SlideShare a Scribd company logo
Spring 2011
         Week 2
        Tetuan Valley, April 2011
Con la colaboración de   Centros participantes
FINANZAS PARA EMPRENDEDORES

 OBJETIVO                                     SESIÓN 1
                                              • Conceptos
 Introducir a estudiantes de pérfil técnico   • Principios
 los conceptos financieros clave a la hora    • Ecuaciones
 de emprender
                                              • Inversores; Objetivos y restricciones, etapas, “Capital riesgo” y
                                                  Palancas de Valor
 RESULTADO                                    • Conclusiones para el emprendedor
 •Comprensión de los indicadores
 financieros clave
 •Capacidad para parametrizar los             SESIÓN 2
 modelos facilitados de cara a valorar una    • Business Plan
 startup y presentar las proyecciones         • Precio
 finnacieras a inversores                     • Modelo de Negocio
                                              • Otras herramientas
 DURACIÓN
 2 sesiones 4h




                                                                                                        18/04/2011
FINANZAS PARA EMPRENDEDORES – Sesión 2


 1. The Business Plan

 2. The Price

 3. The Business Model

 4. Other Tools




                                         18/04/2011
My time is valuable… how much
m


will I spend looking at your BP




                            4/18/2011
18/04/2011
What investors
are looking for

…and so should
YOU

4/18/2011
Your
Company
             Your
             Investor




             Your
             Numbers
 4/18/2011
WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: COMPANY
                                   Opportunity description
  WHO ARE YOU                      Business Model
                                   Need Satisfied

                                   Products / Services
  WHAT DO YOU DO                   Market Objective
                                   Competitors

  HOW DO YOU                       Sales & Marketing Strategy
  ACHIVE IT                        Current and Funnel Clients


  OPPORTUNITY FOR                  Investment Allocation
  THE INVESTOR                     Exit Strategy

                                                              4/18/2011
WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: INVESTOR
    Business Sector (Tags)
    Contact Information
    Executive Team
    Financial Information          RELEVANT
      ― Investment Stage


      ― Current Capital
                                    INFORMATION
      ― Monthly Burn Rate
                                    FOR THE
      ― Pre-Money Valuation         INVESTOR
      ― Investment Capital


    Current Investors
    Forums

                                                   4/18/2011
WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: NUMBERS


 Multiplier                      Año1     …       Año n
                   Revenues
 CF Breakeven      EBITDA
                   Net Result
                   Assets
                   Liabilities
                   Cash




                                        Money… when
                                        and how much
                                                          4/18/2011
FINANZAS PARA EMPRENDEDORES – Sesión 2


 1. The Business Plan

 2. The Price

 3. The Business Model

 4. Other Tools




                                         18/04/2011
PRICING METHODS - BENCHMARK

                              Useful for similar
                              products
                              Difficult to obtain data

                              Be careful
                                What you compare


                                Units


                                Time


                                Location


                              Tabulate data and
                              present in graphs or
                              simple tables
                                               18/04/2011
PRICING METHODS - MARKUP

                           Useful for established
                           products in competitive
                           atmosphere
                           Always lower limit
                           Easy to obtain data… your
                           company
                           Be careful
                             Over price


                             Cost Allocation


                             Unitary marginal,

                              variable and fixed cost

                                               18/04/2011
PRICING METHODS – VALUE ADDED

                                Useful for breakthrough
                                technologies
                                Clearly explain the gains
                                the client will have
                                Difficult to obtain data
                                Always upper limit
                                Be careful
                                  What are the needs of

                                   the client
                                  Determine the value

                                   per use

                                                    18/04/2011
FINANZAS PARA EMPRENDEDORES – Sesión 2


 1. The Business Plan

 2. The Price

 3. The Business Model

 4. Other Tools




                                         18/04/2011
What makes your business tick
Up and Down… almost ALWAYS is related




                                 4/18/2011
How to determine your business drivers

                        Target: Commercials in FMCG companies
         How
                           5.000 users first year , recurrent and growing
        How                       Go to 5 of the 100 companies in the market

      How                1           Market Average is 1000 users/ client
                                         Do you still have 5.000 Users?
                             I personally (or my network) know 5 decision takers in


    How                  2    those companies, initial prospection has been made
                                          Do you still have 5.000 Users?


                         3      Do de companies have control over the users?
                                        Do you still have 5.000 Users?



 How                     4       Are my clients going to demand a trial phase
                                        Do you still have 5.000 Users?


                         5       Success in conversion rate from trial to client?
                                         Do you still have 5.000 Users?
                                                                            4/18/2011
Usefulness

                     Target: Commercials in FMCG companies
                        5.000 users first year , recurrent and growing
                               Go to 5 of the 100 companies in the market
 Marketing / Sales
    Strategy         1            Market Average is 1000 users/ client
                                      Do you still have 5.000 Users?
                          I personally (or my network) know 5 decision takers in
     Scalability     2     those companies, initial prospection has been made
                                       Do you still have 5.000 Users?


    Success of
 product / service
                     3       Do de companies have control over the users?
                                     Do you still have 5.000 Users?


                     4        Are my clients going to demand a trial phase
                                     Do you still have 5.000 Users?


                     5        Success in conversion rate from trial to client?
                                      Do you still have 5.000 Users?
                                                                         4/18/2011
Revenue Streams


 Asset Sale
 Usage Fee
 Subscription Fee
 Lending / Renting / Leasing
 Licensing
 Brokerage / Commissioning
 Advertising

                               4/18/2011
Don’t be afraid…
Your own matrix …
We will help you with an standard




                                    18/04/2011
18/04/2011
FINANZAS PARA EMPRENDEDORES – Sesión 2


 1. The Business Plan

 2. The Price

 3. The Business Model

 4. Other Tools




                                         18/04/2011
18/04/2011

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Tetuan Valley Startup School IV - Spring 2011 - Week 2

  • 1. Spring 2011 Week 2 Tetuan Valley, April 2011
  • 2. Con la colaboración de Centros participantes
  • 3. FINANZAS PARA EMPRENDEDORES OBJETIVO SESIÓN 1 • Conceptos Introducir a estudiantes de pérfil técnico • Principios los conceptos financieros clave a la hora • Ecuaciones de emprender • Inversores; Objetivos y restricciones, etapas, “Capital riesgo” y Palancas de Valor RESULTADO • Conclusiones para el emprendedor •Comprensión de los indicadores financieros clave •Capacidad para parametrizar los SESIÓN 2 modelos facilitados de cara a valorar una • Business Plan startup y presentar las proyecciones • Precio finnacieras a inversores • Modelo de Negocio • Otras herramientas DURACIÓN 2 sesiones 4h 18/04/2011
  • 4. FINANZAS PARA EMPRENDEDORES – Sesión 2 1. The Business Plan 2. The Price 3. The Business Model 4. Other Tools 18/04/2011
  • 5. My time is valuable… how much m will I spend looking at your BP 4/18/2011
  • 7. What investors are looking for …and so should YOU 4/18/2011
  • 8. Your Company Your Investor Your Numbers 4/18/2011
  • 9. WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: COMPANY  Opportunity description WHO ARE YOU  Business Model  Need Satisfied  Products / Services WHAT DO YOU DO  Market Objective  Competitors HOW DO YOU  Sales & Marketing Strategy ACHIVE IT  Current and Funnel Clients OPPORTUNITY FOR  Investment Allocation THE INVESTOR  Exit Strategy 4/18/2011
  • 10. WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: INVESTOR  Business Sector (Tags)  Contact Information  Executive Team  Financial Information RELEVANT ― Investment Stage ― Current Capital INFORMATION ― Monthly Burn Rate FOR THE ― Pre-Money Valuation INVESTOR ― Investment Capital  Current Investors  Forums 4/18/2011
  • 11. WHAT WE INCLUDE IN A FINANCIAL 1 PAGER: NUMBERS Multiplier Año1 … Año n Revenues CF Breakeven EBITDA Net Result Assets Liabilities Cash Money… when and how much 4/18/2011
  • 12. FINANZAS PARA EMPRENDEDORES – Sesión 2 1. The Business Plan 2. The Price 3. The Business Model 4. Other Tools 18/04/2011
  • 13. PRICING METHODS - BENCHMARK Useful for similar products Difficult to obtain data Be careful  What you compare  Units  Time  Location Tabulate data and present in graphs or simple tables 18/04/2011
  • 14. PRICING METHODS - MARKUP Useful for established products in competitive atmosphere Always lower limit Easy to obtain data… your company Be careful  Over price  Cost Allocation  Unitary marginal, variable and fixed cost 18/04/2011
  • 15. PRICING METHODS – VALUE ADDED Useful for breakthrough technologies Clearly explain the gains the client will have Difficult to obtain data Always upper limit Be careful  What are the needs of the client  Determine the value per use 18/04/2011
  • 16. FINANZAS PARA EMPRENDEDORES – Sesión 2 1. The Business Plan 2. The Price 3. The Business Model 4. Other Tools 18/04/2011
  • 17. What makes your business tick Up and Down… almost ALWAYS is related 4/18/2011
  • 18. How to determine your business drivers Target: Commercials in FMCG companies How 5.000 users first year , recurrent and growing How Go to 5 of the 100 companies in the market How 1 Market Average is 1000 users/ client Do you still have 5.000 Users? I personally (or my network) know 5 decision takers in How 2 those companies, initial prospection has been made Do you still have 5.000 Users? 3 Do de companies have control over the users? Do you still have 5.000 Users? How 4 Are my clients going to demand a trial phase Do you still have 5.000 Users? 5 Success in conversion rate from trial to client? Do you still have 5.000 Users? 4/18/2011
  • 19. Usefulness Target: Commercials in FMCG companies 5.000 users first year , recurrent and growing Go to 5 of the 100 companies in the market Marketing / Sales Strategy 1 Market Average is 1000 users/ client Do you still have 5.000 Users? I personally (or my network) know 5 decision takers in Scalability 2 those companies, initial prospection has been made Do you still have 5.000 Users? Success of product / service 3 Do de companies have control over the users? Do you still have 5.000 Users? 4 Are my clients going to demand a trial phase Do you still have 5.000 Users? 5 Success in conversion rate from trial to client? Do you still have 5.000 Users? 4/18/2011
  • 20. Revenue Streams Asset Sale Usage Fee Subscription Fee Lending / Renting / Leasing Licensing Brokerage / Commissioning Advertising 4/18/2011
  • 21. Don’t be afraid… Your own matrix … We will help you with an standard 18/04/2011
  • 23. FINANZAS PARA EMPRENDEDORES – Sesión 2 1. The Business Plan 2. The Price 3. The Business Model 4. Other Tools 18/04/2011