For the week we have started working on our financials and will continue to do so in the next week. We haven't really gotten the valuation sheet to work for us, so we'll need to ask how to do it in class. For the 1st year though we think our numbers are relatively solid. We were very stingy with sales as we didn't want to overshoot it as we know how hard it is to get a business off the ground. Even with our low sale figures though, our estimates are probably still too high. I really don't think we'd have any sales in the first month but we still put 10 units sold (which is 10 vehicles or 1 small company).
Our 1st year numbers are also sort of skewed because this assumes we have a product when in reality our first year we'd still be working on a prototype and gathering information on our target market and continue testing our market. For the sheet though we just assumed we have our product and factored how many units we'd need to initially buy.
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