-
Hi Peter,
I think this is a great financial projection, with realistic estimates.
In your calculations, I would also add traveling to the manufacturers. The best time to visit factories is with comments on proto 1, because you then have something tangible to discuss plus you will be able to product develop there on site. Meaning you could work with the team to make improvements, have them create a second proto on the spot. And depending on the product, you could even reach a perfect sample, ready to jump to salesman sample (if they have all the correct materials and trims available) This can save you lots of time and money eventually. A trip to Asia is normally a week long to get all the things done. A trip to Europe at the factory can be 2-3 days to get everything done. In Asia, they also want one or 2 days only for relationship building😊