Business planning, profit model

I attended the first class in Fleche Xeno's workshop series. I was a bit impressed. More was going on then I had expected. Serious stuff! The first thing that we did was open up an excel spreadsheet on google docs. The participants went through sales logs and identified how many products we sell per week, and how much money we make in a week with in- world sales only. From there, we went over how much land we use and its tier cost, event costs, traffic costs, advertisements, and more. In the end, we had an excel document with formulas projecting weekly profits in different scenarios and identifying where we would start losing money. The class continued on outlining marketing strategies and comparing them to the results from our spreadsheets. From Dedric Mauriac via bloghud.com