At this GoSolo presentation we went through the difference between profit and cash flow and ran through how to develop a budget/forecast for your startup.

1. looking behind the numbers

2. agenda introduction to tandem and the team what are financial statements? p&l vs. cashflow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

3. “ tandem strives to nurture innovation, entrepreneurship and SMEs through quality, strategic services” about us startups small business medium business financial consulting startup services business intelligence investment services

5. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

7. starting up a business

9. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

10. why is a p&l different from a cash flow statement? P&L The P&L is a company’s financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). Cash Flow The cash flow statement is concerned with the flow of cash in and cash out of the business. The statement captures both the current operating results and the accompanying changes in the Balance Sheet. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills.

11. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

12. budgeting for your business Capital Expenditure (CAPEX) When a business spends money buying a fixed asset (non-consumable) which will produce future benefit. Operating Expenses (OPEX) When a business spends money on running costs, consumables and day-to-day expenses. Laptop purchased for employee use? Rent for business premises? Office furniture for employee use? Salaries? Laptops for resale? Total investment required in your startup = CAPEX + OPEX for 6 months EXAMPLE

13. your p&l Sales, Revenue, “Top Line” = Price per unit x projected units Cost of Sales, “COGS” = Cost per unit x projected units Operating Expenses “OPEX” Salaries (Basic, Commission, Bonus) Ancillary (Visas, Gratuity, Insurance, Airfare, Housing) Rent Professional Services (Marketing, PR, Legal) Utilities Web Hosting Maintenance Insurance Fuel Salik Licensing Depreciation Operating Profit, “Bottom Line”

14. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

16. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops

17. wadih haddad

18. agenda introduction to tandem and the team what are financials? p&l vs. cash flow? budgeting for your business importance of bookkeeping in a startup q & a session with entrepreneur upcoming GoSolo workshops