Estimate revenue and costs based for international business activities
Answers
The type of business you open will determine the amount of money you will need to open. However, as a rule you should count on having six months worth of money on hand to cover your expenses.
You have a great idea for a business. But now you need to know how to calculate startup costs and expected revenue for a business.
Analyze your startup and operating costs. Compare these costs to the projected gains from your revenue generation formula, or 33 percent of the best-case scenario. If your business can survive and grow from these figures, push ahead. If your figures are not possible, look at your expenses and estimated revenues and start again. This time try to reduce startup and operating costs. You may also find a better location to sell your product or service.