Rajesh Shakya has a great piece on break-even calculation you should read or use cash-flow forecasting to work out how your business will be doing.
So go and have a look if you are in the early stages of your “planning”, once this comes out well for your plan do some cash-flow planning, SWOT (Strength, Weakness, Opportunities and Threats) analysis and a business goal-sheet.
BEA – Break-Even Analysis is a fast and easy way – for personal business, like contractors, freelancer, self-employed, sole-trader, virtual assistants and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants to work out your basic business matrix, to help you make up your mind if the idea is worth taking further.
Just give it a go!
