Balanced finance of entrepreneurs

Balanced finance of entrepreneurs

Jan WietsmaMKB-kredietcoach

Financing

Current credit services are primarily based on ratings

The fellow

The five most important questions about the fellow

• Do I have a clear definition of my entrepreneurial qualities?

• Do I explain on which points I need support from third parties?

• Do I explain the goals I want to reach as an entrepreneur?

• Does my spouse support me in my entrepreneurship?

• Did I clarify why I want to be an entrepreneur?

What is the importance of the fellow?

• In small businesses the role of the fellow as a person takes has big importance :– 40% of all bankrupt entrepreneurs are caused by a lack of

self-knowledge

The fellow, what it’s about

• Attention for the personal entrepreneurial skill in a social economic context.

CreditIndicator (a method)

• A personal SWOT-analyses: the strengths, weaknesses, opportunities and threats to entrepreneurship.

• Scientifically based and validated by practice

Construction in fases

• Part 0: What is the entrepreneur aiming to achieve?• Part 1: What is the return of the personal entrepreneurial

investment?• Part 2: Who is the entrepreneur?• Part 3: What is the personal SWOT-analyses of the

entrepreneur?

What is the entrepreneur aiming to achieve?

Casher

Socializer

Constructor

Innovator

Characteristics of entrepreneurs in good and bad times.

Casher

In good times• Will-power• Purposeful• Demanding• Determent• Performance-orientated

In bad times• Aggressive• Controlling• Whining• Dominance• Intolerance

Innovator

In good times• Dynamic• Enthusiastic• Convincing• Optimistic• Expressive

In bad times• Excited• Chaotic• Indiscrete• Show off• Hasty

Constructor

In good times• Voorzichtig• Nauwkeurig• Analytisch• Gedetailleerd• Objectief

In bad times• Pietluttig• Besluiteloos• Argwanend• Koud• Afstandelijk

Socializer

In good times• Careful• Relation orientated• Harmonious• Relax• Convivial

In bad times• Passive• Slow• Waiting• Dependent• Rigid

What is the return of the personal entrepreneurial investment?

Who is the entrepreneur? (1)

• Intrinsic

Who is the entrepreneur? (2)

• Which entrepreneurial skill do I posses?

Who is the entrepreneur? (3)

What is the personal SWOT?

What is the personal SWOT?

The firm

The five most important questions about the firm

• I have substantiated why my product or service is promising

• I know who my competitors are• I know how I am going to sell my product or

service• I know who my first (potential) customers will

be.• I have added an substantiated revenue budget

The funds

The five most important question about the funds.

• I have added a budget for the upcoming three years

• I don’t underestimate my cost.• I have a monthly cash flow statement for

upcoming year• I have told the bank which insuring I can deliver.• I have stated how much credit I need from the

bank

Thank you

• More info:janwietsma@mkbkredietcoach.nl