What’s Your Story - Vision and Validation Week 1 Welcome to the EntreLaunch Online Accelerator Program.
Customer Development Week 2
Revenue and Finance Week 3
Branding and Design Week 4
Startup Legal Week 5
Marketing Week 6
Creating a Financial Forecast
As you progress with your business idea, you will want estimate costs and prepare a Financial Forecast for the next several years. What are your monthly revenues and where do they come from? What expenses do you expect to pay each month? Have you considered the cost of an office? Supplies? Legal services? Shipping? Salaries? Raw materials? Before proceeding with your idea, you will want to make sure you will have enough revenue to cover your basic expenses. Too many businesses fail to open or close quickly because they have underestimated costs.
To help you with your first draft, please refer to the attached PDF. This document contains generic revenue streams and expenses. Have you thought about the costs mentioned in the draft financial statement?