Home – New Forums New here? Share your story Hello and help :) Reply To: Hello and help :)

#1202601
williamson10
Member
  • Total posts: 22
Up
0
::
Dave – FS Concierge, post: 240315, member: 49676 wrote:
Welcome aboard Lyn!

Because you’re selling a new product, this phase of your business is about testing if the market is hungry for it. Once you have some sales and have some conversations with customers/partners then you’ll be much better informed about where your product fits in the market and can get your pricing right. For now it sounds like you know your basic costs well enough to not lose money during this testing, so well done.

The reason why you’re finding the decision difficult is because there are still too many unknowns to calculate the exact profitability of a future company that really doesn’t exist yet. I’d get started, then re-assess with more data.

Good luck!
Dave

Hi Dave,

Thanks so much for your reply. That makes complete sense! I feel much better about it all now. :)

Thanks again for your time. Much appreciated.

Kind regards,
Lyn