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Lessons Learned #10
1st Dec 2014Group #4
Lean Entrepreneurship Project S4
Diana Moreira Hugo Stevens
Jan OttaJudit Kalmár
2
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.
3
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.
4
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
5
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
6
Processes
7
Processes