Futurpreneur Cash Flow Template en FINAL 122014 v1.1

Cash-flow Guidelines
Welcome to the Futurpreneur Canada 24-month cash-flow planning tool. This tool will help yo
businesses sales and expenses assumptions over the next two years.
Figures you input are based on your experience, research and business activity estimates.
On each sheet you will find navigation buttons on the left and Tips and Instructions
The cash-flow template is divided into several parts to simplify the cash-flow creation. You ca
you adjust your plan, but it is best to start working in order from start-up, to year one then ye
sheets are protected so you can only add information into the green cells. Yellow cells show d
If you have already incurred business expenses add these to the Past Purchase form. If you h
the past purchases step.
STEP 1 - COMPLETE THE START-UP tab. This is where you input the month you expect your F
owners' contribution, loan amounts and start-up costs. Additional instructions and tips are fo
spreadsheet.
STEP 2 - COMPLETE THE YEAR 1 CASH-FLOW tab. This is where you input your first year' sal
include your past sales on this template. There additional instructions on the right side of the
STEP 3 - COMPLETE THE YEAR 2 CASH-FLOW tab. Continue with your sales and expense pro
If you have prepared this cash-flow using the Futurpreneur Canada online business
items you will want to review and edit as you finalize your cash-flow.
When using the Interactive business plan writer, Start-up - Inventory / Stock / Products cos
single cost and not separated by inventory type or product price ranges. You may need t
type or price ranges to better demonstrate your initial Inventory / Stock / Products costs. W
categories to 3 - 4 at a maximum.
Sales Assumptions, Cash Sales and Inventory Costs on the Year One & Two Cash-Flows wil
items, costing or services. You may need to separate the prices shown in the cash-flow by
types, price ranges or service categories. This will show your sales and expenses assump
start by organizing the Sales Assumptions first and do not use more than 3 or 4 different c
and year two.
Resources:
See the Glossary - Business Terms and Definitions for basic descriptions of terms and concept
Futurpreneur Financing guidelines and loan details can be found on the Financing Guidelines
website.
The Projected Income Statement is filled in automatically when you complete the year 1 and
will give you insight into the overall progress of the business.
Visit our resource website for assistance with financial planning at http://www.futurpreneur.ca
financial-planning/
Past Purchases - Items already bought for the business

Item
Cost
Item 1
Item 2
Item 3
Total Cost
Start-up Costs
First Month of Futurpreneur Loan
04/14 is April 2014
i.e.
Funding Sources
Amount
Start-up Item
My business will have at least 50% business ownership by an applicant(s) over 35 years of age.
Owner Will
Contribute
Futurpreneur
Loan Funding
BDC Loan
Funding
Other
Funding 1
Other
Funding 2
$0
$0
$0
$0
$0
Futurpreneur
Loan Funding
BDC Loan
Funding
Other
Funding 1
Other
Funding 2
Cost of Item
Owner Will
Contribute
Lease - Leasehold Improvements

First and last month rent (aka deposit)
Building improvement costs
Legal fees to review documents
Arch drawings
General Start-up Costs
Business Insurance (paid monthly)
Business License - Incorp
Equipment & Fixtures
Office Furniture (desk, filing cabinet)
Computer, printer, fax machine
Accounting System - POS system
Accounting Consultation to set up books
Legal fees to review contracts
Website
START-UP COST SUBTOTALS

Inventory / Stock / Products (ONLY)
retail price range [0 -$100] or service #1
retail price range [$100 -$200] or service #2
retail price range [over $300] or service #4
INVENTORY / STOCK SUBTOTALS
TOTAL START-UP COSTS
$0
$0
$0
$0
$0
$0
START-UP & INVENTORY SUBTOTALS
$0
$0
$0
$0
$0
$0
Available Cash in the Bank

Working Capital
$0
$0
$0
$0
$0
$0
TOTALS
$0
$0
$0
$0
$0
$0
Percentage Contributions
NA
NA
NA
NA
NA
NA
Cash Flow Forecast - Year 1

Month
Sales Assumptions
Cash from Sales
Total Cash Sales
Funding Sources
Owner Will Contribute
Futurpreneur Loan Funding
BDC Loan Funding
Other Funding 1
Other Funding 2
Business Bank Account (Existing businesses only)
Total Other Cash Inflow
(A) TOTAL CASH INFLOW
Cash Outflow
Inventory Costs
(B) TOTAL INVENTORY COSTS
General Expenses
1st Owner's draw/salary
2nd Owner's draw/salary, if necessary
Employee/contractor wages
Legal fees
Accounting services
Advertising and promotion
Commercial Rent
Property taxes/TMI
Utilities
Business Insurance
Bank Charges
Office supplies & postage
Telephone & Internet
Alarm System
Subscriptions & Memberships
Training
credit card transaction fee (2%)
10
11
12
Total
0
0
0
0
Avg $ of Sale
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$0
$0
$0
$0
$0
0
-
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
0
0
0
-
0
-
0
-
0
-
0
-
0
-
0
-
0
-
0
-
0
-
% of sales cost
0%
0%
0%
0%
2%
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
(C) TOTAL GENERAL EXPENSES

Other disbursements
TOTAL Start-up Costs
Futurpreneur Loan Funding - Interest Payment + $15 monthly fee
Futurpreneur Loan Funding - Principal Payment
BDC Loan Funding - Interest Payment
BDC Loan Funding - Principle Payment
Other Funding 1 - Interest + Principal Payment
(D) TOTAL OTHER DISBURSEMENTS

(E) TOTAL CASH OUTFLOW (B+C+D)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
(F) NET CASH-FLOW (A-E)
$0
(G) CASH FROM PREVIOUS PERIOD
$0
(H) CUMULATIVE CASH-FLOW (F+G)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Cash Flow Forecast - Year 2

Month
Sales Assumptions
Cash from Sales
Total Cash Sales
Owner's Investment
13
14
15
16
17
18
19
20
21
22
23
24
Total
0
0
0
0
Avg $
$ $ $ $ -
Total Other Cash Inflow

(A) TOTAL CASH INFLOW
Cash Outflow
Inventory Costs
(B) TOTAL INVENTORY COSTS
General Expenses
1st Owner's draw/salary
2nd Owner's draw/salary, if necessary
Legal fees
Accounting services
Commercial Rent
Property taxes/TMI
Utilities
Business Insurance
Bank Charges
Alarm System
Training
$
$
$
$
$
$
$
$
0
0
% of sales cost
0% $
0% $
0% $
0% $
2%
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
0
0
$
$
$
$
$
$
$
$
$0
$0
$0
$0
$0
$0
0
0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
(C) TOTAL GENERAL EXPENSES

Other disbursements
Start-up Costs
Futurpreneur Loan Funding - Interest Payment + $15 monthly fee
Futurpreneur Loan Funding - Principal Payment
BDC Loan Funding - Interest Payment
BDC Loan Funding - Principal Payment
(D) TOTAL OTHER DISBURSEMENTS

(E) TOTAL CASH OUTFLOW (B+C+D)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$0
$0
$0
$0
$0
$0
$0
$0
0
0
(F) NET CASH-FLOW (A-E)
$0
(G) CASH FROM PREVIOUS PERIOD
$0
(H) CUMULATIVE CASH-FLOW (F+G)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Projected Income Statement

Year 1
Revenues
Sales
(A) Total Sales
Inventory Costs
Opening Inventory / Stock / Product (from startup)
(B) Total Cost of Inventory
(C) GROSS MARGIN (A-B)
Expenses
General Expenses
Owner's Draws/salaries
Legal fees
Accounting services
Commercial Rent
Property taxes/TMI
Utilities
Business Insurance
Bank Charges
Alarm System
Training
Year 2
0
0
0
0
$0
0
0
0
0
$0
0
0
0
0
0
$0
$0
0
0
0
0
$0
$0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
$0
(E) TOTAL OTHER EXPENSES

(F) TOTAL EXPENSES (D+E)
0
0
0
0
0
0
$0
$0
0
0
0
0
0
0
$0
$0
NET PROFIT BEFORE TAX (C-F)

Income Tax (estimated at 25%)
NET PROFIT AFTER TAX
$0
$0
$0
$0
$0
$0
(D) TOTAL GENERAL EXPENSES

Other Disbursements
Start up Costs
Futurpreneur Loan Funding
BDC Loan Funding
Other Funding 1
Other Funding 2
-
Glossary - Business Terms and Definitions

These are working definitions intended to help you complete this cash-flow
Owners
Investment
Owners
Draw/Salary
Past Purchases
or Historic Costs
Fixed Assets
Money which the business owner invests into the business. Typically these
funds come from a variety of sources including, the owners personal
savings and money gifted from family members. Personal loans and Lines
of Credit do not apply because the money is owed to someone else.
Money the owner plans to withdraw from the business to cover their
personal expenses. It's important that the owner takes into account what
will be required each month to pay for personal expenses like: debt
payments, housing costs and general living expenses. We also consider the
contributions of spouses and part-time or other income.
Items or services already bought to start the business. These costs are
listed separately from the start-up costs on the Futurpreneur cash-flow
template.
Items and property that cannot immediately be converted into cash.
Examples: buildings, furniture, equipment, machines and vehicles.
Regular expenses that have to be paid regardless of how busy or active the
business is. Items like regular salaries, rent, insurance are all examples of
fixed costs.
Many personal insurances policies offer limited or no protection for the
businesses property or activities. Business insurance provides protection
Business
specific to the business property, activities and sometimes staff. Some
Insurance
businesses require other types of insurance too. Contact an insurance
professional about what type and amount of insurance will be beneficial for
your business.
As a borrower, an interest payment represents a fee you are charged for
being lent money. The fee rate and payment schedule are determined at
Interest Payment the time the money is lent and often described as an annual term rate.
Paying only this does not reduce the amount of money you owe your
lender.
A payment that reduces the amount of money you owe your lender. This is
Principal
different than an interest payment because it reduces the amount of money
Payment
you now owe.
Fixed Costs
Start-Up
Variable Costs
Working Capital
Expenses
Cumulative Cash
A business or venture in the earliest stages of set-up or operations.

Expenses which are not consistently the same each month. Fuel used by a
courier company changes depending on the monthly activity and could be
considered a variable cost.
Funding available in the business bank account once all start-up expenses
have been paid.
Costs you incur while running the business over a fixed period of time. In
the cash-flow, you'll consider expenses incurred on a monthly basis.
After you have paid all of your expected expenses and received all of your
expected income in a given period of time, the money left over is your
cumulative cash. Think of this as money left in your business bank account
at the end of each month. The cumulative cash-flow on your Futurpreneur
monthly cash-flow can never be negative. That would mean you have
spent more money than you plan on having available at the end of the
month.
Glossary - Business Terms and Definitions - Page 8
Cumulative Cash
Cash-Flow
Projection
Capital
Assets
After you have paid all of your expected expenses and received all of your
expected income in a given period of time, the money left over is your
cumulative cash. Think of this as money left in your business bank account
at the end of each month. The cumulative cash-flow on your Futurpreneur
monthly cash-flow can never be negative. That would mean you have
spent more money than you plan on having available at the end of the
month.
A table that lists all of your expected costs and all of your expected income
over a period of time. We request a 24-month cash-flow when applying to
our Start-up Program. The first month shown should be the month the loan
is put in your bank account.
Money you have available to make purchases to start and maintain your
business.
Objects or items that can be converted (sold) into cash.
Glossary - Business Terms and Definitions - Page 9
Financing Guidelines
Futurpreneur Canada and our partner, the Business Development Bank of Canada
(BDC) are proud to support Canadas young entrepreneurs with financing to launch
your business.
The most current financial details can be found at:
http://www.futurpreneur.ca/en/programs/start-up/financing/
Financing Eligibility and Amounts

A new business or one that is in full-time operation for less than one year is eligible to
apply for up to $45,000 of funding with a 5 year loan amortization under our standard
program.
See our web site for additional eligibility criteria and for information about other
http://www.futurpreneur.ca/en/programs/
programs we offer:
Financing and Repayment Terms

For businesses with applicant(s) between 18 34 years old who
hold more than 50% business ownership
May be eligible for up to $15,000 in funding from Futurpreneur Canada and up to
$30,000 in funding from BDC.
Once you are approved for Futurpreneur Canada funding, you may also be eligible to
receive additional financing up to twice the initial Futurpreneur Canada loan offer
for increased financial support. This opportunity is made possible through
Futurpreneur Canada's partnership with the Business Development Bank of Canada
(BDC), and is only available through Futurpreneur Canada at the time of your
Futurpreneur Canada application. Please see BDC Funding Loan Terms below for
further detail.
For businesses with applicant(s) between 35 39 years old who

hold at least 50% business ownership
May be eligible for up to $45,000 from the BDC. This offer is available only through
Futurpreneur Canada. Please see BDC Funding Loan Terms below for further detail.
Our Loans Feature

Interest-only payments for the first year.
Interest payments made monthly after the initial disbursement.
Principal repayments made in equal monthly instalments together with interest, over
the remaining four years.
Free business mentorship for the first two years.
Futurpreneur Canada - Financing Guidelines 10
Futurpreneur Canada Funding Loan Terms

No penalty for early re-payment and additional payments of Futurpreneur Canada
funds.
A $15 administration fee is charged monthly by Futurpreneur Canada for the duration
of your loan, and this fee is added to your monthly repayment instalment.
Futurpreneur Canada charges an initial set-up fee of $50, payable by cheque.
For all years, interest is charged at CIBCs prime rate* + 3 %
*Visit the CIBCs website for the current prime rate.
BDC Funding Loan Terms

Applicant(s) must show a minimum personal investment of 10% of all borrowed
funds.
Once approved, the BDC will issue an email outlining additional terms and conditions.
The client may prepay all or any part of the outstanding principal, however, the BDC
must receive the interest owing to the time of re-payment, together with an
indemnity equal to three months interest on the principal amount prepaid.
Once a year (non-cumulative) on the anniversary date of the loan authorization date,
the client may repay 15 % of the principal outstanding without indemnity.
The BDC charges a $50 processing fee, which is deducted from the initial loan
disbursement. No other service fees are charged.
For all years, interest is charged at BDC Floating Base Rate* + 5 %
*Please contact your local BDC office for the BDC Floating Base Rate.
Futurpreneur Canada - Financing Guidelines 11
Your feedback is important to us at Futurpreneur Canada as

it helps us create the tools you really need.
Please take a moment to complete our survey by clicking on this link:
https://cybf.wufoo.com/forms/cash-flow-template-feedback/
Wishing you the best success with your venture.
The Futurpreneur Canada Team

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Cash-flow Guidelines

Past Purchases - Items already bought for the business

Lease - Leasehold Improvements

START-UP COST SUBTOTALS

START-UP & INVENTORY SUBTOTALS

Available Cash in the Bank

Cash Flow Forecast - Year 1

(C) TOTAL GENERAL EXPENSES

(D) TOTAL OTHER DISBURSEMENTS

(F) NET CASH-FLOW (A-E)

(G) CASH FROM PREVIOUS PERIOD

(H) CUMULATIVE CASH-FLOW (F+G)

Cash Flow Forecast - Year 2

Total Other Cash Inflow

(C) TOTAL GENERAL EXPENSES

(D) TOTAL OTHER DISBURSEMENTS

(F) NET CASH-FLOW (A-E)

(G) CASH FROM PREVIOUS PERIOD

(H) CUMULATIVE CASH-FLOW (F+G)

Projected Income Statement

(E) TOTAL OTHER EXPENSES

NET PROFIT BEFORE TAX (C-F)

(D) TOTAL GENERAL EXPENSES

Glossary - Business Terms and Definitions

A business or venture in the earliest stages of set-up or operations.

Glossary - Business Terms and Definitions - Page 9

Financing Eligibility and Amounts

Financing and Repayment Terms

For businesses with applicant(s) between 35 39 years old who

Our Loans Feature

Futurpreneur Canada - Financing Guidelines 10

Futurpreneur Canada Funding Loan Terms

BDC Funding Loan Terms

Futurpreneur Canada - Financing Guidelines 11

Your feedback is important to us at Futurpreneur Canada as

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