I have been writing a business plan for the last 2-3 weeks. I have also been racking my brain over the projections and even though I can put something on paper, how do I really know if my goals and projections are realistic? I would assume that I need a pretty good idea of what is realistic prior to opening my doors so I dont fail, but everything I find on the internet doesnt help with determining numbers.
I have done extensive research on my area (such as ages, males vs. females, number of households, median household incomes, etc.) so I know who my customers would be, but how can I realistically tell how many of them would walk through my door and buy something? I'm stumped here! Can anyone help me with this part? Please dont just provide links unless they show something new because I have gone to just about every business plan site out there, including examples. They just dont tell me how to come up with realistic figures. Can anyone with experience provide me some advice?
2007-04-24 07:59:29 · 7 answers · asked by floridasun5 3 in Business & Finance ➔ Small Business
Here's a few ideas:
Contact an association in your state that has members that do what you want to do and see if anyone can help you.
Contact your state government and see if anyone has figures that could help (also maybe check the state website).
Find competitors and see if someone not in your immediate area would take you under his/her wing and help you out with figures.
Good luck! :)
2007-04-24 08:04:11 · answer #1 · answered by searching_please 6 · 1⤊ 1⤋
Go to http://www.score.org/ to find the nearest SCORE chapter. In the upper left hand corner is a box to enter your zip code. Your nearest SCORE chapter will be on the next screen. Contact them to arrange for a free one on one meeting with a SCORE counselor to review your business plan.
SCORE is a nonprofit organization. They provide a public service by offering small business advice and training.
SCORE's 10,500 volunteers have more than 600 business skills. Volunteers share their wisdom and lessons learned in business. The volunteers are working/retired business owners, executives and corporate leaders.
2007-04-24 08:21:54 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Some fail because they don't take into account the reality of the situation. They make assumptions which haven't a solid basis.
2016-05-17 22:19:07 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Your questions are too general. If you make a plan, based on the best of your ability, go with it. You cannot guess the future. If someone, who reads your plan, says it is not realistic, have that person explain why. Then revise your plan if you think it necessary.
2007-04-24 08:04:13 · answer #4 · answered by regerugged 7 · 0⤊ 2⤋
Email me all of the details of your plan and I will let you know.
2007-04-24 08:01:29 · answer #5 · answered by Anonymous · 0⤊ 1⤋
make another web sight send your self a copy.
2007-04-24 08:03:56 · answer #6 · answered by ? 7 · 0⤊ 2⤋
huh
2007-04-24 08:01:31 · answer #7 · answered by ju_ty 1 · 0⤊ 2⤋