Preparation for Business Start Up by kle20980

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									                                         Start-Up Expenses
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Start-Up Expenses                        Est. Amount   Notes
                                                               Notes on Preparation
Buildings/Real Estate                                          You may want to print this
Purchase / Lease                                               information to use as reference
Construction                                                   later.To delete these instructions,
                                                               click the border of this text box
Remodeling                                                     and then press the DELETE key.
Leasehold Improvements
Other                                                          Insert values into Yellow cells.
                                                               Orange cells will calculate
Total Buildings/Real Estate              $       -             automatically.

                                                               Nearly everyone who has ever
Capital Equipment List                                         started a business has
Furniture                                                      underestimated the costs, and then
Equipment                                                      faced the danger of running with
                                                               inadequate capital reserves. The
Fixtures                                                       key to avoiding this pitfall is to adopt
Machinery                                                      a rigorous approach to your research
Technology                                                     and planning.
                                                               Our Startup Expenses worksheet will
Other                                                          lead you through the process.
Total Capital Equipment                  $       -
                                                               EXPENSES - Begin by estimating
                                                               expenses. What will it cost you to
Admin Expenses                                                 get your business up and running?
                                                               The key to accuracy here is attention
Corporate Fees, Permits & Taxes                                to detail. For each category of
Real Estate & Utility Deposits                                 expense, draw up a list of everything
Legal and Accounting Fees                                      you will need to purchase. This will
                                                               include both tangible assets (for
Insurance                                                      example, equipment, inventory) and
Salaries & Wages                                               services (for example, remodeling,
Payroll Taxes                                                  insurance). Then determine where
                                                               you might purchase these goods or
Benefits                                                       services. Research more than one
Office Supplies                                                vendor; i.e.: comparison shop. Do
Other                                                          not look at price alone; terms of
                                                               payment, delivery,
Total Location and Admin Expenses        $       -             reliability, and service are also
                                                               important.
Opening Inventory                                              CONTINGENCIES - Add a reserve
Category 1                                                     for contingencies. Be sure to explain
Category 2                                                     in your narrative how you decided on
                                                               the amount you are putting into this
Category 3                                                     reserve.
Total Inventory                          $       -
                                                               WORKING CAPITAL - You cannot
                                                               open with an empty bank account.
Advertising and Promotional Expenses                           You need a cash cushion to meet
Advertising                                                    expenses while the business gets
                                                               going. Eventually you should do a
Signage                                                        12-month cash flow projection. This
Printing                                                       is where you will work out your
Travel, Meals & Entertainment                                  estimate of working capital needs.
                                                               For now, either leave this line blank
Other/Additional Categories                                    or put in your best rough guess. After
                                                               you have done your cash flow, you
Total Advertising/Promotional Expenses                         can come back and enter the
                                         $       -             carefully researched figure.

Other Expenses                                                 SOURCES - Now that you have
                                                               estimated how much capital will be
Other Expense 1                                                needed to start, you should turn your
Other Expense 2                                                attention to the top part of this
Total Other Expenses                                           worksheet. Enter the amounts you
                                         $       -             will put in yourself, how much will be
                                                               injected by partners or investors, and
Reserve for Contingencies                                      how much will be supplied by
                                                               borrowing.

Working Capital                                                COLLATERAL - If you will be using
                                                               this plan to support a bank loan
                                                               request, use the section near the
Summary Statement                                              bottom to show what assets are
                                                               offered as collateral to secure the
                                                               loan, and give your estimate of the
Start-Up Expenses                                              value of these items. Be prepared to
Buildings/Real Estate                    $       -
Capital Equipment                        $       -
Administration Expenses                  $       -
Opening Inventory                        $       -
Advertising/Promotional Expenses         $       -
Other Expenses                           $       -
Contingency Fund                         $       -
Working Capital                          $       -
Total Start-Up Expenses                  $       -

								
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