Power of Financial Planning

1
Power of Financial Planning
2
(No Transcript)
3

• Many entrepreneurs, especially those who do not
  have problems with sales and business income, do
  not properly plan their funds. Family means -
  even more so.
•  
• Working conscientiously and for the good of the
  company, these worthy people, as we now
  understand, from the point of view of financial
  discipline, were notorious scumbags. They did not
  set themselves high salaries and bonuses, being
  content with a moderate (for their level) salary
  - which is so terrible, it would seem. The
  terrible thing is that, by necessity, they
  climbed into the circulation, extracting really
  substantial sums from there.
•  
• Now, even after a long time has passed, the idea
  of these moments terrifies me. How can you plan
  the activities of a company if the treasury can
  be raided at any moment that cannot be resisted?
  An accountant and would be glad to save money,
  but how can you resist. Anyway.

4
(No Transcript)
5

• The essence of financial planning
• If everything is more or less clear with
  planning we plan our actions based on the
  available funds. The rest should be mentioned
  separately.
•  
• Financial planning is a decomposition of the
  amount on the account (accounts) of the company
  by funds.
•  
• Classic fund scheme Company maintenance
  (salary, rent, communications), Supply (raw
  materials for production and goods for trade),
  Promotion, Reserve, Owner, Taxes.  

6
(No Transcript)
7

• The proceeds received in the financial planning
  account are allocated to these funds at the
  established interest rate. It makes no sense to
  strictly regulate the interest rate. However,
  there are several guidelines. The actual choice
  of percentage is dictated by the companys
  movement strategy and the environment.
•  
• The supply cannot be less than the cost of the
  product in terms of raw materials and materials.
  Better with an excess (including marriage), by 3
  -5. It is not recommended to spend less than
  8 of the proceeds on Promotion. It is not
  recommended to spend less than 3 of the proceeds
  to the reserve. Especially when the formation of
  this fund is just beginning. The enterprise
  should always have money to re-close urgently,
  should something happen. It is recommended to
  send 10 of the companys Income to the Owner.
  Pay attention - from Income. Until the company
  has received the Income, no transfers are made to
  the Owner. It is recommended to send for the
  maintenance of the company exactly as much (from
  income or proceeds) as the maintenance of the
  company costs, no more. If sales are higher than
  expected, fat will start to accumulate in this
  fund.

8
(No Transcript)
9

• How much to send for taxes, everyone decides for
  himself according to the situation.
• When the Owner, having gained patience, busting
  all his desires to send everything to the forest
  and leave the work with finances by selling
  financial instruments, as it was, begins to
  conduct a financial plan, a fantastic thing will
  happen. Money will cease to be spent on small
  things. Why? Because according to financial
  planning and by selling financial instruments,
  money is spent only on one day per week.
  Excluding procurement costs.

10
(No Transcript)
11

• That is, having accumulated accounts in a week,
  distributing what has been received among the
  funds, the person who manages the finances by
  selling financial instruments acquires the scope
  of spending. He has a bunch of bills to pay. Here
  are the funds. Since the funds contain money for
  clearly defined items of expenditure, the one who
  manages the finances understands how much he can
  spend on each item. And he doesnt spend more.
• The total amount of money in the account can be
  more than enough for all accounts to be paid.
  But, if you distribute by funds, the funds may
  not be enough. If last week there was a big
  expense for some fund, for example. In this case,
  those invoices are selected, the payment of which
  is most important. The rest are postponed for the
  next week or agree on preferential payment terms.

12
(No Transcript)