Sales forecasting is an important step when you are starting a business. It is a prediction of future sales of the business. As I am planning to start an authentic Gujarati Restaurant, I have to plan according to it.

I am calculating my possible sales for the day below.

If I have 15 tables in my restaurant which has a capacity of four people, and if the average dish price is $15. If there is a weekend the counting will be like this if table turns 3 times per night.

15 Tables * 4 customers per table *$15 average dish prize * 3 times = $2700

This could be the sales forecast for the busy weekend evening. It can change too.

From 1^st year to 3^rd year the sales can not be same as there are different certain factors that can affect the sale forecast. The calculations I showed was for the weekend evening. I must calculate estimation of weekdays, quiet evenings and many more. But I can predict the forecast like this. The most important thing is to match your actual sales with the estimates sales and find out the difference between that.

Sales forecast planning also includes different types of inventories I need for the business and how much should I stock up on it. Its all depends on sales my business does. Also, there can be competitors as well from year 1^st to year 3^rd, it is such a long time.

There are many variables I should consider before planning the sales forecast. Before planning sales forecasting, I must check the economic status of the same businesses as me which also includes their past conditions and what economic factors affect the business sales.

Also, one more factor which can affect the sales forecast is global situation. Things happening worldwide can also affect any kind of business. Also, political factors can affect too, or some political rules that can affect sales forecast. These all things should be considered when planning sales forecasting. Also, the market demand is important factor too. One more thing I am adding to this is competition. One should consider competition as a significant variable when planning Sales Forecasting.

Part 1

• Are these considerations feasible? Would you change or add any considerations?
• As a lender (someone lends a sum of money to the company which in exchange commits to pay the lender interest and to repay the principal based on an agreed schedule) to this company, what are some numbers you want this entrepreneur to show you before you make your decision to give them money?

please give me both answers complete