- P&L’s
- Cash Flow and Balance Sheet
- Revs and Forecasts
- Ops
- Insurance
- G&A
- S&M
- Summaries and Recaps
- Etc.
All this stuff has to be looked at. Most importantly though:
Are you offering a warranty you should if you are looking at an OEM program? Does it give the purchasers confidence to buy your product?
Are you offering a warranty that people want to buy if you are offering an extended warranty program? Is it the right coverage at the right price?
Are you offering a maintenance program that insures the business or consumer you are serving can keep on operating?
Yes, you should not be in the business if it doesn’t pencil out so drafting a business plan and in depth financials are important, but why bother penciling it out if your programs won’t sell…
What is your vision to make your warranty program a benefit and how will you differentiate yourself from your competition? What will it look like?
Warranty programs can be powerful….This is where you want to start before you can even put a pencil to the paper with financials.
This month, we will be taking a closer look at some great ideas and what financial questions have to be asked to make them work….
Comments