Instructions

Past Purchases

Start-Up

Yr. 1 Cash-flow

Yr. 2 Cash-flow

Income Statement

Glossary

Financing Guidelines
Cash-flow Guidelines
Welcome to the Futurpreneur Canada 24-month cash-flow planning tool. This tool will help you plan and demonstr
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 on the right.
The cash-flow template is divided into several parts to simplify the cash-flow creation. You can revisit and adjust yo
to start working in order from start-up, to year one then year two cash-flow projections. The sheets are protected s
cells. Yellow cells show data you entered on a previous sheet.

If you have already incurred business expenses add these to the Past Purchase form. If you have not made any purc

STEP 1 - COMPLETE THE START-UP tab. This is where you input the month you expect your Futurpreneur loan will b
amounts and start-up costs. Additional instructions and tips are found on the right side of each spreadsheet.

STEP 2 - COMPLETE THE YEAR 1 CASH-FLOW tab. This is where you input your first year' sales and expense projectio
template. There additional instructions on the right side of the cash-flow.

STEP 3 - COMPLETE THE YEAR 2 CASH-FLOW tab. Continue with your sales and expense projections on the YEAR 2

If you have prepared this cash-flow using the Futurpreneur Canada online business plan writer, there are a few it
finalize your cash-flow.

When using the Interactive business plan writer, Start-up - Inventory / Stock / Products costs will be grouped to
inventory type or product price ranges. You may need to organize these costs by inventory type or price range
Stock / Products costs. We recommend you limit the categories to 3 - 4 at a maximum.

Sales Assumptions, Cash Sales and Inventory Costs on the Year One & Two Cash-Flows will not be broken down
may need to separate the prices shown in the cash-flow by organizing them into inventory types, price ranges o
and expenses assumptions more clearly. We suggest you start by organizing the Sales Assumptions first and do
for cash-flows on year one and year two.

Resources:
See the Glossary - Business Terms and Definitions for basic descriptions of terms and concepts.
Futurpreneur Financing guidelines and loan details can be found on the Financing Guidelines tab and the Futurpren
The Projected Income Statement is filled in automatically when you complete the year 1 and 2 cash-flows. The Inco
overall progress of the business.
Visit our resource website for assistance with financial planning at http://www.futurpreneur.ca/en/resources/opera
 INSTRUCTIONS and TIPS
Instructions Past Purchases - Items already bought for the business
Item Cost 1. LIST PURCHASES AND COSTS: Only
Item 1 $ - include business items you have
Past Purchases already bought for your business.
Item 2 $ -
TIP: Not all businesses will need to do
Start-Up Item 3 $ - this.
$ -
Items you will be buying to start the
business go on the Start-up Costs
$ - sheet.
Yr. 1 Cash-flow
$ -

Yr. 2 Cash-flow $ -

$ -

Income Statement $ -

$ -

Glossary $ -

$ -

Financing Guidelines $ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Total Cost $ -
 Start-up Costs
Instructions
First Month of Futurpreneur Loan
04/14 is April 2014 1
i.e.

2
Past Purchases

Funding Sources Owner Will Futurpreneur BDC Loan Other Other

Contribute Loan Funding Funding Funding 1 Funding 2
Start-Up
Amount $0 $0 $0 $0 $0

Yr. 1 Cash-flow

4 5
Yr. 2 Cash-flow
Owner Will Futurpreneur BDC Loan Other Other Balance INSTRUCTIONS and TIPS
Start-up Item Cost of Item
Contribute Loan Funding Funding Funding 1 Funding 2 Check
0
Income Statement Lease - Leasehold Improvements 1 START DATE: Input the month and year you expect to receive your Futurpreneur funding i.e. 06/14 or June 2014

3
First and last month rent (aka deposit) 0
Building improvement costs 0 2 LOAN AMOUNTS: Input the cash and loan funding you expect is needed to start the business.
Legal fees to review documents 0 Tip: Any start-up funding estimates or expense amounts can be changed later to avoid any deficits on the cash-flows.
Glossary Arch drawings 0
General Start-up Costs 3 START-UP ITEM: You can change the item names to suit your business needs. Don’t delete any rows or columns.
Business Insurance (paid monthly) 0
Business License - Incorp 0
Financing Guidelines 4 START-UP ITEM COSTS: Input the approximate cost of each item you will be buying at start-up. Hello
Equipment & Fixtures 0
Office Furniture (desk, filing cabinet) 0
Computer, printer, fax machine 0
5 START-UP ITEM PURCHASING: Input which funding source(s) will be used to pay for the start-up items you have listed.
Accounting System - POS system 0
Tip: The Balance Check column is there help you confirm that all listed start-up items will be paid from available cash and
Accounting Consultation to set up books 0 loans. When you are done assigning funding to your costs the Balance Check for each item will be 0.
Legal fees to review contracts 0
Website 0 NOTES:
0 Working capital and totals are calculated for you.
0 Start-up costs are carried over the year one cash-flow automatically.
0 You will need to provide proof of any Owner Contributed or other loans money (letters, bank statements etc.).
START-UP COST SUBTOTALS 0 0 0 0 0 0
Inventory / Stock / Products (ONLY)
retail price range [0 -$100] or service #1 0
retail price range [$100 -$200] or service #2 0
retail price range [$200 -$300] or service #3 0
retail price range [over $300] or service #4 0
INVENTORY / STOCK SUBTOTALS $0 $0 $0 $0 $0 $0
TOTAL START-UP COSTS

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 0%

`
 Instructions Cash Flow Forecast - Year 1
Month 1 2 3 4 5 6 7 8 9 10 11 12 Total
Sales Assumptions INSTRUCTIONS and TIPS
2
Past Purchases
1
retail price range [0 -$100] or service #1 0
retail price range [$100 -$200] or service #2 0 1. LIST SALES CATEGORIES: Edit sales categories to suit your business activities. Tip: Only include the categories
retail price range [$200 -$300] or service #3 0
retail price range [over $300] or service #4 0
you need and ignore the rest.
Start-Up
Cash from Sales Avg $ of Sale % of sales

3
retail price range [0 -$100] or service #1 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
retail price range [$100 -$200] or service #2 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
2. ESTIMATE MONTHLY SALES: Fill in the number of sales you expect to make each month for each category.
Yr. 1 Cash-flow
retail price range [$200 -$300] or service #3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0% Make sure this estimate aligns with your Sales Forecast and Financial Assumptions Sheet (in the business
retail price range [over $300] or service #4 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
Total Cash Sales $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 plan). Time of year, staff and stock available, and brand awareness all affect monthly sales levels.
Yr. 2 Cash-flow Funding Sources
Owner Will Contribute - $0
Futurpreneur Loan Funding - $0 3. LIST AVERAGE PRICE SALES CATEGORIES: List the average price for each sales category in row C. A sales total
BDC Loan Funding - $0 for each month will be automatically calculated.
Income Statement
Other Funding 1 - $0
Other Funding 2 - $0 TIP: By changing the number of items sold or the avg cost you can change the monthly sales.
Business Bank Account (Existing businesses only) $0
Glossary Total Other Cash Inflow 0 0 0 0 0 0 0 0 0 0 0 0 $0 Alternatively:
(A) TOTAL CASH INFLOW 0 - - - - - - - - - - - $0
Cash Outflow % of sales cost Cost of Sales with
Inventory Costs Startup Inventory
You can leave the average of sales blank and manually input the monthly sales you expect for each month.
Financing Guidelines
4 retail price range [0 -$100] or service #1
retail price range [$100 -$200] or service #2
retail price range [$200 -$300] or service #3
0%
0%
0%
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$
$
$
-
-
-
$0
$0
$0
$0
$0 4. ESTIMATE THE INVENTORY COSTS AND COSTS DIRECTLY RELATED TO SALES: Input the monthly inventory and
Feedback Survey
$0 direct sales cost for each month, if applicable.
retail price range [over $300] or service #4 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 $0
(B) TOTAL INVENTORY COSTS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 $0 TIP: You can directly input the inventory costs for each month or enter an expense percentage in row C and
General Expenses % of Gross Sales
1st Owner's draw/salary $0
let the cash-flow automatically calculate the expense projections. i.e. food costs on average are 40% of sale
0%
price, so $1000 of sales would automatically fill in $400 of inventory costs for that month.
5
2nd Owner's draw/salary, if necessary $0 0%
Employee/contractor wages $0 0%
Legal fees $0 0%
Accounting services $0 0% 5. LIST EXPENSE CATEGORIES: List common monthly expenses not shown and complete the first month’s
Advertising and promotion $0 0%
Commercial Rent $0 0%
expenses. Then repeat for all of year one.
Property taxes/TMI $0 0% TIP: Don’t include costs shown on the Start-up Costs in month one.
Utilities $0 0%
Business Insurance $0 0% TIP: In order to have a sustainable business you will need to pay yourself. In the first few months your draw
Bank Charges $0 0% may be limited, however, you will need to show you can support yourself (and family where applicable).
Office supplies & postage $0 0%
Telephone & Internet $0 0%
Alarm System $0 0% 6. LOAN PAYMENTS: Futurpreneur and BDC loan costs are calculated automatically. Other loan costs will need
Subscriptions & Memberships $0 0%
Training $0 0% to be calculated.
credit card transaction fee (2%) 2% - - - - - - - - - - - - $0 0%
expense as % of sales rev 0% - - - - - - - - - - - - $0 0%
$0 0% 7. REVIEW CUMULATIVE CASH-FLOW: Cumulative cash-flow line (H) must always be positive for each and every
$0 0%
(C) TOTAL GENERAL EXPENSES - - - - - - - - - - - - $0
month. If it is negative, you will need to adjust your expenses or find additional sources of funds to cover the
Other disbursements shortfall.
TOTAL Start-up Costs - $0
If the Cumulative Cash-flow is not positive you will need to:
6 Futurprenuer Loan management fee
Futurpreneur Loan Funding - Interest Payment
Futurpreneur Loan Funding - Principal Payment
0
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$0
$0
$0
1) increase the money put into the business at start-up and/or
BDC Loan Funding - Interest Payment - - - - - - - - - - - - $0 2) increase sales expectations; and/or
BDC Loan Funding - Principle Payment - - - - - - - - - - - - $0 3) reduce your planned expenses.
Other Funding 1 - Interest + Principal Payment $0
Other Funding 2 - Interest + Principal Payment $0
$0
(D) TOTAL OTHER DISBURSEMENTS 0 0 0 0 0 0 0 0 0 0 0 0 0 $0
(E) TOTAL CASH OUTFLOW (B+C+D) 0 0 0 0 0 0 0 0 0 0 0 0 $0

(F) NET CASH-FLOW (A-E) 0 0 0 0 0 0 0 0 0 0 0 0 $0

(G) CASH FROM PREVIOUS PERIOD 0 0 0 0 0 0 0 0 0 0 0 0 $0

7 (H) CUMULATIVE CASH-FLOW (F+G) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Income statement is automatically calculated

 Instructions
Cash Flow Forecast - Year 2
Month 13 14 15 16 17 18 19 20 21 22 23 24 Total
Sales Assumptions
Past Purchases retail price range [0 -$100] or service #1 0
retail price range [$100 -$200] or service #2 0
retail price range [$200 -$300] or service #3 0
Start-Up retail price range [over $300] or service #4 0
Cash from Sales Avg $ % of sales
retail price range [0 -$100] or service #1 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
retail price range [$100 -$200] or service #2 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
Yr. 1 Cash-flow
retail price range [$200 -$300] or service #3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
retail price range [over $300] or service #4 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0 0%
Total Cash Sales 0 0 0 0 0 0 0 0 0 0 0 0 $0
Yr. 2 Cash-flow Owner's Investment $0

$0
Income Statement Total Other Cash Inflow 0 0 0 0 0 0 0 0 0 0 0 0 $0
(A) TOTAL CASH INFLOW 0 0 0 0 0 0 0 0 0 0 0 0 $0
Cash Outflow
Inventory Costs % of sales cost
Glossary
retail price range [0 -$100] or service #1 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
retail price range [$100 -$200] or service #2 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
retail price range [$200 -$300] or service #3 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
Financing Guidelines retail price range [over $300] or service #4 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
(B) TOTAL INVENTORY COSTS 0 0 0 0 0 0 0 0 0 0 0 0 $0
General Expenses % of Gross Sales
Feedback Survey 1st Owner's draw/salary $0 0%
2nd Owner's draw/salary, if necessary $0 0%
Employee/contractor wages $0 0%
Legal fees $0 0%
Accounting services $0 0%
Advertising and promotion $0 0%
Commercial Rent $0 0%
Property taxes/TMI $0 0%
Utilities $0 0%
Business Insurance $0 0%
Bank Charges $0 0%
Office supplies & postage $0 0%
Telephone & Internet $0 0%
Alarm System $0 0%
Subscriptions & Memberships $0 0%
Training $0 0%
credit card transaction fee (2%) 2% - - - - - - - - - - - - $0 0%
expense as % of sales rev 0% - - - - - - - - - - - - $0 0%
- $0 0%
- $0 0%
(C) TOTAL GENERAL EXPENSES 0 0 0 0 0 0 0 0 0 0 0 0 $0
Other disbursements
Start-up Costs $0
Futurpreneur Loan Funding - Interest Payment - - - - - - - - - - - - $0
Futurpreneur Loan Funding - Principal Payment - - - - - - - - - - - $0
BDC Loan Funding - Interest Payment - - - - - - - - - - - - $0
BDC Loan Funding - Principal Payment - - - - - - - - - - - $0
Other Funding 1 - Interest + Principal Payment $0
Other Funding 2 - Interest + Principal Payment $0
$0
(D) TOTAL OTHER DISBURSEMENTS 0 0 0 0 0 0 0 0 0 0 0 0 0
(E) TOTAL CASH OUTFLOW (B+C+D) 0 0 0 0 0 0 0 0 0 0 0 0 0

(F) NET CASH-FLOW (A-E) 0 0 0 0 0 0 0 0 0 0 0 0 $0

(G) CASH FROM PREVIOUS PERIOD 0 0 0 0 0 0 0 0 0 0 0 0 $0

(H) CUMULATIVE CASH-FLOW (F+G) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

 Instructions Projected Income Statement
Year 1
Revenues
Past Purchases Sales
retail price range [0 -$100] or service #1 0
retail price range [$100 -$200] or service #2 0
retail price range [$200 -$300] or service #3 0
Start-Up retail price range [over $300] or service #4 0
(A) Total Sales $0
Inventory Costs
Yr. 1 Cash-flow Opening Inventory / Stock / Product (from startup) 0
retail price range [0 -$100] or service #1 0
retail price range [$100 -$200] or service #2 0
retail price range [$200 -$300] or service #3 0
Yr. 2 Cash-flow retail price range [over $300] or service #4 0
(B) Total Cost of Inventory $0
(C) GROSS MARGIN (A-B) $0
Income Statement Expenses
General Expenses
Owner's Draws/salaries 0
Employee/contractor wages 0
Glossary Legal fees 0
Accounting services 0
Advertising and promotion 0
Financing Guidelines Commercial Rent 0
Property taxes/TMI 0
Utilities 0
Business Insurance 0
Bank Charges 0
Office supplies & postage 0
Telephone & Internet 0
Alarm System 0
Subscriptions & Memberships 0
Training 0
credit card transaction fee (2%) 0
expense as % of sales rev 0
- 0
- 0
(D) TOTAL GENERAL EXPENSES $0
Other Disbursements
Start up Costs 0
Futurpreneur Loan Funding 0
BDC Loan Funding 0
Other Funding 1 0
Other Funding 2 0
Loan Capital Injected 0
(E) TOTAL OTHER EXPENSES $0
(F) TOTAL EXPENSES (D+E) $0

NET PROFIT BEFORE TAX (C-F) $0

Income Tax (estimated at 25%) $0
NET PROFIT AFTER TAX $0
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
 Instructions Glossary - Business Terms and Definitions
These are working definitions intended to help you complete this cash-flow
Past Purchases

Owner’s Investment
Start-Up

Yr. 1 Cash-flow
Owner’s Draw/Salary

Yr. 2 Cash-flow Past Purchases or

Historic Costs

Fixed Assets
Income Statement

Fixed Costs
Glossary

Business Insurance
Financing Guidelines

Feedback Survey
Interest Payment

Principal Payment
Start-Up

Variable Costs

Working Capital

Expenses

Cumulative Cash

Glossary - Business Terms and Definitions - Page 12

Cash-Flow Projection

Capital
Assets

Glossary - Business Terms and Definitions - Page 13

Business Terms and Definitions
definitions intended to help you complete this cash-flow

Money which the business owner invests into the business. Typically these funds come from
a variety of sources including, the owner’s 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 specific to the business property,
activities and sometimes staff. Some 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 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 different than an
interest payment because it reduces the amount of money you now owe.
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 14

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 15

 Instructions

Past Purchases

Start-Up

Yr. 1 Cash-flow

Yr. 2 Cash-flow

Income Statement

Glossary

Financing Guidelines

Futurpreneur Canada - Financing Guidelines 16

Financing Guidelines
Futurpreneur Canada and our partner, the Business Development Bank of Canada (BDC) are proud to
support Canada’s 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
$60,000 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 programs we offer:

http://www.futurpreneur.ca/en/programs/

Financing and Repayment Terms

For businesses with applicant(s) between 18 – 39 years old who hold 51% or more
business ownership
May be eligible for up to $20,000 in funding from Futurpreneur Canada and up to $40,000 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.

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 17

Futurpreneur Canada Funding Loan Terms
No penalty for early re-payment and additional payments of Futurpreneur Canada funds.
Futurpreneur Canada charges a one-time non refundable loan management fee of 1% of the total loan
amount, deducted at time of loan disbursement.

For all years, interest is charged at CIBC’s prime rate* + 3.75%

*Visit the CIBC’s website for the current prime rate.

BDC Funding Loan Terms

Applicant(s) must show a minimum personal investment (typically 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 penalty. 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* + 1.65%
*Please contact your local BDC office for the BDC Floating Base Rate.

Futurpreneur Canada - Financing Guidelines 18