You know, planning a business I knew wasn’t simple. Duh, but there is a whole lot more to it than I ever thought.
I have a great business idea. I am working with a couple of friends to get it all down on paper so we can present it to investors. In order to do this, a full business plan it turns out starts at like 20 pages. The information I haven’t quite figured out how to enter in yet though is the cash flow/revenue parts.
How does one go about guessing their income for a startup business? Yes it will be a brick and morter setup with an online twist, but how do you make projections reasonable? I know it will make money, otherwise I wouldn’t try, but I have to somehow show how much and how my investorys would make returns on their money.
Idea’s? The whole plan is still a work in progres… so I have time, but trying to figure out how I am going to do the more complicated parts is on the backburner.