Business, Money, and Finance Discussion Blog

All being well this is the scenario you most likely expect to achieve. although it’s impossible to predict exact expenditure and sales figures, you should be able to work out what you think is possible.

Again if the figures you come up with during this scenario fall below what’s needed to make your idea worthwhile then either re-work your idea or start afresh. read more »

Don’t forget to calculate a worst case scenario. My favorite way of doing this is to imagine I’ll sell nothing.

Obviously this is the sort of scenario we all hope will never happen and provided you undertake sufficient market research before you invest any of your money, it should never arise. read more »

For your best case scenario work out how many holidays you could actually run, given your resources in terms of time, money etc.

What have you come up with?

For example, if the net amount you’re hoping to earn per customer, per holiday, is £80, and given your resources in terms of time available etc, the most holidays you can expect to sell is 100, then that means at the best case you’ll earn £8,000. read more »