I Have a Business Idea – Where Do I Begin with knowing how much money it could make?

Financial Forecasting for start-ups and entrepreneurs

17-09-2024 • 6 mins

This Podcast is brought to you by the team at www.powdr.co.uk - powerful financial forecasting software, built to save your business money and help you grow!

Podcast Summary: "I Have a Business Idea – Where Do I Begin with how much money it could make?"

In this episode, we tackle one of the most common questions for aspiring entrepreneurs: “Where do I even start with forecasting, and is it worth doing when I know so little?” The answer: YES, you absolutely should! Forecasting isn’t just about numbers—it’s about building a strategy, refining your plan, and transforming those ideas into financial projections.

We break down the key steps, starting with defining your target audience and planning how to reach them. From there, we discuss how to build a strategy, estimate marketing costs, and forecast sales based on your market. We’ll also cover product development costs, startup essentials like legal and insurance, and tips on turning your thoughts into numbers. Whether you’re a spreadsheet wizard or need some guidance with free tools like Powdr, this episode will get you on track to see if your business idea has legs. Tune in to start your journey from idea to action!