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MIC boostcamp - Finance workshop

Translating your business model into figures

What are the key parts of your financial plan?

What is the logic behind it?

Azèle Mathieu

Rodolphe d'Udekem d'Acoz

Martin van Wunnik

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Who are we ?

Martin van Wunnik

Azèle Mathieu

Rodolphe d'Udekem d'Acoz

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Xavier Corman | Martin van Wunnik 307/02/2012

This presentation is available for free:

http://www.slideshare.net/FinanceCoach24

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Why a Financial Plan ?

If you don't think about the future,

you cannot have one. John Golsworthy

where you want to go

how you are supposed to get there

You need to know

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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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Accounting: Profit & Loss (P&L)

Revenues (Sales…)

COGS (Cost of Sales)

General Expenditures

Personnel Costs

Depreciation

Financial cost

Profit

Taxes

EB

IT

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Accounting: Balance Sheet

Non Current Assets

(Actifs Immobilisés/

Vast Activa)

Equity + Reserves

(Capital/Kapitaal)

LT Debts

ST Debts

Current Assets

(Actifs circulants/

Vlottend Activa)

ACTIVE PASSIVE

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Tips for assumptions

• Office: 10-25 m²/person

• EUR 100/m²/year + 15 % for maintenance

[ or COWORKING !]

• Insurances: 1 -3 % of revenues

• Marketing: define a % of revenues + starting

investment

• Don’t forget lawyers, accountant, social

secretary, office supplies…

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• Car leasing : 300 – 800 EUR per month

• Salary : Gross monthly x 19,2 = Yearly cost

• Revenues: worst-case & best-case

– First 3 to 6 months: 0 EUR

– Maximum ‘billable’ hours per day

(one-off events, holidays, prospecting, etc...)

• Own salary : “0 EUR” / Realistic

� different ‘hats’

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Required Cash-Flow

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How to finance your startup ?

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Equity

LT Debts

ST Debts

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Your case

Free download:

http://www.slideshare.net/FinanceCoach24

18 Jan ’13