Minimum Viable Product (MVP)
Setting up your company:
Work out the production for products and services, storage and shipping costs.
Estimated Sale Price - production, storage and shipping costs = Gross Margin.
Gross Margin x monthly sales = Target Earnings = Cost of living plus
Company Expenses plus 20% for taxes. Keep all expenses to a minimum.
So when Target Earnings have run for 6 to 12 months without major problems,
it is time to form your company and do it full time.
During this period it is a good time to learn how to do monthly and annual accounts
on a spreadsheet.
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Offer:
If you need help producing the deliverables for engineering products and services, feel free to get in touch:
Contact:
email: ericsutherland@btws.co.uk
Mobile: +44 777 640 3252
Skype: Eric.Sutherland1
