Founders often have unrealistically optimistic figures – selling prices are set too high, for example, or variable costs, selling prices, sales and marketing costs, as well as personnel expenses are underestimated. This can lead to seriously flawed decision making.
What you should do: use realistic figures in your financial plan. Realistic financial planning is based on understandable assumptions and well-researched values. By developing various scenarios (e.g. best case, realistic case, worst case), opportunities and risks can be better assessed. In addition, making comparisons with industry benchmarks, receiving expert feedback and taking buffer zones into account increase the stability of your planning and ensure it remains viable, even if there are deviations.
Achievable selling prices, variable costs and personnel expenses are particularly important. Take the chosen business model into account: indirect sales via partners can often reduce revenue by 40 to 50 percent per unit, whereas personnel expenses tend to be lower. Make a realistic assessment of mixed forms as well; if you sell directly via an online shop and/or key accounts, for example, and serve smaller customers through partners.