Answer
Apr 19, 2013 - 02:10 AM
Start thinking about how the business works and answer some of the questions below:
- What is the business?
- What is the product / service?
- How do you target and acquire customers?
- What are the revenue streams?
- What costs will the business create?
- What do you think are the major drivers of revenue and costs?
- When do you expect these revenues and costs to occur?
- What do you know about the market?
- What models and metrics exist from existing similar businesses?
From your answers you can start building a simple model that outlines the customer acquisition process, revenues and costs. After that build a more detailed model that incorporates costs and projections that can be presented to investors.
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