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 you
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 be
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 C

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

When using the Interactive business plan writer, Start-up - Inventory / Stock / Products costs will be grouped tog
inventory type or product price ranges. You may need to organize these costs by inventory type or price ranges
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 b
need to separate the prices shown in the cash-flow by organizing them into inventory types, price ranges or serv
expenses assumptions more clearly. We suggest you start by organizing the Sales Assumptions first and do not u
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/operati
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 1
i.e.
2 My business will have at least 50% business ownership by an applicant(s) over 35 years of age.

Funding Sources
3 Owner Will Futurpreneur BDC Loan Other Other
Contribute Loan Funding Funding Funding 1 Funding 2

Amount $0 $0 $0 $0 $0

5 6
Owner Will Futurpreneur BDC Loan Other Other
Start-up Item Cost of Item
Contribute Loan Funding Funding Funding 1 Funding 2
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 0 0 0 0 0 0

Inventory / Stock / Products (ONLY)
retail price range [0 -$100] or service #1
retail price range [$100 -$200] or service #2
retail price range [$200 -$300] or service #3
retail price range [over $300] or service #4
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
Cash Flow Forecast - Year 1
Month 1 2 3 4 5 6 7 8 9 10 11 12 Total
Sales Assumptions
retail price range [0 -$100] or service #1
retail price range [$100 -$200] or service #2
retail price range [$200 -$300] or service #3
2 0
0
0
retail price range [over $300] or service #4 0
Cash from Sales Avg $ of Sale
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
Total Cash Sales $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
Funding Sources
Owner Will Contribute - $0
Futurpreneur Loan Funding - $0
BDC Loan Funding - $0
Other Funding 1 - $0
Other Funding 2 - $0
Business Bank Account (Existing businesses only) $0
Total Other Cash Inflow 0 0 0 0 0 0 0 0 0 0 0 0 $0
(A) TOTAL CASH INFLOW 0 - - - - - - - - - - - $0
Cash Outflow % of sales cost
Inventory Costs
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
retail price range [over $300] or service #4 0% $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
(B) TOTAL INVENTORY COSTS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $0
General Expenses
1st Owner's draw/salary $0
2nd Owner's draw/salary, if necessary $0
Employee/contractor wages $0
Legal fees $0
Accounting services $0
Advertising and promotion $0
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%) 2% - - - - - - - - - - - - $0
$0
$0
$0
(C) TOTAL GENERAL EXPENSES - - - - - - - - - - - - $0
Other disbursements
TOTAL Start-up Costs - $0
Futurpreneur Loan Funding - Interest Payment + $15 monthly fee - - - - - - - - - - - - $0
Futurpreneur Loan Funding - Principal Payment - - - - - - - - - - - - $0
BDC Loan Funding - Interest Payment - - - - - - - - - - - - $0
BDC Loan Funding - Principle 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

Cash Flow Forecast - Year 2
Month 13 14 15 16 17 18 19 20 21 22 23 24 Total
Sales Assumptions
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
Cash from Sales Avg $
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
Total Cash Sales 0 0 0 0 0 0 0 0 0 0 0 0 $0
Owner's Investment $0

$0
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
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
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
1st Owner's draw/salary $0
2nd Owner's draw/salary, if necessary $0
Employee/contractor wages $0
Legal fees $0
Accounting services $0
Advertising and promotion $0
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%) 2% - - - - - - - - - - - - $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 + $15 monthly fee - - - - - - - - - - - - $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

Projected Income Statement
Year 1 Year 2
Revenues
Sales
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
retail price range [over $300] or service #4 0 0
(A) Total Sales $0 $0
Inventory Costs
Opening Inventory / Stock / Product (from startup) 0
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
retail price range [over $300] or service #4 0 0
(B) Total Cost of Inventory $0 $0
(C) GROSS MARGIN (A-B) $0 $0
Expenses
General Expenses
Owner's Draws/salaries 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%) 0 0
- 0 0
- 0 0
- 0 0
(D) TOTAL GENERAL EXPENSES $0 $0
Other Disbursements
Start up Costs 0 0
Futurpreneur Loan Funding 0 0
BDC Loan Funding 0 0
Other Funding 1 0 0
Other Funding 2 0 0
- 0 0
(E) TOTAL OTHER EXPENSES $0 $0
(F) TOTAL EXPENSES (D+E) $0 $0

NET PROFIT BEFORE TAX (C-F) $0 $0

Income Tax (estimated at 25%) $0 $0
NET PROFIT AFTER TAX $0 $0
Glossary - Business Terms and Definitions
These are working 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 owners personal savings and money gifted from family
Owners Investment 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
Owners Draw/Salary personal expenses like: debt payments, housing costs and general living expenses. We also
consider the contributions of spouses and part-time or other income.

Past Purchases or Items or services already bought to start the business. These costs are listed separately from
Historic Costs the start-up costs on the Futurpreneur cash-flow template.
Items and property that cannot immediately be converted into cash. Examples: buildings,
Fixed Assets furniture, equipment, machines and vehicles.

Regular expenses that have to be paid regardless of how busy or active the business is. Items
Fixed Costs 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,
Business Insurance 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
Interest Payment 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
Principal Payment interest payment because it reduces the amount of money you now owe.

Start-Up 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
Variable Costs changes depending on the monthly activity and could be considered a variable cost.

Working Capital 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
Expenses 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
Cumulative Cash 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 7

 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
Cumulative Cash 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
Cash-Flow Projection 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.

Capital Money you have available to make purchases to start and maintain your business.
Assets Objects or items that can be converted (sold) into cash.

Glossary - Business Terms and Definitions - Page 8

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 programs we offer:

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

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 9

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 10

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