The second mentoring session conducted by Innovative Academy was filled by Nurhidayah Rasyid, S. E., M. ACC., AKT., CPA or commonly called Dayah at the Grand Keisha (04/11). As the Founder of Dokter Finance, which is a company engaged in Corporate Governance Consulting, Dayah raised the theme of “Startup Finance” as the topic of discussion.
After a question and answer session about each startup group, Dayah emphasized the importance of finance, especially when pitching to investors. There are some cases where a business collapses not because of its product, but because of its inability to manage budgeting (financial planning). Therefore, startups must have a financial roadmap (financial planning) to achieve the company’s financial goals according to the target.
The first step that can be done in the financial roadmap is to make a business budget, make a business projection report, calculate the BEP, and determine the ROI. The second step is to make budgeting, make bookkeeping, make tax planning, make performance reports (cash flow reports), and document notes. The third step is to make financial statements consisting of income statements, balance sheets, and asset depreciation. Dayah also explained the concept of how to prepare financial statements starting from preparing transaction notes, making bookkeeping, making Cost of Account (COA), making journals, and then making financial statements. In running a business, of course, funding is needed to run and develop it. One of the most important fundraising strategies is to find investors who have the same vision. There are several sources of capital that can be used, such as personal capital, credit, assistance, and investors. In fact, we can apply for funds to the ministry if we are ready with our business idea because our business idea supports the government’s goal of creating new entrepreneurs and solving existing problems. In between her presentation, Diyah also gave examples, insights, and advice that relate to life. One of the repeated advice given was “Don’t make money as God”