assumptions
– Profit & Loss
– Balance Sheet / Investment
– Cash-Flow -> Cash needed
– Valuation of the project
– Profitability / return of the project
Don’t waste your time in developing a huge financial plan
before being sure that your project is viable !
24/04/2012 Xavier Corman | Martin van Wunnik 13
14. Financial Plan in 10 min /questions
What are your revenues ?
What are your costs ?
What are your investments ?
How many persons for your project ?
24/04/2012 Xavier Corman | Martin van Wunnik 14
15. • 3 to 5 years
• Monthly or Quarterly base
• Excel or Calc is your friend
• Start by listing your main assumptions
24/04/2012 Xavier Corman | Martin van Wunnik 15
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…
24/04/2012 Xavier Corman | Martin van Wunnik 16
17. Tips for assumptions
• 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 : Realistic
different ‘hats’
24/04/2012 Xavier Corman | Martin van Wunnik 17
18. Where to look to find the main information
- Balance sheet - Profit & Loss statement
24/04/2012 Xavier Corman | Martin van Wunnik 18
19. www.nbb.be “On-line consultation of annual accounts”
www.data.be
Yearly publication
2 years
Short or Long version
Public!
24/04/2012 Xavier Corman | Martin van Wunnik 19
20. 24/04/2012 Xavier Corman | Martin van Wunnik 20
21. 24/04/2012 Xavier Corman | Martin van Wunnik 21
22. 24/04/2012 Xavier Corman | Martin van Wunnik 22
23. GROSS MARGIN
– GENERAL
EXPENDITURES
PERSONNEL COSTS
DEPRECIATION
FIN. REVENUES
FINANCIAL
COSTS
LOSS
24/04/2012 Xavier Corman | Martin van Wunnik 23
24. Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
24/04/2012 Xavier Corman | Martin van Wunnik 24
25. CASH
Pay product Sell product Waiting Get payment
Buy product
payment
24/04/2012 Xavier Corman | Martin van Wunnik 25
27. How to finance your start-up ?
Clients
FFF
Suppliers
BA
Banks
VC
Shareholders
Crowd
Equity
LT Debts
ST Debts
Public
Banks
Shareholders
24/04/2012 Xavier Corman | Martin van Wunnik 27
28. Next Workshops
06/03/2012 | 18:30 – 20:30 • Company Setup
20/03/2012 | 18:30 – 20:30 • Accounting
17/04/2012 | 18:30 – 20:30 • Financial Plan
15/05/2012 |16:30 – 18:30 • Funding
29/05/2012 |18:30 – 20:30 • Valuation
ICAB (Brussels)
Registration through www.westartup.eu (50 EUR VAT incl.)
24/04/2012 Xavier Corman | Martin van Wunnik 28
29. This presentation is available for free:
www.slideshare/FinanceCoach24.com
www.slideshare.net/xaviercorman
Group:
www.meetup.com/Finance-for-Startups
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