Work out what I have to sell to cover my costs

Your break-even number, and an honest read on whether it's reachable given what customers told you.

What to ask

Run my numbers with me. List my one-time startup costs and my monthly running costs, then calculate my break-even — how much I need to sell each month to cover everything. Tell me honestly whether that number looks reachable given what I heard from customers. Then write it all into my Financial Plan section, recording my monthly costs and any cash on hand as assumptions so we can re-run this later.

Related

• Open a business bank account and keep my books cleanWhat to bring, what to look for, and the account connected so bookkeeping starts clean.
• Set up a way to get paidThe right setup for how you actually sell, plus a first invoice template with your terms on it.
• Price what I sell so it actually makes moneyA price that covers cost plus profit, saved with the unit cost so margins are tracked from day one.
• Find out whether my business idea is any goodAn honest read on your idea — the strongest part, the weakest, and the one thing worth finding out this week.