Analyzing the production practices, the economics, and the marketing of a new enterprise can be a challenging task. Production information, budgets, and market sources may not be readily available. The six factors are Profitability, Resources, Information, Marketing, Enthusiasm, and Risk. The Profitability worksheets can help develop an enterprise budget along with annual and long run cash flow estimates . The Resources worksheet asks for an inventory of physical assets as well as managerial and labor resources.
New enterprises have new activities schedules and labor demands.
The Resources worksheet asks for a labor flow which may be as important as cash flow. The Information worksheet is to help put together the knowledge base that new opportunities require. Remember, the more unusual the enterprise, the harder information will be to find. Marketing is the key to success or failure of any new business endeavor. In the past we sold farm products.