Wednesday 19 May 2010

Sales Forecasting - Where dreams are made...

Not a massive amount to report the last few weeks.  I have had various quotes back from web design companies that are looking at winning my business.  I am still in the process of getting my business plans ship shape and these are coming along nicely.  I have also had 1 more idea which I think could potentially be the golden ticket of the 4 plans.

I've come to the forecasting and profit and loss (p&l) side of the plans, and this is very difficult for me to predict/forecast.  I went onto companies house and download accounts from some relevant companies to find out what they are turning over, so I am using these to get to my final figure.  I find it difficult to say how many people will come to my sites and pay.  I have done year ones forecast and I'm halfway through year 2's figures.
The figures I put down are very very important, they are the numbers that investors will look at to see if they will make a gain on their money.  They will need to see enough return to enable an exit strategy should they need to make a quick win.  I think what i've put down is okay, but i'm going to get the advice of some business people for any help.

On another note, i've come across a company via a friend that will get certain sites up and running for a stake in the return (along as a certain number of people register), it looks like an interesting concept for one of the ideas so im going to find out more.  Even if its an option for a couple of years its definately worth looking into.  When i've got the information back ill post on here how it works.  I just need to see if they can support the methods that I am to launch.

I am still trying to get my meeting booked with Rotherham Enterprise also, trying to work it around work is the hard part.

Monday 10 May 2010

Picking the right help

I've not much to report on the business plan front.  I downloaded some business plan software, but its very Americanised and not that straight forward.  I do have a template for a business plan that I got from the enterprise shows, So I will look at using this one I think unless anyone recommends any good software.

I have been in contact with a company that has quoted me for the web design, and they run a business start up practice where they give you £25k worth of start up support in exchange for a stake in the company.  I'm waiting for a call with the main person to find out the ins and outs.  They will get it so your start up company is investor ready.  I'm quite interested to learn more about this as it could be the perfect help that I need.

I have received a few quotes for my website from different companies and they range from around 13k up to 80k, so im going to get this business plan 100% when I get all of the quotes back.

This week i'm going to push forward with finding out more details on this company and also look at forecasting for my business.  I have downloaded some accounts from similiar companies so that I can try and accurately try and get the best figures.