[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.ryko.sk\/ako-vyhodnotit-projekt-rizikoveho-kapitalu\/#Article","mainEntityOfPage":"https:\/\/www.ryko.sk\/ako-vyhodnotit-projekt-rizikoveho-kapitalu\/","headline":"Ako vyhodnoti\u0165 projekt rizikov\u00e9ho kapit\u00e1lu","name":"Ako vyhodnoti\u0165 projekt rizikov\u00e9ho kapit\u00e1lu","description":"Krok 1. Skontrolujte aktu\u00e1lny stav spolo\u010dnosti V tomto \u0161t\u00e1diu budete musie\u0165 uskuto\u010dni\u0165 rozhovor so spolo\u010dnos\u0165ou, ktor\u00e1 v\u00e1s zauj\u00edma a polo\u017ei\u0165 […]","datePublished":"2018-08-11","dateModified":"2023-04-28","author":{"@type":"Person","@id":"https:\/\/www.ryko.sk\/author\/#Person","name":"","url":"https:\/\/www.ryko.sk\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/df9d3e7f7fe4622e291ec02ac46f5f76755ddc91019a65e783baee3892394402?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df9d3e7f7fe4622e291ec02ac46f5f76755ddc91019a65e783baee3892394402?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"ryko.sk","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.ryko.sk\/wp-content\/uploads\/img_a291861_w16641_t1539239335.jpg","url":"https:\/\/www.ryko.sk\/wp-content\/uploads\/img_a291861_w16641_t1539239335.jpg","height":0,"width":0},"url":"https:\/\/www.ryko.sk\/ako-vyhodnotit-projekt-rizikoveho-kapitalu\/","about":["Business"],"wordCount":353,"articleBody":"Krok 1. Skontrolujte aktu\u00e1lny stav spolo\u010dnosti V tomto \u0161t\u00e1diu budete musie\u0165 uskuto\u010dni\u0165 rozhovor so spolo\u010dnos\u0165ou, ktor\u00e1 v\u00e1s zauj\u00edma a polo\u017ei\u0165 \u0161tandardn\u00e9 ot\u00e1zky. To v\u00e1m pom\u00f4\u017ee zisti\u0165, \u010do spolo\u010dnos\u0165 dosiahla a ako zar\u00e1ba peniaze, \u010do bude \u010falej robi\u0165, ako sa bude rozv\u00edja\u0165. Vo v\u0161eobecnosti dostanete predstavu o spolo\u010dnosti – v ur\u010ditom \u010dasovom horizonte. Krok 2. Predpokladan\u00e9 pr\u00edjmy a v\u00fddavky Progn\u00f3za pr\u00edjmovej strany – suma v\u00fdnosov, ktor\u00e1 bude za 2 a\u017e 5 rokov (n\u00e1\u0161 pl\u00e1novac\u00ed horizont). Vypracujeme si podrobn\u00fa predpove\u010f prev\u00e1dzkov\u00fdch \u010dinnost\u00ed. Preh\u013ead o n\u00e1kladoch pom\u00e1ha pochopi\u0165, ako spolo\u010dnos\u0165 dosiahne o\u010dak\u00e1van\u00e9 v\u00fdsledky, ako skoro bude ekonomika „konvergova\u0165“ (v\u00fdnosy prekro\u010dia n\u00e1klady). Krok 3. Ur\u010dite v\u00fdstupn\u00fa hodnotu a anal\u00fdzu n\u00e1vratnosti invest\u00edci\u00ed Na\u0161ou \u00falohou je pochopi\u0165, ak\u00e1 cena podnikania je dnes, ako by mal investor investova\u0165 do kapit\u00e1lu pr\u00e1ve teraz. Aby sme to dosiahli, mus\u00edte ur\u010di\u0165 hodnotu poh\u013ead\u00e1vky spolo\u010dnosti. Po v\u00fdpo\u010dte odhadovan\u00fdch pr\u00edjmov a n\u00e1kladov budeme vedie\u0165 pribli\u017en\u00fd EBITDA, to znamen\u00e1 zisk pred zaplaten\u00edm dan\u00ed, \u00farokov z \u00faverov a odpisov. Investori sa zvy\u010dajne zastavuj\u00fa na tejto \u00farovni vo v\u00fdpo\u010dtoch, preto\u017ee tento ukazovate\u013e nazna\u010duje prev\u00e1dzkov\u00fa efekt\u00edvnos\u0165 podnikania a d\u00e1 sa porovna\u0165 s in\u00fdmi podobn\u00fdmi ukazovate\u013emi. Nezah\u0155\u0148a dane (ktor\u00e9 sa v jednotliv\u00fdch krajin\u00e1ch l\u00ed\u0161ia) a dlhov\u00e9 za\u0165a\u017eenie. Jeho podmienky op\u00e4\u0165 z\u00e1visia od krajiny a makroekonomick\u00fdch faktorov. Po obdr\u017ean\u00ed EBITDA mus\u00edte z\u00edska\u0165 pr\u00edslu\u0161n\u00fd n\u00e1sobite\u013e na v\u00fdpo\u010det hodnoty podniku. N\u00e1sobite\u013e je druh multiplik\u00e1tora, ktor\u00fd v\u00e1m umo\u017e\u0148uje z\u00edska\u0165 trhov\u00e9 ocenenie podniku. Po z\u00edskan\u00ed multiplik\u00e1torov je potrebn\u00e9 ich vyn\u00e1sobi\u0165 hodnotou v\u00fdnosov v ur\u010ditom \u010dasovom bode (pod\u013ea progn\u00f3zy, ktor\u00e1 bola postaven\u00e1 sk\u00f4r) alebo hodnotou EBITDA – v z\u00e1vislosti od preferenci\u00ed investora. V\u00fdsledkom bude hodnota obchodu v \u010dase, ke\u010f sa investor chyst\u00e1 ukon\u010di\u0165 projekt.                                                                                                                                                                                                                                                                                                                                                                                        4.6\/5 - (7 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Ako vyhodnoti\u0165 projekt rizikov\u00e9ho kapit\u00e1lu","item":"https:\/\/www.ryko.sk\/ako-vyhodnotit-projekt-rizikoveho-kapitalu\/#breadcrumbitem"}]}]