It is not a easy task to introduce your first product in the market, specially when you are not aware of the situation. I believe in scientific approach instead of just following the gut. So here are some of the spreadsheets that will enable you to make wise decisions and understand the risks involved in while launching along with feasibility,simulation and decision making process.
The first part of this sheet is description and i would suggest you to go through it as you will be able to understand how things work in it.The another tab of financial analysis will help you determine whether that product will be profitable after reducing costs and other non performing money outflows. The third one is the development process sheet where other phases are taken care of such as the technical feasibility and the manufacturbility along with marketability, then there is a simulation which is actually a result of all the data that you have filled in and it will suggest whether your new product launch is going to fly..This very sheet will help you do a lot. I am really happy that i found this, thanks to the author.
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Answer and know will you keep up with production .
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Determine whether you are and will be able to cope up with the production. You have to simple answer 12 questions in 3 different categories. It gives you score from 1-10 scale.You have to spread the cells in scoring criteria to enter values.This will show results on next tab as charts.
Break even analysis tool : a breather for startups
This allows user to find the exact price where they are at break even that means no profit no loss situation. It is very important for every business to know this.if you are launching a new item then it might help you.
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