by Lawley » Sun May 18, 2014 7:47 pm
Outline of a business plan: 1. What will you sell? 2. How much will it cost to make product? 3. What price can you sell for? If it's not greater than production costs plus direct sales commissions, forget it. 4. How much profit would you make per unit? 5. How many sales could you get per month? Consider potential customers, sales channels, and competition. 6. How much profit would you make per month? If it's not enough to cover your fixed costs(rents, salaries, insurance, licenses, taxes) then rethink it. Either the price has to be higher, or sales have to be higher, or costs have to be lower.