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How To BuildA Financial Plan?
byJürgen van de Sande21 September 2016
Let’s introduce myself
Jürgen van de Sande AA
accountant partner
starting companies and growers SMEsannual reports, fiscal declarationsfinance, structure/organization, acquisitiondwo and accountancy departments
OUR VISION
An entrepreneur’s life 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.
Introduction De Wert
The first step is the hardest …
Little ones grow
Sometimes it hurts to let go
Program
• Basics for a business plan
You entrepreneur! Why should you? Where do you find a template?
• Get started on your financial plan
Template Excercise
Basics for a business plan
You entrepreneur!
• From business 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
You entrepreneur!
You
CompanyMarket
Finance
Why should you?
• Banks
Risk of defaults
Ability to repay loan and interest
• Venture capitalists
Initial investment
Feasibility
Exit valuation
Why should you?
• Companies with a (business) plan grow faster and are more
sucessful.
• Compare your forecast with actual results frequently to adjust …
on time
16 months late…
Where do you find a template?
• Template for 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
Get started on your financial plan!
Template
Executive summary:
a short summary about who you are, what your company does and why you need finance
Template
Internal and external analyse:
Business descriptionBusiness environment analysisCompetitorsSWOT analysis
Template
Marketing mix:
ProductPricePromotionPlacePersonnelPanda or Porsche
Template
Market details and estimation own sales:
Total marketYour market share
Your net turnoverYour gross margin
Template
Exploitation expenses:
Personnel expensesHousing expensesSelling expensesCar and transport expensesGeneral expensesFinancial income and expense
Template
WHEN WRITING THE
BUSINESS PLAN,
THINK OF THE
CONSEQUENCES FOR
THE FINANCIAL PLAN
Template
Template
Excercise
• To excel and 14 columns paper
… are you able to prepare a financial plan for your
own business now?
So …
Questions?
