Even if you are 100% convinced of your business idea, you should check the economic attractiveness of your idea. Instead of making a complete, time-consuming financial planning, you can carry out the financial planning Quick check in a first step.
Within three steps you can with our free tool to find out for the quick check of financial planning within a very short time whether your business idea is worthwhile and how much capital you need to start your business.
Three steps to financial plan short-Check
Especially at the beginning of a planned start-up euphoria usually, predominates. It is therefore important to consider your business idea before starting the actual business activities through its paces is.
A key element here is the profitability of your project - your business idea has to turn a profit in the longer term and should secure the living. You also need to clarify how high your capital needs in order to realize the business start-up.
To check the economic success and to determine the capital needs, you can either create a complete financial planning or use the quick check of financial planning. For both versions of financial planning, we provide a free tool available. The advantage of the financial planning brief check of tools that you may find in a short time whether your business idea is worth and how much capital is required to start your business. However, for your business plan and thus also for other interested parties (eg banks and/or investors) you should have a detailed financial plan to create.
For a quick check of financial planning, you can use our Equity tips. In three steps away so within a short time to a short-Check for financial planning.
Start with the start-up costs and investments
Start the financial plan with the expenses incurred directly in the foundation. You can differentiate between incorporation and seed investments.
Formation expenses are directly in the first year in the profit and loss account (P & L) excluded from the costs, whereas seed investments are amortized over several years in some cases.
2. An important part of financial planning: Plan P & L
The planned profit and loss statement (P & L) over the next 12 months will follow on spending in the foundation. Convert more conservative in revenue and try on the other side, a buffer to be included in the cost. Many entrepreneurs are optimistic about sales in financial planning, but costs are often underestimated.
The resulting plan income statement tells you how profitable is your business idea in the first 12 months and how much of the additional capital requirement fails due to operating activities. Financial planning in the short-Check will also reveal as to when you make a profit and that you have expected too optimistic.
3. Capital Requirements And Financing
The capital requirement is calculated automatically in the quick check of financial planning. In addition, the quick check of financial planning on a financing gap down and count the profitability. You must then set final to decide how you want to meet the capital requirements. In the area of funding can be found for this assistance.
