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  1. #1
    nate_f2 is offline Senior Member
    Join Date
    Mar 2007
    Location
    California
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    163

    Creating my projected income statements for investors.

    Im making a 6 month projection statement for my business and what is safe to say your sales will be starting out with online retail. Obviously Im going to loss money the first couple of months as I wont have as many followers. Would you say 2% to 5% in sales increase throughout the months sounds reasonable for growth.
    If you're slowing me down then get out of my way, If not then I'm running you over

  2. #2
    Lili Cruchelow is offline Junior Member
    Join Date
    Aug 2010
    Location
    Davenport, IA
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    20
    Projecting growth is extremely difficult. Make yourself a goal, figure out how you can obtain it, and then go after it relentlessly. Nothing will stop you when you have a burning desire to succeed.

    Lili

  3. #3
    guidemesingapore is offline Senior Member
    Join Date
    Feb 2010
    Posts
    175
    Well without learning more about your business it is impossible to advice on sales projections. In certain businesses 1% to 2% growth is excellent and certain ones you need more than 10%.

  4. #4
    nate_f2 is offline Senior Member
    Join Date
    Mar 2007
    Location
    California
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    I agree with both comments. Since my product is something the market has not seen before it is very hard to know how it will be accepted. I will do more research and see If I can try to find a similar product and see if I can find a trend in its growth for my prediction.
    If you're slowing me down then get out of my way, If not then I'm running you over

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