1. Norwegian School of Entrepreneurship Master of Science Program in Innovation and Entrepreneurship ENT 4000 Group work session 5 – 07/10-08

2. ENT 4000 - Group Work Session 5 Homework Financial plan and required investments Presentation 21.10.08

3. ENT 4000 - Group Work Session 5 The Business Plan –Executive summary –Business idea –Management team –Marketing plan –Businessmodel og organization –Operational plan –Financial plan –Risk analysis

4. ENT 4000 - Group Work Session 5 Profitability / Financial plan Profitability / Financial plan: How much money do you need? Calculate your financial needs based on assumptions and estimations of your costs and revenues. 3-5 years ahead Monthly, quarterly or annually plan?

5. ENT 4000 - Group Work Session 5 Financial plan 1.Sales forecast Time frame Assumptions about sales per customer, number of customers, growth rate of sales Calculation of the sales forecast 2.Costs forecast Assumptions about the costs of doing business Calculations of the costs associated with the projected sales 3.Income and cash flow forecast Assumptions about the timing of cash receivables and payables Calculation of the income and cash flow associated with the projected sales and costs 4.Balance sheet Assumptions of the value of cash and assets Calculated based on the income and cash flows from step 3

6. ENT 4000 - Group Work Session 5 Financial plan Note: Templates for business plans and financial plans → www.bedin.nowww.bedin.no → www.innovasjonnorge.nowww.innovasjonnorge.no

7. ENT 4000 - Group Work Session 5 Financial plan and required investments For next gathering prepare a PPT presentation of the financial plan and required investments. - Send the presentation to: l.m.nass@sfe.uio.no - Before 21/10-08 (Monday before midnight) - Presentation should be maximum 10-15 minutes