Uploaded byJürgen van de Sande
From Business Idea to Financial Plan
The document outlines essential steps for entrepreneurs to write a business plan and create a financial plan, emphasizing the importance of preparation in starting a business. Jürgen van de Sande, an accountant with extensive experience in supporting entrepreneurs, provides insights on navigating the challenges of entrepreneurship, such as managing finances, legal considerations, and common startup traps. Tips for success include having a solid business plan, monitoring financial forecasts, and maintaining good administrative practices.
More Related Content
![[500DISTRO] The Scientific Method: How to Design & Track Viral Growth Experim...](https://cdn.slidesharecdn.com/ss_thumbnails/02brianbalfourhubspotfinal-140806211622-phpapp02-thumbnail.jpg?width=640&height=640&fit=bounds)
Similar to From Business Idea to Financial Plan
From Business Idea to Financial Plan
- 1. Eindhoven Startups Foundation 9December 2015 From Business Idea to Financial Plan by Jürgen van de Sande
- 2. Program • Who Iam / who is De Wert? • Part 1: Write a business plan – You entrepreneur – Steps to become an entrepreneur – Startup traps – Startup tips • Part 2: Get started on your financial plan – Template – Excercise
- 3. Who I am? Jürgenvan de Sande AA accountant partner starting companies and growers SMEs annual reports, fiscal declarations finance, structure/organization, acquisition human resources, dwo and accountancy departments
- 4. OUR VISION An entrepreneur’slife is full of important events. Like starting your company, growing or downsizing, cooperating or ending your business. Each and every choice you make will affect the future of your company. De Wert is your partner of choice. We have been supporting entrepreneurs since 1959 with accountancy, tax and HR advice, payroll and administrative services. Therefore, no matter what phase your company is in: rest assured with De Wert. Who is De Wert?
- 5. The first stepis the hardest …
- 6.
- 7. Sometimes it hurtsto let go
- 8. Part 1: Write abusiness plan
- 9. You entrepreneur! • Frombusiness idea to business concept • Entrepreneurial skills • My business idea (one-pager) • Market plan of the entrepreneur • Communication plan of the entrepreneur • Financial plan of the entrepreneur
- 10.
- 11. Steps to becomean entrepreneur Make a business plan: – What are you going to do? – How do you want to do that? – Where do you want to do that? – How much start capital I need? – When does the customer pay? – What to insure? – And more and more … What are you going to do when you wake up tomorrow morning?
- 12. Steps to becomean entrepreneur Arrange the finances: – How much will cost my product / service me? – What’s my selling price or fee? – Arrange bank matters (account, internet banking, finance), – What’s the expected profit?
- 13. Steps to becomean entrepreneur Arrange administrative matters: – register at Chamber of Commerce; – arrange tax matters; – setup administration; – settle patents and trademarks; – settle (environmental) permits; – apply general terms and conditions; – arrange insurances.
- 14. Steps to becomean entrepreneur Which legal form will best suit the enterprise? – one-man business (alone); – partnership under common firm (with more than one person); – private company (alone or with others). Choice between liability and fiscal.
- 15. Startup traps • Unclearagreements. • Defaulters. • No network. • Too few customers (dependence).
- 16. Startup traps • Tootight budget. • Disappointing sales. • Lack of administration. • Keep your records up-to-date. • Poor inventory management. • Incomprehension family.
- 17. Startup tips • Searchpartners. • Set a target on promotion. • Care for follow-up calls on promotional activities. • Check your competitor. • Focus on cash (cash is king). • Dare to say goodbye to customers.
- 18. Startup tips • Companieswith a (business) plan grow faster and are more sucessful. • Compare your forecast with actual results frequently.
- 19. Startup tips • Templatefor business plan and financial plan (in Dutch): https://qredits.nl/ondernemerstools/ondernemingsplansjabloon/ • Template for business plan Chamber of Commerce (in English): http://www.kvk.nl/download/Download%20businessplan_tcm73- 214600_tcm14-268816.doc
- 20.
- 21. Part 2: Get startedon your financial plan
- 22.
- 23.
- 24.
- 25.
- 26. Excercise • To whiteboard and 14 columns paper
- 27.