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Lessons Learned #10 1 st Dec 2014 Group #4 Lean Entrepreneurship Project S4 Diana Moreira Hugo Stevens Jan Otta Judit Kalmár

Lessons Learned 10 - Financial Plan and Processes

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Page 1: Lessons Learned 10 - Financial Plan and Processes

Lessons Learned #10

1st Dec 2014Group #4

Lean Entrepreneurship Project S4

Diana Moreira Hugo Stevens

Jan OttaJudit Kalmár

Page 2: Lessons Learned 10 - Financial Plan and Processes

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New Fancy Logo

In order to make our logo more appealing to young people but at the same time keeping it

elegant we decided that this is the final version.

Page 3: Lessons Learned 10 - Financial Plan and Processes

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Financial Plan

Sales• We start our sales strictly online, we assume that we will

sell 500 units in the first month with a regular increase of 10% per month.

• After three months we would like to set up a first stand in a shopping center where we assume sales of 1000 unites per month.

• Six months from the beginning of operations we would like to add 2 more stands with same predicted sales as the first one.

Product selling price• We set out selling price at 5 Euros per pair. We would like

to provide different product lines with different sales but that will happen in a later stage of our business.

Page 4: Lessons Learned 10 - Financial Plan and Processes

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Financial Plan

Costs of production• We assume that the average cost of production in the first year

will be 55 cents per pair and it will decrease by 5 cents per year for the first three years due to economies of scale.

Expenses:

Web Page 1000 + 200/monthly

Staff (7 after three years) 700 monthly

Marketing 2000 yearly

Page 5: Lessons Learned 10 - Financial Plan and Processes

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Financial Plan

Net profit

• We hope that our sales will be growing according to our plan. If it goes as planned, SOCK IT will be a very profitable business.

YEAR SALES PROFIT

1 158,461 86,982

2 467,783 282,251

3 946,574 588,658

SUM 1,572,817 EURO 957,891 EURO

Page 6: Lessons Learned 10 - Financial Plan and Processes

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Processes

Page 7: Lessons Learned 10 - Financial Plan and Processes

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Processes


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