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Business Plans
Michael Carter
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Number Date Description Miles Total Travel/Subsistence Computer Phone Stationery
1 20-May Lunch with Shaun 12.75 12.75 2 21-May Business Cards 27.00 27.00 3 22-May Visit manufacturer 30 13.50 13.50
4 22-May Coffee for manufacturer 4.50 4.50 5 24-May Lead for computer 49.99 49.99
Expenses
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Business Plans
Why?
• Guide the business?• For investors?• Teambuilding?• For posterity?
Michael Carter
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Share staircase Price Cash "You" Others
Start 1p £ 100 10,000 100% 0 0%
Good friends 10p £ 200 83% 2,000 17%
Ex boss £1 £ 2,000 71% 2,000 29%
Crowdfunding £2 £ 10,000 53% 5,000 47%
£ 12,300 10,000 53% 9,000 47%
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Business Plans
What’s in it?• Executive summary• Team & staff• Product & Market• SWOT• Financial Projections• (Appendices)
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Business Plans
What’s in it?• 10 pages?• Photos, pictures & charts• KISS• External data• One person’s work• Enthusiasm
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Business Plans
Doing the numbers
If you are not an accountant – everything is something!
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Profit & Loss- These are the business transactions
Cashflow-This is simply things going through the bank
Balance Sheet- This is what the business has left
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Some examples• £100 of shares = CAPITAL & BANK
• £1k of sales = SALES & BANK or DEBTORS
• £500 from a debtor = (minus)DEBTORS & CASH
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SAMPLE1. £500 paid for shares2. £300 paid for stock3. stock sold for £1,000 on credit4. £500 paid by debtor5. £666 for a computer6. Buy £300 more stock, on credit
1 2 3A 3B 3 4 5 6 PeriodProfit & Loss
Sales 1,000 1,000Cost of sales (300) (300)Profit 700 700
Cashflow InflowsInvestment 500 500Sales receipts 500 500
500 0 0 500 0 0 1,000OutflowsStock (300) (300)Fixed assets (666) (666)
0 (300) 0 0 (666) 0 (966)
Bank balance 500 200 200 700 34 34 34
Balance Sheet Fixed assets 666 666 666Stock 300 -300 0 300 300Debtors +1,000 1,000 500 500 500 500Creditors (300) (300)Bank 500 200 200 700 34 34 34
500 500 1,200 1,200 1,200 1,200 1,200
Share capital 500 500 500 500 500 500 500Retained profit 0 0 700 700 700 700 700
500 500 1,200 1,200 1,200 1,200 1,200