Individual Assignment: Revenue, Sales and Profit Projections

InstructionsDeveloping your new business Revenue, Sales and Profit Projections maybe the most important indication of your product, retail strategy, your vision, the goals, expectations for your business. Researching competitors, industry leaders, innovators sales, costs, margins is the first step to understanding the potential revenues for your product, retail format, industry. Every new venture begins with understanding the Market Opportunity, the sales and profit potential for their their new product, industry, retail channel and target market. Find sales and cost projections for a business like the one that you are starting this quarter. Look for current news stories, results from Yahoo Finance, Wall Street Journal, local newspapers, business magazines that focus on sales and profit, company financial results for companies in your industry. Public companies are required to provide financial information, also companies getting large and many rounds of funding, financial results are reported. Many companies announce their sales in financial results and press releases, important to support, verify information from credible news sources. Include the important financial benchmarks and measurements in your summary.Companies are all impacted by the Stay Safe at Home, shut downs and changes we are experiencing, look for news about how financial sales and profit forecasts have changed for all businesses including restaurants, retailers, fashion, beauty, travel businesses.