|
Profit and Sales ProjectionsPAGE 3 Create-Your-Research ScenariosTo get these numbers, you can market test your idea. Put up the machine for a week and count the number
of people. Or in other words, use a prototype to gain market information. This can be extremely helpful
with ideas that are truly new. Or, you can participate in the age-old method of many names. Some call it WAG ( Wild A** Guess) or RWAG (Really Wild A** Guess); I call it a bunch of hog wash! But whatever its called, you must by the nature of the process make an assumption. And this is how you do that. What-Iffing Your NumbersTake the plunge! With a complete set of projections in a spreadsheet, you can do the what if
analysis that all us professionals use to complete a business plan for pay. In this case, the what
if is a sales number actually a volume number. Volume in the case means the incident of sale
or transaction. Your volume number, in your spreadsheet, reflects through the other pages, i.e., if you
change the number of sales from 10 to 100 through your spreadsheet the total sales in dollar changes
as well. Using spreadsheets effectively is another book for sure. Fortunately, most come with good help
sections and doing macros and formulas isnt very difficult.
Small Business Tax Center • Idea Cafe Home • Sign Up • Biz Grant Center • CyberSchmooz •Coffee Talk with Experts • People in Biz Profiles • Starting Your Biz • Biz Planning • Running Your Biz • FREE Trade Publications • Marketing • Financing Your Biz • Human Resources • Legal & Biz Forms • Managing Your Biz • eCommerce • You and Your Biz • Gen X • Work@Home • The Fridge • De-Stress • Send an Award • Send an eGreeting • Yoga @ Your Desk • Web Guide • Idea Cafe in the News • About Idea Cafe • Advertise on Idea Cafe • Contact Us • Privacy Policy • Site Map • Small Biz News Copyright 1995-2024, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages. TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business, CyberSchmooz, and BizCafe.
|
Meet the Idea Cafe Experts
Got biz questions of your own brewing? Go post 'em in Idea Cafe's CyberSchmooz. |