In the last meeting of the Entrepreneur discussion group, we talked about business plans for our different ideas. Most businesses (Profit/Non-Profit, Product/Service...) that require some level of investment, fit into a similar planning pattern. We looked over one planning tool that I developed in Excel as an example of that pattern, which is then reflected in the example business plan that I posted to out Dropbox share (email me if you'd like access). The model works by developing the product and estimating it's price and market potential ( revenue projections ). Next, you develop the cost model ( bill of materials, equipment, facility, labor, administrative ). These costs are allocated by product (or service) and together, the revenue and cost projections form the key financial data ( Annual Operating Expenses, Pro-Forma Income Statements, Cash Flow Analysis, Breakeven Analysis By Product, Working Capital Requirements ). All of these are based on research and best-gues...
A diverse group of coders, makers, artists, scientists, system security researchers creating a hacker/maker space in Atlanta Georgia. We create new and exciting projects using diverse knowledge and teach free classes on a multitude of topics for the general public.