generic businessplan

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    Venture 2006

    HINTS ABOUT THE FINANCIAL PLAN SPREADSHEET

    The present spreadsheet is available to Venture 2006 entrants as help in preparing their financial plans. The spreadsheet

    shall be used by Venture 2006 entrants solely for the participation in the Venture business plan competition explicitly for the

    preparation of the financial plan and for no other purposes. The spreadsheet may not be furnished to any other person.

    The individual parts of the financial plan are to some extent generic, and users should adapt them to reflect their own situation.

    Venture 2006 accepts no responsibility for the correctness or completeness of this spreadsheet. Entrants are responsible

    for all figures and statements derived from these spreadsheet.

    Contents

    Sheet no. Name Description

    1 Hints Hints on using the spreadsheet

    2 Assumptions Summary of the assumptions on which the financial plan is based

    3 Details Detailed information for preparing the profit & loss statement, balance sheet and cash flow calculation(P&L, balance sheet, cash flow) - Specification of costs and revenue

    - Cash flow calculation

    - P&L statement

    - Balance sheet

    - Personnel development

    - Gross margin per product/service

    - Wages

    - Investments

    4 Overview Summary/overview of the profit & loss statement, balance sheet and cash flow calculation

    (P&L, balance sheet, cash flow)

    5 Sales development Graph showing development of sales, gross margin and net prof it

    6 Cash needs Graph showing cumulated cash needs (scenarios)

    7 Graph data Data for graphs (Sheets 5 and 6)

    Remarks and recommended procedure

    1.) All the necessary entries can be made on Sheet 3 "Details (P&L, Balance Sheet, Cash Flow)". The relevant entry cells are shown in green;

    the remaining cells are calculated using this information and are best not altered (the spreadsheets should, of course, be adjusted to the

    specific situation).

    2.) The entries in your financial plan are determined by your assumptions (proposals on Sheet 3 "Details (P&L, Balance Sheet, Cash Flow)") and in the planning for the sale

    of your products/services and the development of the personnel levels. To facilitate handling the figures, you are recommended to record your assumptions/forecasts

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    Venture 2006HINTS ABOUT THE FINANCIAL PLAN SPREADSHEET

    on a separate spreadsheet (must be created), and to make the entries in Sheet 3 "Details (P&L, Balance Sheet, Cash Flow)" via links.

    3.) Calculations are monthly for the first two years, and annual thereafter. The overview spreadsheets for the P&L statement, the balance sheet and

    the cash flow calculation can be found on Sheet 4 "Overview (P&L, Balance Sheet, Cash Flow)".

    4.) Two basic graphs (Sales development and Cash needs) have been prepared (data entry via Sheet 7 "Graph data"); you are, however, recommended not

    to restrict yourself to these two graphs, but also to use other formats.

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    SAMPLE CO. LTDAssumptions for the financial plan (summary)

    SALES:

    - The first sales will take place in 1/2006- Price structure:

    Product/service 1 0

    Product/service 2 0

    Product/service 3 0

    Product/service 4 0

    COSTS OF SERVICES PROVIDED

    - Material costs per unit:

    Product/service 1 0

    Product/service 2 0

    Product/service 3 0

    Product/service 4 0

    OPERATING COSTS

    - Monthly wages reflect current market rates

    - Consultants for special projects and auditors will be paid at market rates

    - Social costs as percentage of wage costs 0%

    - Annual rise in wages 15%

    - The model for the number of employees is given in the financial plan

    - Commissions on sales 0%

    - Additional costs per person calculated as follows:

    Costs per pers./month ffice materi Travel mmunicationProduction 0 0 0

    Development/engineeri 0 0 0

    Marketing & sales 0 0 0

    Administration 0 0 0

    - Rent per square metre per month 0.00

    - Provisions for unpaid invoices in % of sales 0%

    - Interest income on liquid assets #####

    - Income tax 30%

    BALANCE SHEET

    - Debitors are settled within 30 days, creditors within 30 days- Goods are purchased on average 30 days before the sale of the product/service

    - Fixed assets include computers, software, office equipment and property

    - Individual depreciation periods per asset and cost centre

    - Provisions for wages represent half a monthly salary

    - Taxes are paid at the end of the tax period

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    Page 1

    SAMPLE CO. LTD

    Income & expenditure (direct calculation of cash flow)

    10-Mar-13 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Mo

    5:49 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Au

    CASH AT START OF MONTH/YEAR 0 0 0 0 0 0 0

    Income

    Sales income received 0 0 0 0 0 0 0

    Interest income 0 0 0 0 0 0 0

    Total income 0 0 0 0 0 0 0

    Expenditure

    Salaries 0 0 0 0 0 0 0

    Social and other personnel costs 0 0 0 0 0 0 0

    Commissions, bonuses 0 0 0 0 0 0 0

    Material purchases 0 0 0 0 0 0 0

    Returns 0 0 0 0 0 0 0

    Advertising 0 0 0 0 0 0 0

    Publicity material 0 0 0 0 0 0 0

    Exhibitions 0 0 0 0 0 0 0

    Office material 0 0 0 0 0 0 0Travel and refreshment 0 0 0 0 0 0 0

    Communication 0 0 0 0 0 0 0

    Maintenance/repairs 0 0 0 0 0 0 0

    Rent 0 0 0 0 0 0 0

    Water and electricity 0 0 0 0 0 0 0

    Insurance 0 0 0 0 0 0 0

    External consultants 0 0 0 0 0 0 0

    Prof. services (legal, accounting, etc.) 0 0 0 0 0 0 0

    Tax 0 0 0 0 0 0 0

    Capital expenditure 0 0 0 0 0 0 0

    Interest payments 0 0 0 0 0 0 0

    Total expenditure 0 0 0 0 0 0 0

    Increase/decrease in cash 0 0 0 0 0 0 0

    Funds received from financing 0 0 0 0 0 0 0

    Funds received from credits 0 0 0 0 0 0 0

    CASH AT END OF MONTH/YEAR 0 0 0 0 0 0 0

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    Page 2

    SAMPLE CO. LTD

    Cash flow calculation (indirect calculation)

    10-Mar-13 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Mon

    5:49 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug

    CASH AT START OF MONTH/YEAR 0 0 0 0 0 0 0

    Cash inflow

    Net profit 0 0 0 0 0 0 0

    Plus depreciation/amortization 0 0 0 0 0 0 0

    Plus changes in:

    Liabilities from performance 0 0 0 0 0 0 0

    Wage provisions 0 0 0 0 0 0 0

    Tax provisions 0 0 0 0 0 0 0

    Long-term debt/loans 0 0 0 0 0 0 0

    Total cash inflow 0 0 0 0 0 0 0

    Cash deployed

    Minus changes in:

    Net receivables from performance 0 0 0 0 0 0 0

    Stock 0 0 0 0 0 0 0

    Gross fixed assets 0 0 0 0 0 0 0

    Total cash deployed 0 0 0 0 0 0 0

    INCREASE/DECREASE IN CASH 0 0 0 0 0 0 0

    FINANCING (increase in equity) 0 0 0 0 0 0 0

    CASH AT END OF MONTH/YEAR 0 0 0 0 0 0 0

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    Page 3

    SAMPLE CO. LTD

    Profit & loss statement

    10-Mar-13 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Mo

    5:49 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Au

    Sales

    Product/service 1 0 0 0 0 0 0 0

    Product/service 2 0 0 0 0 0 0 0

    Product/service 3 0 0 0 0 0 0 0

    Product/service 4 0 0 0 0 0 0 0

    Total sales 0 0 0 0 0 0 0

    Expenditure

    Costs of performance

    Direct production costs (wages) 0 0 0 0 0 0 0

    Material costs 0 0 0 0 0 0 0

    Returns 0 0 0 0 0 0 0

    Indirect production costs (overhead) 0 0 0 0 0 0 0

    Total costs of performance 0 0 0 0 0 0 0

    Gross profit 0 0 0 0 0 0 0

    In % of sales 0% 0% 0% 0% 0% 0% 0%

    Operating costs

    Development/Engineering

    No. of personnel units 0 0 0 0 0 0 0

    Wages 0 0 0 0 0 0 0

    Bonuses 0 0 0 0 0 0 0

    Social and other personnel costs 0 0 0 0 0 0 0

    Consultancy As required 0 0 0 0 0 0 0

    Office material 0 /person 0 0 0 0 0 0 0

    Travel and refreshment 0 /person 0 0 0 0 0 0 0

    Communication 0 /person 0 0 0 0 0 0 0

    Depreciation 0 0 0 0 0 0 0

    Total Development/Engineering 0 0 0 0 0 0 0

    In % of sales 0% 0% 0% 0% 0% 0% 0%

    Marketing & Sales

    No. of personnel units 0 0 0 0 0 0 0

    Wages 0 0 0 0 0 0 0

    Commissions, bonuses 0% of sales 0 0 0 0 0 0 0

    Social and other personnel costs 0 0 0 0 0 0 0

    Office material 0 /person 0 0 0 0 0 0 0

    Travel and refreshment 0 /person 0 0 0 0 0 0 0

    Communication 0 /person 0 0 0 0 0 0 0

    Depreciation 0 0 0 0 0 0 0

    Total Marketing & Sales 0 0 0 0 0 0 0

    In % of sales 0% 0% 0% 0% 0% 0% 0%

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    Page 4

    SAMPLE CO. LTD

    Profit & loss statement

    10-Mar-13 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Mo

    5:49 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Au

    Publicity

    Publicity 0.0% of sales 0 0 0 0 0 0 0

    Exhibitions 0.0% of sales 0 0 0 0 0 0 0

    Other 0.0% of sales 0 0 0 0 0 0 0

    Total publicity 0 0 0 0 0 0 0

    In % of sales 0% 0% 0% 0% 0% 0% 0%

    Administration No. of personnel units 0 0 0 0 0 0 0

    Wages 0 0 0 0 0 0 0

    Bonuses 0 0 0 0 0 0 0

    Social and other personnel costs 0 0 0 0 0 0 0

    Office material 0 /person 0 0