Question
Assume that you own an early stage business. You still building your clientele and can survive financially if do not make much of a profit
Assume that you own an early stage business. You still building your clientele and can survive financially if do not make much of a profit this year (you have other sources of income to cover your personal expenses). However, your revenue must be enough to pay for all of your business expenses, i.e. you must break even.
Question: When preparing your sales forecast, how much of a safety margin (%) would you want factor into your projections so that you feel confident that your business will survive (and so you can sleep at night)?
Thank you so much!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started