It's time to crunch the numbers
Profitable entrepreneurs develop precise financial plans that predict vital information such as how much money it will take to get started. Such financial planning is essential, but developing one can be a struggle. This masterclass will offer you a few leading principles, wich will help you tackle the challenges of forecasting startup costs and creating a solid financial plan.
1. Standard layout
Explanation of the “standard” layout of a financial plan, covering the prognosticated profit and loss accounts, cash flow, and balance sheet. Learn about the different approaches to the model for the “for profit”, “not for profit” and “everything in between” initiatives.
2. Various financial scenarios
Planning future revenue/income is difficult. Therefore this subject will get some special attention.
3. Practice what you preach
You will be asked to do a first rough sketch of a financial plan for your business. Working with the actual numbers will confront you with the possibilities and impossibilities of your setup and some major business decisions that need your attention.
4. Presenting your financial plan
How do third parties (like banks, investors, funders) judge financial plans? You will take some time to think about how this information could affect the presentation of your financial business case.
14.45 | Doors open
15.00 | Start Masterclass by Stijn Quast
17.30 | End
Stijn is our very own Finance and Business Operations lead, interested in helping to grow great organizations. His main expertise is the development of the organization itself - its people, systems, and processes- while aligning these with the business (growth) strategy and societal and environmental goals. Stijn is also owner and founder of "Beef-up" for organizational & business development.