Je me lance : comment confronter mon plan financier avec la réalité ?
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IKKI Open Coffee Brussels @TheLOFT Brussels : Je me lance : comment confronter mon plan financier avec la réalité ? 2/3/2012
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Je me lance : comment confronter mon plan financier avec la réalité ?
- 1. Je me lance! Comment confronter mon plan financier avec la réalité ? 1
- 2. Creativity level Finance & Accounting level 2
- 3. Martin van Wunnik Xavier Corman 3
- 4. This presentation is available for free: http://coworkingbrussels.com/blog/ http://www.slideshare.net/FinanceCoach24 http://www.slideshare.net/xaviercorman 4
- 5. Creativity level 1.000 EUR 21% VAT (quarterly or monthly refund) Cash out: 1.210 EUR Cash in: 210 EUR (>3m) Investments Profit impact: 200 EUR over 5y Cost Profit impact: 1.000 EUR Finance & Accounting level 5
- 7. 7
- 8. Why a Financial Plan ? 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 get there 8
- 9. Accounting: notions • Balance Sheet – Bilan – Balans • Profit & Loss – Compte de résultat – Winst-en Verliesrekening • Cash-flow – Trésorerie – Schatkist • Financial Plan – Plan financier – Financieel Plan 9
- 10. Accounting: Balance Sheet ACTIVE PASSIVE Equity + Reserves (Capital/Kapitaal) Non Current Assets (Actifs Immobilisés/ Vast Activa) LT Debts Current Assets (Actifs circulants/ Vlottend Activa) ST Debts 10
- 11. Accounting: Profit & Loss (P&L) COGS (Cost of Sales) Personnel Costs General Expenditures Revenues (Sales…) Depreciation Financial cost Profit 11
- 12. Financial Plan Content – Assumptions – Profit & Loss – Balance Sheet / Investment – Cash-Flow -> Cash needed – Valuation of the project – Profitability / return of the project 12
- 13. 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 ? 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 ? 14
- 15. 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 15
- 16. Tips for assumptions • Office: 25 m²/person • EUR 100/m²/year + 15 % for maintenance [ or COWORKING !] • Insurances: 1 % of revenues • Marketing: define a % of revenues + starting investment • Don’t forget lawyers, accountant, social secretary, office supplies… 16
- 17. • Car leasing : 300 – 800 EUR per month • Salary : Gross monthly x 19,2 = Yearly cost • Revenues: worst-case & best-case – First 3-6 months: 0 EUR – Maximum ‘billable’ hours per day (one-off events, holidays, prospecting, etc...) • Own salary : “0 EUR” different ‘hats’ 17
- 18. 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 18
- 19. Required Cash-Flow 19
- 20. CASH 20
- 21. Hats/Personalities Founders: 3 years responsibility 21
- 22. How to finance your start-up ? Equity LT Debts ST Debts 22
- 23. Questions & Answers Free download: http://coworkingbrussels.com/blog/ http://www.slideshare.net/xavierCorman http://www.slideshare.net/FinanceCoach24.com 23