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Financial Planning
Created 11 years ago in Funding / Finance

“If you fail to plan, you are planning to fail!” ― Benjamin Franklin
Don't fall in to the trap of running out of cash. Cash flow planning for any organization is critical. Understanding the timing, size and risk associated with incoming and outgoing cash flows can help you anticipate short falls in cash and help you identify your future working capital funding requirements. Understanding the cash cycle and how transactions flow through your financial statements (balance sheet, income statement, and cash flow statement) will help you build a solid plan.
Avoid optimism bias and use a third party to (1) Assess the business environment, (2) Confirm the business vision and objectives, (3) Identify the types of resources needed to achieve these objectives, (4) Quantify the amount of resource (labor, equipment, materials), (5) Calculate the total cost of each type of resource, (6) Summarize the costs to create a budget, (6) Identify any risks and issues with the budget set (7) Formalize a financial model that fits your business.
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David McQuiggan
Los Angeles, California
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Transformational leader who develops and executes winning business strategies based on customer valued-innovation and focuses on operational efficiency for VC/PE funded technology companies and NYSE/LSE listed public Technology/manufacturing/distribution companies. Career has progressed from product development engineer to CxO and board level. Background includes senior level management and CEO experience with both private and public companies. David has managed operations in Asia, Europe and the US including responsibility for a 600-employee flat-panel LCD module manufacturing plant in China and a UK public company focused on the embedded computing, real-time passenger information display and digital signage markets. He has been a board member for a number of companies in the US, UK, Japan and Taiwan and brings experience in Global P&L management, corporate development, strategic planning, operations, marketing, sales, and product development. MBA from Yale University and a BSc. in electrical and electronic engineering from the University of Bath in England.
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