How to estimate small business sales
Estimating sales is important, and helps you determine the overall achievability of your business idea. The better your sales forecast, the better able you’ll be to make those ever-important decisions about growth. Estimating sales lets organize market and financial data in a way that helps you determine what your profit might be.
One of the most important tasks of pre-venture planning is the sales forecast. It helps you ensure that your business is sustainable, so you can actually make a living as an entrepreneur.
Read more about the two methods for creating a sales forecast: the market share method and the daily capacity method.