- A major component of your business plan…is your financial plan, and the first step in building…that financial plan is documenting your assumptions.…What are you going to assume, and what's the…grounding for those assumptions?…Maybe you look at comparables, market research, or basic…estimates to figure out what that ingoing assumption is.…You'll also need to lay out what the best case…and worst case scenario is for each assumption…because they'll drive different financial performance.…
Then explain how large of an impact each assumption has…on your overall financial performance.…For example, my firm runs training classes.…In the beginning, when I wrote the business plan,…we had assumptions around the price of our courses,…and we looked at comparable training to say…here's our assumption and here's what the market bears.…We looked at conversion rates in terms of sales.…We had an assumption around how many participants…we would have in each class, because…we charge on a per-participant basis.…
I had to make assumptions about the number of…
Author
Released
9/17/2015- Define the problem your business solves.
- Determine a product and revenue model.
- Build a go-to market strategy.
- Describe the components of a product development roadmap.
- Explain how to brand and market a product.
- List criteria for choosing suppliers.
- Identify common pitfalls of business plans.
Skill Level Intermediate
Duration
Views
Related Courses
-
Developing a Competitive Strategy
with Anil Gupta1h 4m Intermediate -
Strategic Planning Foundations
with Mike Figliuolo1h 22m Intermediate
-
Introduction
-
Welcome1m 11s
-
-
1. Defining Your Business
-
Sizing the market1m 55s
-
2. Understanding Your Market
-
How you rank vs. competitors2m 48s
-
3. Defining Your Product
-
Protecting your market2m 41s
-
Developing your product2m 23s
-
Delivering your product2m 4s
-
4. Selling Your Product
-
Pricing your product2m 36s
-
Selling your product2m 20s
-
Supporting your product2m 11s
-
5. Running Your Operations
-
Managing production2m 3s
-
Managing suppliers2m 20s
-
6. Managing Your Business
-
Leading the organization1m 52s
-
Getting advisors2m 2s
-
Compensating leadership2m 13s
-
Administration1m 20s
-
-
7. Projecting Your Financials
-
Financial assumptions1m 47s
-
Financial forecasts2m 20s
-
Capital requirements2m 27s
-
Financial risks1m 50s
-
Exiting your business1m 53s
-
-
Conclusion
-
Business plan pitfalls1m 54s
-
Next steps1m 18s
-
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.
CancelTake notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.
Share this video
Embed this video
Video: Financial assumptions