Has to be done, but rarely is. All innovations need to be run through a set of spreadsheets sooner than later and should cover off on forecasted Sales, Expenses, Income Statement (P&L), Cash Flow and Balance Sheet and preferable be interconnected with a Control Sheet at the front to allow you to toggle varying scenarios easily, conservatively and accurately. However, we understand doing this may not be your cup of tea, so we have done a couple of hundred of these and they are actually very very useful to assist you do map out almost one-for-one how your proposed commercialised innovation and or new start-up business will operate. Don’t worry about trying to find one for free online as you will spend so much time trying to find one, then tailoring it to suit what you need and it will be full of flaws because its free and the you beaut version costs a bomb !
This material once developed along with your much needed Market Research is the bulk of your Business Plan or Planning if you need to develop such for yourselves or investors, which of course we can assist you with if need be.
Here we will also consider and develop other business essentials such as Sales or Distribution Agreements, Supplier or Manufacture Agreements and License agreements.