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Business Plan of
Contents
01. 02. 03. 04. 05. 06. 07. 08. 09. 10. Executive summary / Product idea / Service concept Sales forecast / Marketing-mix Production and Logistics / Investments Human resources / Property rental / Other penditures Financial Planning Debt Service Calculation Profit and Loss Account Plan Budgeted Balance Sheet Company Value Founding Team - Personal Data and Qualifications
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Business strategy
Target group
Competitive environment
In
74,250
84,150
88,110
103,950
108,900
133,650
No. of employees
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In
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Required venture capital In 25,000 Company value at start-up thereof Founders Investors % breakdown 60% 40% equivalent 20,000 13,333 11,667 20,000 25,000
SUM 45,000
750
850 13.33%
890 4.71%
1,050 17.98%
1,100 4.76%
1,350 22.73%
20.0% 150
20.0% 170
20.0% 178
20.0% 210
20.0% 220
20.0% 270
495
495
495
495
495
84,150
88,110
103,950
108,900
133,650
Expected incoming customer payments in current period (payment ratio, receiveables) as % of sales turnover 80%
in
10,000 13.5%
9,000 10.7%
9,000 10.2%
9,000 8.7%
9,000 8.3%
9,000 6.7%
Product
Price
Place (Distribution)
Location-Option A Location-Option B Location-Option C
Promotion
Surfboards expected sales in units Stock of finished products Stock of surfboards Storage costs per board Total storage costs
Required inputs / variable production overhead are (in units) 1 - Fibre 160 180 180 2 - Hard foam 160 180 180 Variable production overhead 160 180 180 Estimated purchase prices (in per unit)
period 1 2 3 4
60 15 20
60 15 20
60 15 20
60 15 20
60 15 20
60 15 20
=> resulting in: Outgoing payments for inputs and variable production overhead in 1 - Fibre 9,600 10,800 10,800 13,200 2 - Hard foam 2,400 2,700 2,700 3,300 Variable production overhead 3,200 3,600 3,600 4,400 Total 15,200 17,100 17,100 20,900 Production capacity planning: Required capacity per period... 160 180 180 Required capacity (*) Capacity of prod.lines (**) 180 180 180 Productivity per employee 80.00 80.00 80.00 No. of employees 2.00 2.25 2.25
(*) based on production planning (**) based on No. of production lines
Investments at start-up: Price per Production Line (PL) (in ) Capacity of prod.line (pieces/period) Purchase of Office Equipment (OE) (in ) Planned investments
period 1
Number of new PL Purchase of new PL Depreciation PL Depreciation OE RBV production lines RBV office equipment
Total No. of employees Purchas. / Admin. Sales Production Temporay worker Future personnel planning
period
#VALUE! 0,5 1 2
2,000 2000
#VALUE! 0,5 1 2
2.00
#VALUE! 0,5 1 2
2.25
4.0 #VALUE!
1.0 #VALUE!
5.0 #VALUE!
2.0 #VALUE!
2.5 #VALUE!
3.0 #VALUE!
Salaries Non-wage labor costs 21% Hire / Lay-off Total in Expected rental costs
period
7,400
7,400
7,400
7,400
7,400
7,400
R&D expenses Costs for temporary workers Maintenance costs f. product. line Other fixed costs f. product. line Storage costs Administration costs fixed Administration costs variable: in % of turnover in EUR Total in
Additional Expenditure for Start-up and Expansion (ESE) Start-up costs 1,000
in period 0 (can be depriciated over 10 periods)
(Registration commercial register, company agreement, management consultant, market studies, hiring costs, etc.) period 1 2 3 4 5 6
45%
45%
45%
45%
45%
45%
5. Financial Planning
Equity capital of company founders
period
20,000
Start up 1 2 3 4 5 6
Opening cash balance Cash inflows Inflows from current period Inflows from previous period Inflows of venture capital
Subscribed capital Capital reserve
20,000
51,500 59,400
25,000
13,333 11,667
20,000
20,000 20,000 20,000 20,000 20,000 20,000 20,000
Cash outflows Purch. Input&vari. produ. overhead Personnel expenses Other expenses Rental expenses Marketing expenses Additional expenses Repayment of Loan Interest expenses Purchase of production lines Purchase of office equipment Purchase of securities Taxes Closing cash balance Expected average interest rates (per term) Loans Subsidised loans Securities
15,200 #VALUE! 7,400 10,000 17,843 800 7,500 5,000 #VALUE! #VALUE!
1,000
51,500
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period
start-up
Loan borrowing / repayment Interest charge Total liabilities Debt-ratio Return on assets Return on equity
20,000 20,000 30.8% 800 20,000 #VALUE! #VALUE! #VALUE! 800 20,000 #VALUE! #VALUE! #VALUE! 800 20,000 #VALUE! #VALUE! #VALUE! 800 20,000 #VALUE! #VALUE! #VALUE! 800 20,000 #VALUE! #VALUE! #VALUE! 800 20,000 #VALUE! #VALUE! #VALUE!
Negotiations with the corporate client executive of your commercial bank: In order to secure the required loans from the bank, sufficient collateral has to be in place. Explain below which kind of collateral will provide the bank with the necessary security. (e.g. by outstanding trade receiveables)
period
Net sales turnover +/- Changes in stock - Inputs/variable production overhead - Personnel expenses Wages and salaries Non-wage personnel costs Hiring / Lay-offs - Depreciation ESE - Depreciation - Other expenses
Rent Marketing Additional expenses
= Operating profit + Earnings from securities - Interest expenses = Result from regular business activity - Taxes = Net profit / loss for period Expected tax rate Changes in inventory (per unit in )
Period
Input/Parts + Variable production overhead = Direct material costs( I ) Direct production costs (*) + Indirect production costs (**) = Production costs ( II ) = C. of goods manufa. (I+II)
(*) Wages /salaries + non-wage personnel costs (**) See above !
(**) Estimation of the Indirect production costs (total) 50% Rent and depreciation office equipment 100% Depreciation production lines Other production costs
5,700
5,700
5,700
7,450
7,450
7,450
period
start-up
ASSETS Start-up Expenditure (ESE) FIXED ASSETS Tangible Assets Machinery Office equipment CURRENT ASSETS Stock Raw Material Finished products Trade receivables Securities Cash TOTAL BALANCE
1,000
900
800
700
600
500
400
7,500 5,000
6,750 4,500
6,000 4,000
5,250 3,500
11,250 3,000
9,750 2,500
8,250 2,000
LIABILITIES & SHAREHOLDERS' EQUITY EQUITY 45,000 Subscribed capital 33,333 Capital reserve 11,667 Retained earnings Profit / Loss carried forward Net profit / loss for period LIABILITIES Bank liabilities 20,000 TOTAL BALANCE 65,000
9. Company Value
Break-down of founder / investor equity at start-up Subscribed capital % Breakdown Founders 20,000 60% Investors Total sum of placed equity capital: 25,000 13,333 <= 40%
Industry-specific Experience