Start Up Business Feasibility Test in 30 Mint

 

Here is what’s happening actually in every time you start browsing the internet you will found millions of articles and sheets regarding how to write feasibility plan at the end a lot of difference in each template and working sheet

Most of Entrepreneurs starting with Services Idea’s in the field of IT , Skilled Therapist , Consultation , Hand Made , Graphic and Designs , Software’s and Event Management

Now all of the above can create their own business plans but I am focusing in guiding them what essential components they must have in their feasibility plan so they can determined what Working Capital They Need and for how long

  1. Quarterly Period : That’s Mean Calculate your costs and Income every Three Month
  2. Cost : Divide into two Parts : A) Operation Cost Include Wages , Rent , Telephone , Internet , Electricity , Transportation  and To Be calculated Quarterly B) Setup Cost Include Decoration , Hardware’s , Software’s , Furniture’s and Other Assets Not Over 500 GP Calculated at the First Quarter Only
  3. Income : Calculated Every Quarter with Forecast to Increase the sales very Quarter by 5% for each product
  4. Profit and Loss : To be Calculated by the Following (Income – Outcome + Bank Account )
  5. The Bank Account Starting with the Working Capital which is the Sum of Setup Cost + Operation Cost for the 1st Quarter .
  6. The Income starts from the 2nd Quarter to be Calculated

Check The Following Example Which May Help you

Note That This is mainly to test the vitality for the profitability of your Idea and Core for the Full Business Plan .

 

Cost

Description

Jan-Apr

May-Aug

Sep-Dec

Jan-Apr

May-Aug

Sep-Dec

Total

Operation Cost

 

 

 

 

 

 

 

 

 

RENT

800

800

800

800

800

800

4800

 

WAGES

1500

1500

1500

1650

1650

1650

9450

 

TELE

160

160

160

160

160

160

960

 

ELECT/WATER

150

150

150

150

150

150

900

 

INTERNET

120

120

120

120

120

120

720

 

MARKETING

140

140

140

140

140

140

840

 

transportation

80

80

80

80

80

80

480

 

Courier

40

40

40

40

40

40

240

Total

 

2990

2990

2990

3140

3140

3140

18390

Fixed Cost

 

 

 

 

 

 

 

 

 

Furniture

500

 

 

 

 

 

 

 

Computer

500

 

 

 

 

 

 

 

software

500

 

 

 

 

 

 

 

hardware

500

 

 

 

 

 

 

 

Other assets

500

 

 

 

 

 

 

Total

 

2500

 

 

 

 

 

2500

Sales

 

 

 

 

 

 

 

 

 

Product 1

 

1000

1100

1210

1331

1464.1

6105

 

Product 2

 

1200

1320

1452

1597.2

1756.92

7326

 

Product 3

 

1400

1540

1694

1863.4

2049.74

8547

Total

 

 

 

 

 

 

 

21978

Capital Return Ratio

 

0%

0%

25%

25%

25%

25%

 

 

Amount

 

 

625

625

625

625

2500

Capital Required

 

5490

 

 

 

 

 

 

Total Income

 

 

3600

3960

4356

4791.6

5270.76

21978

Total Outcome

 

5490

2990

3615

3765

3765

3765

23390

Bank Account

 

5490

-5490

1100

8675

9266

10292.6

29334

Profit / Loss

 

-5490

1100

8675

9266

10292.6

11798.36

27922

 

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