Startup Professionals Musings

JULY 15, 2013

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Business Plan Burn Rate .Net 238

Up and Running

JULY 22, 2014

But whether you’re thinking of starting a business, expanding your current business, or just want to understand your current business better, there are a few key financial items that you should definitely include: Profit and loss statement. Sales forecast. and maybe some business ratios and/or a break-even analysis.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Tim Keane

MARCH 9, 2011

How to prepare a sales forecast for a business plan » March 09, 2011. The overarching idea, of course, is to reduce the cost of capital while maintaining appropriate flexibility for the venture.  Business success is the ultimate goal. 2]   Aligning interests in structure: cost and risk.

Finance 83

Finance Bootstrapping Startup Equity 83

Up and Running

MAY 1, 2014

Your business plan isn’t complete without a financial forecast. If your business model (i.e., “how If you are raising money to start or grow your business, you need to include the details of what you need in the executive summary. You can look at your costs and then mark up your offering from there.

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

Up and Running

JULY 6, 2015

Without access to capital, companies are unable quickly adapt to today’s ever-changing business world. Proper budget forecasting, coupled with an understanding of symptoms that might indicate cash flow problems are in your future can help you protect your business from scrambling to figure out where to get its next infusion of cash.

Forecast 60

Forecast .Net Sales Stock 60

Startup Professionals Musings

JUNE 9, 2012

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Burn Rate .Net Business Model 238

Up and Running

MAY 15, 2018

Innovative products and business models are the foundations of a promising startup. Creating a scalable business model. Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. Sure, it should be unique.

SBA 84

SBA Angel Investor Technical Review Startup 84

Startup Professionals Musings

MARCH 22, 2011

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 230

Forecast Burn Rate Startup .Net 230

Up and Running

NOVEMBER 12, 2018

Defining the problem you’re trying to solve is an important part of your business plan because it’s the first place where you’ll demonstrate that idea is viable—that you can actually make money with your business model and idea. Share of the Market (SOM) : Your SOM is who you will reach in your first few years of business.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

Tim Keane

APRIL 14, 2008

As one example, think about forecasting sales based on market potential and competition, rather than simply on historical results by salesperson. If we see that our total accounts are underpenetrated in one market, can we test how much it costs and how long it takes to acquire new ones?

Ireland 60

Ireland Wisconsin Forecast Sales Cycle 60

Up and Running

OCTOBER 3, 2018

Whichever type of plan you choose, remember that a business plan is a living document. Set a specific time each month to review it , comparing forecasts to actuals and revising as necessary. Assumptions change based on experience, and your business plan should change along with these assumptions. Be specific.

El Paso 61

El Paso Business Plan Technical Review Forecast 61

Occam's Razor

OCTOBER 14, 2014

This recommendation also valuable for companies that have very unique business models, or face other unusual circumstances (geographic, size, amount of innovation, and many others). Hence, over time, though the costs were reasonable, I've become shy about these resources as a source of value/quality. See Page 269. :).

Analytics 133

Analytics Vertical Metrics Web 133

Startup Professionals Musings

MARCH 25, 2010

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 151

Forecast Startup Burn Rate .Net 151

Up and Running

MAY 15, 2019

There’s no one model—or one business plan—for breweries. Each brewery will have its own unique business model and business plan. Before opening a brewery, prospective brewers have to figure out the right business model for their plans, location, interests, startup resources, and long-term vision.

Oregon 24

Oregon Jordan Software Review Distribution 24

ConversionXL

OCTOBER 30, 2019

According to the Q1 2018 HubSpot Research Trust Survey , 81% of customers trust recommendations from family and friends over business advice. The ROI of an existing customer is higher than the ROI of a net new customer. Depending on your business model, it can be tricky to define. LTV is a complex, advanced metric.

Retention 101

Retention Metrics Churn Rate Acquisition 101

ConversionXL

OCTOBER 30, 2019

According to the Q1 2018 HubSpot Research Trust Survey , 81% of customers trust recommendations from family and friends over business advice. The ROI of an existing customer is higher than the ROI of a net new customer. Depending on your business model, it can be tricky to define. LTV is a complex, advanced metric.

Retention 48

Retention Metrics Churn Rate Acquisition 48

Up and Running

DECEMBER 9, 2014

The DIY mentality can really bog you down and become a burden eventually, plus it can really cost you more time and money in the grand scheme of things. I just wanted to break down those two pieces real quick the time side and the cost side. Then the second one here which I eluded to is really all about cost.

Small Business 95

Small Business Finance Forecast Metrics 95