Finally, you have reached phase C. Congratulations, you have already developed many important business factors and your team is developing a proper Startup. Now it's time to deal with the topic of finances and budget planning. To become a successful Startup, you need to understand how to earn money with your business. Therefore, a well elaborated financial planning for the next two years is necessary. Keep in mind, that you can plan with the price money of 50.000€. Additionally, it's possible to take out bank loans up to a maximum of 50.000€. Consider the repayment of the loan in the financial plan.

In the beginning focus on the following question: How can your Startup generate income? Discuss within your group possible revenue models and select a suitable one. Give reasons for your selection and why it fits to your business. Support your explanations with a comprehensible table or visualization. (You might also choose more than one revenue model and present different options).

Workload: At least 1-2 pages

Format: PDF

The centerpiece of the budget planning is the financial plan, which describes all incomes and costs as well as the liquidity for the upcoming periods. Discuss your expenditures within your team. Make well thought assumptions and document this process. Create a sustainable financial plan for the next two years of your Startup. In the financial plan you can use the 50.000€ price money of Albania's next Unicorn. Furthermore, it's possible to use external bank credits up to a maximum of 50.000€ to fund your Startup. Consider the repayment of the loan in the creation of your financial plan. Identify appropriate content for your circumstances and present it in your financial plan. It is possible to make assumptions for unclear financial items since your Startup is still in the founding phase.

Workload: At least 3 pages

Format: PDF (for explanations) and table