how to build a financial plan?
TRANSCRIPT
![Page 1: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/1.jpg)
How To BuildA Financial Plan?
byJürgen van de Sande21 September 2016
![Page 2: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/2.jpg)
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
![Page 3: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/3.jpg)
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
![Page 4: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/4.jpg)
The first step is the hardest …
![Page 5: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/5.jpg)
Little ones grow
![Page 6: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/6.jpg)
Sometimes it hurts to let go
![Page 7: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/7.jpg)
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
![Page 8: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/8.jpg)
Basics for a business plan
![Page 9: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/9.jpg)
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
![Page 10: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/10.jpg)
You entrepreneur!
You
CompanyMarket
Finance
![Page 11: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/11.jpg)
Why should you?
• Banks
Risk of defaults
Ability to repay loan and interest
• Venture capitalists
Initial investment
Feasibility
Exit valuation
![Page 12: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/12.jpg)
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
![Page 13: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/13.jpg)
16 months late…
![Page 14: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/14.jpg)
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
![Page 15: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/15.jpg)
Get started on your financial plan!
![Page 16: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/16.jpg)
Template
Executive summary:
a short summary about who you are, what your company does and why you need finance
![Page 17: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/17.jpg)
Template
Internal and external analyse:
Business descriptionBusiness environment analysisCompetitorsSWOT analysis
![Page 18: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/18.jpg)
Template
Marketing mix:
ProductPricePromotionPlacePersonnelPanda or Porsche
![Page 19: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/19.jpg)
Template
Market details and estimation own sales:
Total marketYour market share
Your net turnoverYour gross margin
![Page 20: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/20.jpg)
Template
Exploitation expenses:
Personnel expensesHousing expensesSelling expensesCar and transport expensesGeneral expensesFinancial income and expense
![Page 21: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/21.jpg)
Template
WHEN WRITING THE
BUSINESS PLAN,
THINK OF THE
CONSEQUENCES FOR
THE FINANCIAL PLAN
![Page 22: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/22.jpg)
Template
![Page 23: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/23.jpg)
Template
![Page 24: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/24.jpg)
Excercise
• To excel and 14 columns paper
![Page 25: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/25.jpg)
… are you able to prepare a financial plan for your
own business now?
So …
![Page 26: How To Build A Financial Plan?](https://reader034.vdocument.in/reader034/viewer/2022042618/58a5eeb71a28aba5728b581b/html5/thumbnails/26.jpg)
Questions?