Help & How-To

Starting Up
How do I figure projections for a start up business?
I need to come up with 3 year projections for a coffee shop in my area of Ashtabula, Ohio for a bank loan. There are only 2 others in town in none busy areas. Mine will be in the busiest area of town. I have no idea how to project what I will bring in daily. We will sell espresso, flavored coffees, smoothies, muffins, bagels, and a few lunch items. We will be open from 6am to 5pm. Any help would be appreciated.

Asked by Tonya Hammer
Posted: Wednesday, September 12, 2007  |  Found in Starting Up


More answers by Pam Newman
Answer by Pam Newman
You need to visit with your local small business development center to discuss the creation of a business plan. You also need to research your industry to help with information necessary for creation of the business plan . . . it's much more complicated then a simple dollar figure.
Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.


Recent Articles & Resources
We've gathered content from some of the best resources on the web. Find tips to help you run a successful business with this collection of videos, articles, expert blogs, and more.
Why Time is More Valuable Than Money
By Norm Brodsky I see a lot of people who are starting out on their first venture, and they all have the same obsession: money. They want to know how

Marketing and promotion
Nancy Meyers talks about how leveraging new mediums and taking innovative approaches are often necessary to the successful marketing and promotion of

Building and maximizing your network
Use this worksheet to identify the people you want to connect with, where and how to find them and how to make sure you’re spending your valuable

Assessing customer profitability
It’s a standard business adage that it is easier (and less expensive) to sell to a current customer than to acquire a new one. Determining which of

Pitching your business
Whether you are making a sales presentation, seeking financing, networking at an event, or even just chatting with a neighbor, you need to have your
Have a burning question? Ask now!