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Startup Worksheets for Clients

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									                       lnitial Cash Requirement for the New Business
Start-up Dollars Needed
                                            AMOUNT                Amount Descriptlon
Advertising                                            Promotion for opening the business
Beginning inventory                                    Amount of inventory needed to open
Building construction                                  The amount per contractor bid and other
Cash                                                   Requirements for the cash register
Deposits                                               Check with utility and telephone companies
Fixtures and equipment                                 Use actual bid
lnstalling fixtures/equipment/furnishings              Use actual bids
lnsurance                                              Bid from insurance agent
Lease payment                                          Amount to be paid before opening
Licenses and permits                                   Check with city or state offices
Professional fees                                      lnclude CPA, attorney, engineer, etc.
Remodeling / Renovations                               The amount per contactor bid and other
Rent                                                   Amount to be paid before opening
Services                                               Any outside service
Signs                                                  The amount per contractor bid and other
Supplies                                               Office, cleaning, etc. supplies
Unanticipated expenses                                 lnclude an amount for the unexpected
Miscellaneous
TOTAL START-UP DOLLARS                               0 Total amount of costs before opening

Monthly Repeating Expenses
Advertising
Bank service charges
Credit card fees
Delivery charges
Dues and subscriptions
Health insurance
* lnsurance
lnventory                                              Amount for expanding and replenishing inventory
* Lease payments
* Loan payments (Principal & lnterest)
Office expense
* Payroll other than owner or manager
Payroll taxes
Professional fees
* Rent
Repairs and maintenance
* Salary of owner
Supplies
* Telephone
* Utilities
Miscellaneous
Total Repeating Expenses
TOTAL CASH NEEDED AT STARTUP =
    STARTUP DOLLARS
    + ALLOWANCE FOR FIXED COSTS
TOTAL CASH NEEDED                                      Consider 3 Months of Core Fixed Costs
Cash Flow Statement (Bank may require 3 years of projections.)



Month #               Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12   Total
Sales
Other Income
Total Income
Cost of Goods Sold
Gross Income

Cash Expenses
Owner's Salary
Other Salaries
Payroll Taxes
Cable
Advertising
Alarm
Exterminator
Insurance
Office Supplies
Accounting
Uniforms
Utilities
Knifes
POS/Credit Card
Telephone
Carting
Debt Service
Total Expenses              0

Net Cash Flow

Beg Cash Balance

Ending Cash Balance
        Sources and Uses of Funds
Investment Capital
Investment by Owner
  Cash
  Othet Assets
Investment by Others
Debt Capital

Bank Business loan
Bank Personal Loan
SBA Guaranteed Loan
Other Loans
Total

Application of Funds
Rent & Secutity Deposits
Equipment/Fixtures
Leasehold Improvements
Initial Inventory
Working Capital
Insurance
Professional Fees
Advertising
Signage
Contingency Reserve
Total
Profit and Loss Statement
                             Month 1   Month 2   Month 3   Month 4   Month 5   Month 6   Month 7
Income
Gross Sales
Less returns/allowances
Net Sales
Less Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Bad debts
Bank charges
Credit card fees
Depreciation
Dues & Subscriptions
Insurance
Interest
Maintenance & Repairs
Postage & Supplies
Rent
Salaries & Wages
Payroll Taxes
Taxes
Telephone
Travel & Entertainment
Utilities-Heat
Utilities
Other operating costs
Total Expenses
Profit/(Loss) before taxes
Income Tax expense
Net profit/(loss)
Month 8   Month 9   Month 10 Month 11 Month 12   Total
Balance Sheet

As of
        Current Assets
Cash
Accounts Receivable
Inventories
Prepaid Expenses
Other Current Assets
Total Current Assets
       Fixed Assets
Land
Leasehold improvements
Equipment
Vehicles
Other fixed assets
Sub-total fixed assets Less
Accum. depreciation
Total Fixed Assets
Total Assets
   Current Liabilities
Accounts payable
Current portion LTD
Accrued expenses
Other current liabilities
Total Current Liabilities
LTD net of current
Owner’s Equity
Paid-in capital
Retained earnings
Total Owner’s Equity
Total Liabilities & Equity
Profit and Loss Statement
                             Year 1   Year 2   Year 3   Year 4   Year 5
Income
Gross Sales
Less returns/allowances
Net Sales
Less Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Bad debts
Bank charges
Credit card fees
Depreciation
Dues & Subscriptions
Insurance
Interest
Maintenance & Repairs
Postage & Supplies
Rent
Salaries & Wages
Payroll Taxes
Taxes
Telephone
Travel & Entertainment
Utilities-Heat
Utilities
Other operating costs
Total Expenses
Profit/(Loss) before taxes
Income Tax expense
Net profit/(loss)

								
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