Estimate total potential income
Income and Profit Exercise: Consider:
- Make a calendar - when is your product or service needed? what will you do at other times
- How many people will buy your product or service
- How much will each person buy?
- How much will they pay and how often?
- How much will it cost you? Consider transport, your costs to buy, labor, storage, processing, losses, etc.,
- identify possible competition - and how they affect your business (e.g., extent and cost of service/product)