Forecasting your revenue streams

LivePlan gives you four ways to forecast revenue streams. You'll choose the type when you set up a revenue stream by clicking the appropriate button:

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Each type of revenue stream is described briefly below. You can choose any of these forecasting models for any revenue stream in your plan.

  • Unit sales: Choose this option if you want to enter the number of units you expect to sell, along with the price for each, and LivePlan will calculate the totals. Retail, manufacturing, and real estate are some industries that often use unit sales revenue streams. 
  • Billable hours: Choose this option if your revenue stream is based on per-hour pricing. This is common for professional services across many industries.
  • Recurring charges: Use our subscription model to calculate the recurring revenue based on new signups, renewals, and cancellations. Software subscriptions and fitness clubs are a couple of examples of recurring charges.
  • Revenue only: With this flexible option, you can calculate the revenue on your own and enter only the totals. Choose this option if you already have a more detailed forecast of your own or need to follow an industry-specific forecasting model. 

A LivePlan forecast is either three or five years in length and can have one, two, three, or five years of monthly detail. The forecast options menu contains these and other forecast settings.

If you need help deciding which revenue streams to add, the LivePlan Assistant can suggest revenue entries based on your company description. 

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For more information on LivePlan Assistant please see this article

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