So you’re selling a franchise! Great! Now, you have to make that franchise seem affordable to potential buyers. The problem is, franchises aren’t cheap, nor should they be since you are selling an entire business to be run by a franchisee. Individuals looking to buy a franchise are aware of this. They want to know that, even if they don’t have the money in cash, there will be options to finance their potential startup.

Where to Look for Startup Funding?

There are many different sources from which you or your franchisees could obtain startup capital. Entrepreneur.Com says that most franchisees will look for funds in the following places:

1. Friends and Family
2. Home Mortgages
3. Venterans’ Loans
4. Bank Loans
5. SBA Loans
6. Finance Companies

When banks are too skeptical of your franchisees or are simply too hesitant to lend them money, the SBA is a great asset for small businesses.

The SBA

The SBA (Small Business Administration) provides numerous services to small businesses such as providing investment capital, disaster assistance, government grants, and guaranteeing bonds and loans.  I want to focus on the SBA loans.

The SBA does not directly lend money to small businesses. Instead, “it sets guidelines for loans made by its partnering lenders” —SBA.gov. This makes receiving a loan easier for the franchisee who has been denied a loan by different commercial banks, because banks are more likely to agree to an SBA loan given that the SBA guarantees the loan up to 90%–Entrepreneur.Com.

Franchisor Financing

Your franchisee may be more likely to buy a unit of your franchise if you, the franchisor, are able to support their business venture. Entrepreneur.Com has a list of ways you can provide financing for your franchisees:

1. Leasing programs for equipment
2. Leasing programs for building
3. Financing programs provided by suppliers
4. Deferral of all or a part of the initial franchise fee

If you can lease assets that you own to your franchisees, not only will that keep the revenue coming in on your end, but it will also allow your franchisees to be able to afford equipment or even property without having to take out a number of large loans.

Financial brokers will sometimes approach franchisors to pool large amounts of money using such things as the SBA and private funds, which would then be available to the franchisees like a trust fund–Entrepreneur.Com.

Crowdfunding

Crowdfunding is a newer way to raise capital; however it does come with its risks. A franchisee could join a crowdfunding website and essentially sell securities to investors through that site. This is a relatively easy way to raise startup capital for a franchise; however, there are a number of regulations that go along with crowdfunding a franchise that could prove this option to be a relatively risky one.

• Form C (the crowdfunding regulations for a franchise offering) requires disclosing even more information than the franchise disclosure document does, leading the franchisee to potentially release proprietary information to competitors.
• If the franchisee does not succeed, all those investors will look to the franchise as a whole as being unsuccessful.
• With crowdfunding, an issuer of a security is only allowed to raise a maximum of $1 million throughout the course of one year–Franchising.Org.

This being said, if these potential risks do not pose a problem to you as the franchisor or to your franchisee, crowdfunding could be a very viable way to go to quickly raise capital for a startup as it will not only raise the capital, but also advertise the franchise to all those on the crowdfunding site and to all those who would invest.

 Small Business Mentors

Finally, a great way to finance a franchise is to partner with a small business mentorship organization. One example of this is SCORE. SCORE is a nonprofit organization that provides education and mentorship to small businesses at little to no cost–Score.Org. This doesn’t necessarily mean that these organizations will provide financial capital to your franchisee; however, they can offer guidance on how to successfully obtain and use that capital.

How to Start Your Franchise

If you are looking to start your very own franchise, or perhaps beginning to franchise your current business, this blog post will help walk you through some of the necessary steps that you should take as a business owner to make sure that your franchise can be successful.

Get Organized

First, you have to think through how your business runs or how you want it to run. Write down exact details and guidelines that you come up with, because your franchisees will need to know these guidelines to know how you want them to run their unit. Along with this, you should develop an operations manual to give to each of your franchisees, so they have a tool to look back on if they need to reference any policies/best practices. Finally, make sure you create an approval process so you are the one with the final say when it comes to a franchisee’s major decisions.

Hire an Attorney

Next, you should hire an attorney who knows the rules and regulations of franchising your business. He/she will help you make sure you are following the guidelines when you fill out the franchise disclosure document, set the pricing of your franchise, create the franchise agreement, and determine the kind of intellectual property protection you will need. Your attorney will also help you make sure you don’t miss anything important that you will need to protect your business.

Choose Franchisees Carefully

Before you are ready to begin searching for franchisees, you must set up your interviewing process. This way, you will know the type of person you are looking for, what to avoid, and what should be deal-breakers when making the decision to hire or not. You are essentially handing over a piece of your business, your brand name, and your reputation to another person. They need to not only have the capital to startup the franchise, but they must be able to represent you and your company well.

Build and Protect Your Brand

As stated above, when you franchise your business you are handing over your brand to another person, perhaps a stranger. Because of this, you must do everything you can to protect the brand you have built. Make sure to set clear guidelines for your franchisees to follow regarding the use of any brand assets such as logos, taglines, music, characters, advertising style, etc. After you have given your franchisees guidelines to follow, monitor everything from their photos and videos to their social media usage to make sure they are following them properly.

Choose the Right Locations

You know what they say; it’s all about location, location, location. And it really is! If you are just starting out building your franchise, choosing the right locations for them is a key decision. Keep the first couple of locations close to home so you can effectively and frequently monitor them. However, you should also keep them far enough apart from each other so as to prevent one unit from taking sales away from another. Finally, make it a priority to visit each location every once in a while, to check in, foster relationships with the managers and employees, and stay in the loop with what is going on at each unit.

Find Mentors

As you know, two heads are always better than one. In this case, three or four heads are even better. Seek out other franchisors to connect with, so that they can give you some guidance and direction when needed. As one business owner, sometimes it can be difficult to look at your company in a subjective way. When this happens, it is important to have mentors who can see the big picture and can give you multiple different opinions from multiple different perspectives. Remember, they’ve already gone through this process. You are just getting started.

Know How You Want to Grow

Every business is unique, and not every company should/can grow the same way. For example, you could take your company international or you could keep it as a franchise within your home state. You need to have an idea of how your business can grow, how you would like it to grow, and how you and your franchisees can achieve that growth. Whatever growth you would like to achieve, remember that steady strategic growth is always ideal.

Support Your Franchisees

Yes, your franchisees are working for you; however, you are also partnering with them to make your franchise as a whole a success. For this reason, communication between you and your franchisees, and form one franchisee to another is vital. If communication is good, guidelines and goals are made clear to the franchisees, and the franchisees can provide guidance and assistance to each other when needed.

You as the franchisor should also be prepared to support your franchisees, whether it be through the giving of advice, providing debt financing for startup costs, equipment, franchise fees, operational costs, etc., or simply serving as guarantors of your franchisees’ loans. Another way in which you could support your franchisees is by making arrangements with leasing companies so they will lease equipment to your franchisees, decreasing their initial startup costs. In whatever way you can, support your franchisees so they will not only have the tools necessary to make their unit a success, but they will also take pride in working for you.

—Entrepreneur.Com

—Forbes.Com

How to Grow Your Franchise

After you have started your franchise, your goal should be to make your company grow. There are countless ways to make a business grow, but here are a few tips for franchisors to help foster growth within their company and each individual franchise unit.

Have a Teacher’s Mindset

You must be in the mindset that you are teaching your franchisees how to run a successful business. This may be their first business venture, and they will need guidance and direction. Every good teacher needs a lesson plan. Your lesson plan will be your business model.

Perfect Your Business Model

Your business model is your lesson plan, and you should be able to teach your franchisees how to copy its success. Because of this, your business model should be clear-cut, easy to follow, and it should have been successful when you used it. You should also continue to work on your business model. Business is always changing, so your methods for doing business should change with it, finding and emphasizing the things that work and getting rid of the things that don’t.

Let Growth Happen Naturally

You don’t need to force growth to happen, in fact, forcing growth could cause new franchises to fail. Instead, you should let the success of your current franchise units convince others to purchase their own, leading to the growth of your business.

Foster Franchise Relationships

Having and maintaining a relationship with your franchisees as well as each franchisee maintaining a relationship with the others is a vital part to your franchise’s growth. Each franchisee should be able to rely on one another and on the franchisor for guidance/assistance. Keeping these lines of communications open will allow franchisees to discuss with one another what works and what doesn’t, leading to a business plan that is based on the combined experiences of multiple franchisees and the franchise owner. Another idea to consider to accomplish this is to create an Owner’s Advisory Committee to facilitate communication between the franchise owner and his committee and the community of franchisees.

Build a Strong Brand Identity

As a small business, your brand identity is key. People need to know who you are in order to spread the word about your business. Make sure building your brand identity is a priority so that your franchise becomes recognizable throughout at least your entire industry. According to Creative Executive Molly St. Louis, there are five steps to building a strong brand identity:

1. Conduct a Thorough Brand Audit
2. Establish Your Unique Value Proposition and Messaging Statements
3. Develop Your Brand’s Creative Elements
4. Implement Strategies to Establish the Brand Identity
5. Analyze and Refine the Brand Identity

First, you must determine where your franchise stands in the industry and in the minds of the market. In addition to this, it is important that you find out who your market is and what businesses you are competing with.

Next, you must identify your company’s foundational philosophies, establishing your mission statement and any other company values. You should also determine your unique value proposition–how your product/service is viewed by the market and how you would like it to be viewed.

Then it’s time to create your brand’s voice–the look and feel of the website, social media, advertising, and packaging. This voice should be distinct and should be reflected through every aspect of the business from colors and fonts to your logo.

After this, execute your plan to build your brand identity by getting your name, your voice, your value proposition, and your message to your market.

Finally, continue to analyze and adjust your brand identity as necessary.

Think Global, but Act Local

It is important to dream big; however, don’t forget about the community around you. Each unit of your franchise is a part of a local community, and each unit should stay in touch with its community by attending local events and investing in local advertising. No matter how each franchisee stays connected to its community, they cannot simply rely on the national marketing from the franchisor as it is not enough to reach some of those smaller communities.

Put Strong Franchise Owners in Your Establishments

You are giving a portion of your business to another person, so it is necessary to bring in strong, wise, and business-minded individuals to own your franchises. These strong franchise owners will take matters of growth into their own hands, and you will be able to supervise from afar because you know you can trust them as franchise owners.

Create Streamlined Processes

Try to create streamlined processes with aspects of the business such as paperwork, billing, and recipes. This will allow or an organized business structure and continuity throughout all franchise units.

Offer Resources and Training

It is important for you, the franchise owner, to give your franchises the tools they need to be successful. That could be proper/additional training or any other resource they may need to grow the franchise.

Emphasize Customer Service

Each franchise unit must be intentional about doing things the right way and treating people the right way. No matter what industry you are in, if you deal with customers, your franchisees need to know the importance of customer service.

Offer Incentives

Offer incentives to your franchisees wanting to acquire multiple units. It would be a safer bet to have a current franchise owner purchase another unit than to have to risk selling to a brand new individual. This is also more affordable, since a current franchise owner would not require as much/any training and less resources than a new owner would. In addition to this, try creating competitions to be the top-seller out of all franchise units. Do things that are enjoyable and good for morale, but also foster an attitude of trying to be the best. This will foster growth and success.

—Entrepreneur.Com

—Franchising.Com

—Inc.Com

The Small Business Administration

The SBA (Small Business Administration) is an organization that assists small businesses in obtaining funding whether that be by looking for government grants, disaster assistance, finding investors, and guaranteeing loans and surety bonds–SBA.Gov. The SBA guarantees loans so that banks are will lend capital to franchisees whom they may have originally deemed to be too risky of a borrower. The question, then, is how does a franchisee obtain a loan backed by the SBA?

First Things First

Before you go looking for a loan, it may be wise to look for startup capital in other places such as from friends & family, investors, and through crowdfunding. If after you have exhausted these wells of capital, begin looking for and comparing different small business loans. When talking to potential lenders, it is important to have a few things prepared:

• Business plan
• Expense report
• Financial projections for the next 5 years

Comparing small business loans before acquiring one is vital to find one that fits your business, your needs, and your ability to pay the loan off. When visiting banks and asking about loans, make sure to ask about such things as:

• Interest Rates
• Minimum Credit Score Requirements
• Cash Flow Requirements
• Prepayment Penalties
• Grace Periods
• If/When the lender can demand full repayment of the loan’s principle

SBA Loan

If you are still unable to acquire your necessary startup capital/if no bank will accept your request for a small business loan, turn to the SBA. Contact the SBA to start the process of finding a lender who will accept your loan request when backed by the SBA guarantee. In order to qualify for an SBA-guaranteed loan, your business must meet the following requirements:

• Must be a registered for-profit business
• Must be located and do business within the United States
• Business owner must invest his/her own time/money into the business
• Business cannot receive funds from any other financial lender

Once you have connected with your local SBA, they will help you get matched with a lender, offering benefits such as comparable rates and fees, continued support after you have received the loan, lower down payments, flexible overhead requirements, and no collateral needed for certain loans. Here are a few items you will need to prepare for your visit with the SBA:

• Business plan
• Amount of funds needed and planned usage of funds
• Credit history
• Collateral (depending on which loan)
• Industry Experience
• Financial Projections

—SBA.gov

ProjectionHub Can Help

Whatever loan you are pursuing, you will need financial projections. ProjectionHub can help with that! Our web application contains numerous projection templates for numerous different business models. We can help you generate up to five years of financial statements, and, if your business model is too specific for our web application or you are in need of more detailed/customized projections, we offer fully customized consulting services to meet your projection needs. Here are a couple of resources for you to use if you are in need of financial projections and would like to utilize the ProjectionHub services:

• Consulting Services
• Custom Revenue Model
• How To Create Financial Projections with ProjectionHub

What is ProjectionHub?

ProjectionHub is a web application that helps entrepreneurs create customizable and easy-to-read financial projections to share with potential investors, lenders, or simply for internal planning. We also offer additional consulting services if your business model is more complex or you would like more customized and detailed projections. See our services page to view all of our offerings!

Need More?

We’ve got that too! With our additional consulting services, we can create custom and detailed financial projections to meet your specific projection needs. We do this in 5 simple steps:

1. We start by asking you a number of questions about your business over email
2. We have a 30 minute phone call with you to ask additional questions and finalize the financial model design
3. We provide an initial draft of the integrated financial model which includes up to 5 years of reports
4. We refine the model based on your feedback
5. The model is finalized and provided in an Excel file that you can easily update and edit as you go

Our projections include 5 years of pro forma income statements, balance sheets, and statements of cash flow, as well as other statements/projections that you may need.

Still Have Questions?

If you have more questions, give us a call! Sign up here for a free 15 minute consultation call with our CPA, Grace Cisna.

We also have a short video that will show you how our consulting services work, and how you can utilize these services to make your business a success!

Finally, if you are in need of any of our services, please fill out the form below to let us know what you need and how ProjectionHub can help you create your customized and detailed financial projections!

According to AAMCO, the auto repair industry is one that generates 63 billion dollars in sales every year! On top of this, not one company controls more than 10% of the market share, allowing for new auto repair shops to enter the scene without having to compete against giant corporations that control the market.

If you are entering the auto repair industry with a shop of your own, you will need to prepare financial projections fo your business to share with lenders and potential investors in order to fund your startup. We can help with that!

ProjectionHub is a web application that allows you to create accurate and customizable financial projections and pro forma financial statements. This blog post will walk you through the process of using our web tool to generate financial projections for your own auto repair shop.

If you would rather have us prepare projections for you, sign up here for a free 15-minute consultation with our CPA, Grace Cisna, or submit an interest form.

1. Sign up for ProjectionHub

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “Auto Repair” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com

2. Add your business info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the Auto Repair Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see a “Auto Repair” Business Model added on this page, you can click the add Business Model button as seen below to add your first auto repair unit.

3. Add your Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your shop.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for auto repair companies that will give you more control in terms of adding assumptions for your sales projections.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of a portion of the Google Sheet below:

4. Add your expense projections

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like:

• Leasehold improvements
• Equipment
• Buildings

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  You can change any of these default expenses to reflect your specific situation.

Some expenses may be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box you can select “Apply Industry Ratios” and then click “Apply”.

5. Add your assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as an auto repair company owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

Next you will be able to add your Machinery And Equipment as an example. You can enter in the details of your assets as seen below:

6. Add your liabilities

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

Then, you can go ahead and insert the details of the loan or other liability that you have acquired.

7. Add investors

Next you can add any personal investment you will be making as well as investment from outside investors.

Then, you can enter your investor’s information and the amount and terms of the investment:

8. Review your financial projection reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple Auto Repair Units

Finally, let’s assume you want to add another auto repair shop in the future.  All you need to do is go back to the “Business Model” page and add another “Auto Repair” business model.  You can then label it Auto Repair–unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!

The tech repair industry is a 19 billion dollar industry with sales being driven by the increased demands for high-priced, technologically complex products.

If you are entering this market with a tech repair business of your own, you will need to have accurate financial projections created to show to potential investors and/or lenders. That’s where we can help!

ProjectionHub has developed a financial modeling template specifically designed for tech repair companies like your’s! This blog post will show you how to utilize our web application to generate your customizable and easy-to-read financial reports and projections.

1. Sign up for ProjectionHub

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “Phone, Tablet, Computer Repair” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com

2. Add your business info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the Tech Repair Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see a “Phone, Tablet, Computer Repair” Business Model added on this page, you can click the add Business Model button as seen below to add your first tech repair unit.

3. Add your Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your store.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for tech repair companies that will give you more control in terms of adding assumptions for your sales projections.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of a portion of the Google Sheet below:

4. Add your expense projections

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like:

• Leasehold improvements
• Equipment
• Buildings

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  Obviously you can change any of these default expenses to reflect your specific situation.

Some expenses may be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box you can select “Apply Industry Ratios” and then click “Apply”.

5. Add your assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as a tech repair company owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

Next you will be able to add your Machinery And Equipment as an example. You can enter in the details of your assets as seen below:

6. Add your liabilities

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

Then, you can go ahead and insert the details of the loan or other liability that you have acquired.

7. Add investors

Next you can add any personal investment you will be making as well as investment from outside investors.

Then, you can enter your investor’s information and the amount and terms of the investment:

8. Review your financial projection reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple Tech Repair Units

Finally, let’s assume you want to add another tech repair store in the future.  All you need to do is go back to the “Business Model” page and add another “Phone, Tablet, Computer Repair” business model.  You can then label it Phone, Tablet, Computer Repair–unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!

At 5 % annually, the home health care service industry is the fastest-growing industry in the United States, according to AMNHealthCare. Now is a great time to launch an In-Home Health Care Service company as the industry’s growth is being spurred by reports of “greater patient satisfaction, greater patient compliance with treatment, and more proactive care”.

We at ProjectionHub.Com have created a financial modeling template specifically for In-Home Health Care Service companies backed by a Google Sheet revenue model that will make your financial projections more customizable and accurate.

This post will show you how to use our web application as a tool to generating your very own financial projections. If you would rather have us prepare projections for you, sign up here for a free 15-minute consultation with our CPA, Grace Cisna, or submit an interest form.

Signup Instructions

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “In-Home Health Care” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com

General Business Info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the In-Home Care Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see an In-Home Health Care Business Model added on this page, you can click the add a Business Model button as seen below to add your first In-Home Care unit.

Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your service.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for In-Home Health Care Services that will give you more control in terms of adding assumptions for your average price and number of patients each month.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of the Google Sheet below:

Expenses

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like equipment.

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  You can change any of these default expenses to reflect your specific situation.

Some expenses will be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box  you can select “Apply Industry Ratios” and then click “Apply”.

Assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as an In-Home Health Service company owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

You can then enter in the details of your assets as seen below:

Loans

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

You can then enter the details and terms of the loan:

Investors

Next you can add any personal investment you will be making as well as investment from outside investors.  Simply go to the investors tab and click “add investor” and choose from our list of potential investor types:

Then, you can enter your investor’s information and the amount and terms of the investment:

Reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your projection Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple In-Home Care Units

Finally, let’s assume you want to start another In-Home Care service in the future.  All you need to do is go back to the “Business Model” page and add another “In-Home Health Care” business model.  You can then label it In_Home Health Care Unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!

As you can see, the beer market has been growing over the past year, and craft beer is a large part of that growth, with craft beer sales growing at an annual rate of 8%! With these numbers, it is clear to see why you would invest in starting your very own brewery.

In order to do this, you will need to create financial projections unique to your business for lenders or investors to view before they decide to take a stake in the company.

ProjectionHub.Com has a financial template specifically for breweries that integrates a Google Sheet revenue model for more customizable and accurate financial projections.

This post will show you step-by-step how to utilize this tool to create your custom financial projections.

Signup Instructions

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “Brewery” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com

General Business Info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the Brewery Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see a Brewery Business Model added on this page, you can click the add Business Model button as seen below to add your first Brewery unit.

Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your brewery.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for Breweries that will give you more control in terms of adding assumptions for your average ticket price and number of customer orders each month.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of the Google Sheet below:

Expenses

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

If you are creating a set of projections for a startup brewery this list of startup expenses and ranges comes from ProBrewer.com.

• Licensing and Permits
• Construction Costs
• Furniture and Fixtures
• Insurance
• Brewery Incubators

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like:

• Leasehold improvements
• Equipment
• Buildings

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  Obviously you can change any of these default expenses to reflect your specific situation.

Some expenses will be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box you can select “Apply Industry Ratios” and then click “Apply”.

Assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as a Brewery owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

You can enter in the details of your assets as seen below:

Loans

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

Investors

Next you can add any personal investment you will be making as well as investment from outside investors.

 

 

 

 

 

 

 

 

 

 

Reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your projection Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple Brewery Units

Finally, let’s assume you want to add another brewery in the future.  All you need to do is go back to the “Business Model” page and add another “Brewery” business model.  You can then label it Brewery Unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!

The incredible growth in smart phone users in the last few years has led to a boom in the mobile app market. The Apple App Store alone has almost 2 million apps while Google owns around 2.2 million of their own. With this market growing, now is a great time to create and sell a mobile app of your own!

To do this, you will need the ability to create financial projections for your app in order for investors and lenders to buy into the idea. We can help with that! ProjectionHub has a financial projection template made specifically for selling a mobile app backed up by a Google Sheet revenue model for more customizable and accurate projections.

This post will take you step-by-step through the process of using the ProjectionHub.Com web application.

You may also be interested in our Mobile App Financial Projection Template here. 

Signup Instructions

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “Mobile App” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com

General Business Info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the Mobile App Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see a Mobile App Business Model added on this page, you can click the add Business Model button as seen below to add your first Mobile App unit.

Mobile App Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your app.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for Mobile Apps that will give you more control in terms of adding assumptions for your average ticket price and number of customer orders each month.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of the Google Sheet below:

Expenses

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

If you are creating a set of projections for a startup Mobile App, this list of startup expenses and ranges comes from MobileAppCost.Com

• Legal
• HR
• Marketing
• Equipment and Software

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like Equipment

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  You can change any of these default expenses to reflect your specific situation.

Some expenses will be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box  you can select “Apply Industry Ratios” and then click “Apply”.

Assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as a Mobile App owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

You can enter in the details of your assets as seen below:

Loans

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

Investors

Next you can add any personal investment you will be making as well as investment from outside investors.

Reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your projection Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple Mobile App Units

Finally, let’s assume you want to create another Mobile App in the future.  All you need to do is go back to the “Business Model” page and add another “Mobile App” business model.  You can then label it Mobile App Unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!

With advancements being made in technology and a greater emphasis being put on convenience, e-commerce is a growing industry with new competitors entering the market on a regular basis. If you choose to take advantage of this growing market and open an e-commerce business, you will need financial projections unique to your business for potential investors and lenders.

ProjectionHub can help you with those projections. Using our web application at ProjectionHub.Com, you can easily create customizable and accurate financial projections to share with the potential stakeholders of your company.

The purpose of this blog is to walk you through the process of using our website to create accurate projections.

Signup Instructions

1. Feel free to learn more about ProjectionHub in general before signing up.
2. You can sign up for a free trial by selecting the “E-commerce” template here.
3. If you have any questions about the model as you go, please email support@projectionhub.com
   

General Business Info

Once you sign up and confirm your account you will be asked to complete some general business info as seen below:

Adding the E-commerce Business Model

Once you save the general business info, you will be able to add a business model.  If you don’t already see an E-commerce Business Model added on this page, you can click the add Business Model button as seen below to add your first E-commerce unit.

Revenue

Next you can click the orange button to Add Revenue to get started with your sales projections.

You will now have 2 options as you see in the image below:

1.  You can click “Add Revenue” which will give you the ability to add projected revenue numbers for each month for your business.
2.  Or you can click “Add Google Sheet Revenue”.  We have created a special Google Spreadsheet template specifically for an E-commerce business that will give you more control in terms of adding assumptions for your average ticket price and number of customer orders each month.
3. If you decide to utilize our Google Sheet template please see this guide on how to enable the Google Sheet Integration.  You can see a screenshot of the Google Sheet below:

Expenses

Once you complete your revenue projections you can move on to your expenses.  There are 2 primary types of expenses:

1.  Startup Expenses
2.  Ongoing Operating Expenses

Some of the items listed as startup expenses should be entered as expenses on month 1 and some are actually cash spent on assets like:

• Leasehold improvements
• Equipment
• Buildings

If you have any of these types of expenses you will want to add them later as an “Asset” instead of an “Expense” on this page.

Operating Expenses

On the Expenses page in ProjectionHub you will be able to add/update your operating expenses.  You will notice that the Expense page will come with a number of standard expense line items along with a default monthly expense for most of the line items.  Obviously you can change any of these default expenses to reflect your specific situation.

Some expenses will be a % of your total sales, instead of a fixed monthly amount.

So as you see in the image above you can click the check boxes next to those expense categories and then in the drop down box you can select “Apply Industry Ratios” and then click “Apply”

Assets

Next you can move on to the assets section.  You will notice that the Assets page comes pre-loaded with the default assets that you might have as an E-commerce business owner.

To add an asset, hover over the row, see the 3 dots on the left of the asset name, hover over, and click edit.

You can enter in the details of your assets as seen below:

Loans

Next you can move to the Liabilities page and add a loan.  If you are going to borrow to help fund your startup costs, you can “Add a Liability” as seen below:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investors

Next you can add any personal investment you will be making as well as investment from outside investors.

 

Reports

Once you enter in all of your assumptions you will be able to review a number of reports.  Here is a sampling of some of the reports, tables below:

On the Dashboard page you will be able to download your projection Income Statement, Balance Sheet and Cash Flow projections to share with your lender or investor.

Adding Multiple E-commerce Units

Finally, let’s assume you want to add another E-commerce business in the future.  All you need to do is go back to the “Business Model” page and add another “E-commerce” business model.  You can then label it E-commerce Unit 2 and you can repeat the process.  You can add as many units as you would like over time.

Again, you can get started by creating a ProjectionHub free trial account today.

As you complete your projections please don’t hesitate to reach out to us with questions at support@projectionhub.com

Good luck!