This is assignment is all-around based on running a small business clothing bran

This is assignment is all-around based on running a small business clothing brand company.
-Filling in the excel spreadsheet with costs.
-Within the Business Model Canvas are building blocks for Cost Structure (Expenses – money going out) and Revenue Streams (money coming in). For this assignment, use the excel document to start formulating your first profit and loss projections. Keep in mind, this is a HUGE task! Projections can be difficult because you’re trying to look into the future (which is unknown) with some sort of accuracy. Some other considerations that come into play, which the Business Model Canvas helps address is what will you charge for your product or service? How many units will you sell (if your product based)? How many customers do you need (if your service based)? What happens if your revenue is less than your expenses? Did you account for enough expense?
One general fact I see is that many entrepreneurs over inflate revenue and underestimate expenses. Although these are projections, be careful to not do this because if your revenue is continuallly less than what was projected and your expenses are continually more than what you projected, it will be very difficult to rebound from that.
there are three tabs on this work sheet: Revenue, Cost of Sales and Expenses. At the bottom of the expense tab, you will see net profit – this is one of the most important aspects of the profit and loss projections!