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
Workshop for Eindhoven Startups Foundation about Starting as a Private Limited Liability Company (besloten vennootschap, B.V.) in the Netherlands
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
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
Workshop for Eindhoven Startups Foundation about Starting as a Private Limited Liability Company (besloten vennootschap, B.V.) in the Netherlands
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
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/
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?
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.
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
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
Collaboratieve rapportering bij de Elia GroupFinanceCoach24
Publicatie voor FDmagazine over de collaboratieve ‘last-mile’ rapportering bij de geconsolideerde cijfers van de Belgische-Duitse Elia Group:
“Collaboratieve rapportering bij de Elia Group”
Oktober 2021
Elia - 50Hertz Transmission GmbH
#FDMagazine #collaboratieve #aanpak #software #artikel #CFO #FD #toelichtingen #disclosures #notes #Elia #50Hz #financiële #consolidatie #SAP #SAPBPC #BPC #Sturnis365 #excel #word
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/
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?
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.
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
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
Collaboratieve rapportering bij de Elia GroupFinanceCoach24
Publicatie voor FDmagazine over de collaboratieve ‘last-mile’ rapportering bij de geconsolideerde cijfers van de Belgische-Duitse Elia Group:
“Collaboratieve rapportering bij de Elia Group”
Oktober 2021
Elia - 50Hertz Transmission GmbH
#FDMagazine #collaboratieve #aanpak #software #artikel #CFO #FD #toelichtingen #disclosures #notes #Elia #50Hz #financiële #consolidatie #SAP #SAPBPC #BPC #Sturnis365 #excel #word
My presentation for ULB Solvay Seminar: How to Plan, Launch and Market Your Startup
July 2nd, 2014 (Brussels)
Pictures:
https://www.flickr.com/photos/martin_vw/14388009979/
https://www.flickr.com/photos/martin_vw/14571351331/
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
3. Finance for Startups
• Introduction
• Company Setup
• Accounting
• Financial Plan
• Funding your startup
• Valuation / Dilution
• Q&A
20/02/2013 Xavier Corman | Martin van Wunnik 3
4. Who are we ?
Martin van Wunnik
Xavier Corman
20/02/2013 Xavier Corman | Martin van Wunnik 4
5. This presentation is available for free:
http://www.slideshare.net/XavierCorman
http://www.slideshare.net/FinanceCoach24
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6. Creativity
level
Finance & Accounting
level
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7. Creativity level
Reality check
Funding Value ?
Investments, Costs, Revenues,
Cash
Financial Plan & Elevator pitch
Organization/Company
Finance & Accounting
Team/Partners
level
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9. Why Finance for Startups ?
If you don't think about the future,
you cannot have one.
John Golsworthy
where you want to go
You need to know
how you are supposed to go
20/02/2013 Xavier Corman | Martin van Wunnik 9
11. Company Setup
» Why should I ?
» Capital
» Hats/Personalities
20/02/2013 Xavier Corman | Martin van Wunnik 11 11
12. Why should I ?
Limit your liabilities !
Professional touch
Fiscal 34% (24% for 3y)
Succession
...
Formalities & some costs
(bank, notary, KBO/CBE, social secretary)
Double entry accounting
Revisor for in-natura contributions
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13. Minimum capital
Legal
BVBA-SPRL (min.1)
CVBA-SCRL (flexible)
18.550 EUR 6.200 EUR
(or 12.400 EUR)
SA-NV (min.2):
61.500 EUR
REAL minimum = Business required !
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14. Shareholders Control (>51%)
Absolute / Relative majority
40% - 60%
40% - 10% - 10% -10% -10% -10% -10%
Voting Rights
Class A & B
Minority (blocking) interest
Investors per phase (dilution)!
Stock options:
fiscal implications, buyer required
vesting conditions : targets, period (4y)
20/02/2013 Xavier Corman | Martin van Wunnik 14 14
15. Hats/Personalities
Founders:
3 years responsibility
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16. Accounting: notions
• Balance Sheet – Bilan – Balans
• Profit & Loss – Compte de résultat – Winst-en Verliesrekening
• Cash-flow – Trésorerie – Schatkist
• Financial Plan – Plan financier – Financieel Plan
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17. 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
20/02/2013 Xavier Corman | Martin van Wunnik 17
18. Accounting: Profit & Loss (P&L)
COGS (Cost of Sales)
Personnel Costs
General Expenditures
Revenues (Sales…)
Depreciation
Financial cost
Profit
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19. Financial Plan
Content
– Assumptions
– Profit & Loss
– Balance Sheet / Investment
– Cash-Flow -> Cash needed
– Valuation of the project
– Profitability / return of the project
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20. Financial Plan in 10 min
• Don’t waste your time in developing a huge
financial plan before to be sure that your
project is viable !
• In many case, in less than 10 minutes, you can
see if your idea worst something.
• How to make a very quick financial plan ?
20/02/2013 Xavier Corman | Martin van Wunnik 20
21. Financial Plan in 10 min /questions
What are your revenues ?
What are your costs ?
What are your investments ?
How many persons for your project ?
20/02/2013 Xavier Corman | Martin van Wunnik 21
22. Financial Plan / Prerequisites &
Assumptions
• Financial plan for 3 to 5 years
• Monthly or Quarterly base
• Excel or Calc is your friend
• Start by listing your main assumptions
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23. Financial Plan / Tips for assumptions
• Office: 25 m²/person
• Price of offices: EUR 150/m²/year + 15 % for
maintenance
• Insurances: 1 % of revenues
• Marketing: define a % of revenues + starting
investment
• Don’t forget lawyers, accountant, social
secretary, office supplies…
20/02/2013 Xavier Corman | Martin van Wunnik 23
24. Financial Plan / Profit & Loss
Revenues (Sales…)
COGS (Cost of Sales)
General Expenditures
COSTS
Personnel Costs
Financial cost
Depreciation CASH
CASH-FLOW IF NEGATIVE DRAIN
Profit
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25. Financial Plan / Investments
List all your scheduled investments
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
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27. Funding
Some remarks
Principles
Options
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28. Funding, ‘Financing’
And entrepreneurs? They seem to have confused the definition of
entrepreneurship altogether.
Entrepreneurship, they mistakenly believe, equals financing!
This is wrong.
Over 99% of entrepreneurs who seek funding get rejected.
Yet, the entire world is focused on the 1% that is "fundable."
http://www.readwriteweb.com/start/2012/01/the-other-99-of-entrepreneurs.php
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30. Interest – Returns
100 102 Bank
100 0..1000 Stock market
100 100 F.F.F.
100 107 Bank
100 130 BA / VC
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31. 100+7=107 Bank
Principal & Interest
Able to pay back over time
Guarantees
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32. 20/02/2013 Xavier Corman | Martin van Wunnik 32
33. Valuation
• The value of any business is the present value
of the future income stream
• You sell future virtual profits for present real
money
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34. Valuation
Exit Money
s
ue
iq
hn
Tec
up
h-
tc
Ca
Sweat Money
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
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35. Valuation - What is dilution ?
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36. Questions & Answers
Free download :
http://www.slideshare.net/XavierCorman
http://www.slideshare.net/FinanceCoach24
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