You are currently browsing the MrBizPlan.com weblog archives for the day March 21, 2008.
- Mr BizPlan Says (44)
- December 31, 2008: It Was The Best Of Times, It Was The Worst Of Times
- December 24, 2008: A 2008 Christmas Poem
- November 23, 2008: The Next Great Depression...In High Definition
- October 7, 2008: How the Credit Crisis Affects Small Business
- September 26, 2008: Is Your Brand Awesome? Should it be?
- September 17, 2008: What's going on? From Wall Street to Main Street.
- September 2, 2008: The Universe of Opportunities
- August 7, 2008: Rags to Riches...Anecdotally Speaking
- June 30, 2008: Building Quality Financial Projections
- June 16, 2008: "The Only Thing We Have To Fear..."
Archive for March 21, 2008
Talking Pizza Sales
March 21, 2008 by mrbizplan.
I have been a business consultant since 2002 and I work with about 200 clients a year.
Over that time I have helped entrepreneurs complete countless financial projections for their start-up companies. Over that same period of time I have developed a gut feeling for sales projections and typical expenses due to repeated exposure to different industries financial data.
Restaurants are a particularly popular business to start because of the low barriers to entry (inexpensive, low skill, quick customer attraction, etc.) and I have worked with my fair share of wanna-be restaurant magnates.
So when the opportunity came to start my own Delivery / Carry Our Pizza restaurant with a friend of mine I thought I had a pretty good handle on the business plan and financial projections. Now that we have been open five months I can say that I had the opening three months right but the last two months have been about 30% off the mark.
Looking back at the business plan I can see a few things that I didn’t expect:
Posted in Mr BizPlan Says | Print | No Comments »