Startup Expenses Enter your company name here Sources of Capital Owners' Investment (name and percent ownership) Your name and percent ownership - $ Other investo r - Other investo r - Other investo r - Total Investment - $ Bank Loans Bank 1 - $ Bank 2 - Bank 3 - Bank 4 - Total Bank Loans - $ Other Loans Source 1 - $ Source 2 - Total Other Loans - $ Startup Expenses Buildings/Real Estate Purchase - $ Construction - Remodeling - Other - Total Buildings/Real Estate - $ Leasehold Improvements Item 1 - $ Item 2 - Item 3 - Item 4 - Total Leasehold Improvements - $ Capital Equipment List Furniture - $ Equipment - Fixtures - Machiner y - Other - Total Capital Equipment - $ Location and Admin Expenses Rental - $ Utility deposit s - Legal and accounting fees - Prepaid insurance - Notes on Preparation Note: You may want to print this information to use as reference lat e these instructions, click the border of this text box and then press t h key. Nearly everyone who has ever started a business has underestima t and then faced the danger of running ... more. less.
with inadequate capital reser v to avoiding this pitfall is to adopt a rigorous approach to your resea r planning. Our Startup Expenses worksheet will lead you through the process.<br><br> EXPENSES - Begin by estimating expenses. What will it cost you t o business up and running? The key to accuracy here is attention to d each category of expense, draw up a list of everything you will nee d This will include both tangible assets (for example, equipment, inve n services (for example, remodeling, insurance).<br><br> Then determine wh e purchase these goods or services. Research more than one vendo r comparison shop. Do not look at price alone; terms of payment, de reliability, and service are also important.<br><br> CONTINGENCIES - Add a reserve for contingencies. Be sure to e x narrative how you decided on the amount you are putting into this r e WORKING CAPITAL - You cannot open with an empty bank accou n a cash cushion to meet expenses while the business gets going. E v should do a 12-month cash flow projection.<br><br> This is where you will w o estimate of working capital needs. For now, either leave this line bl a your best rough guess. After you have done your cash flow, you ca n and enter the carefully researched figure.<br><br> SOURCES - Now that you have estimated how much capital will be start, you should turn your attention to the top part of this workshee t amounts you will put in yourself, how much will be injected by partn e investors, and how much will be supplied by borrowing. COLLATERAL - If you will be using this plan to support a bank loan the section near the bottom to show what assets are offered as coll a secure the loan, and give your estimate of the value of these items. to offer some proof of your estimates of collateral values.<br><br> Pre-opening salaries - Other - Total Location and Admin Expenses - $ Opening Inventory Category 1 - $ Category 2 - Category 3 - Category 4 - Category 5 - Total Inventory - $ Advertising and Promotional Expenses A dvertising - $ Signage - Printing - Travel/entertainment - Other/additional categories - Total Advertising/Promotional Expenses - $ Other Expenses Other expense 1 - $ Other expense 2 - Total Other Expenses - $ Reserve for Contingencies - $ Working Capital - $ Summar y Statement Sources of Capital Owners' and other investments - $ Bank loans - Other loans - Total Source of Funds - $ Startup Expenses Buildings/real estate - $ Leasehold improvements - Capital equipmen t - Location/administration expenses - Opening inventor y - A dvertising/promotional expenses - Other expenses - Contingency fund - Working capital - Total Startup Expenses - $ Security and Collateral for Loan Proposal Collateral for Loans V alueDescription Real estate $ 120,000 Residence at Main St., Seattle, WA Other collateral - Other collateral - Other collateral - Owners Your name here Other owner Other owner Loan Guarantors (other than owners) Loan guarantor 1 Loan guarantor 2 Loan guarantor 3 o n to use as reference later.To delete e xt box and then press the DELETE u siness has underestimated the costs, i nadequate capital reserves. The key s approach to your research and y ou through the process. e s.<br><br> What will it cost you to get your u racy here is attention to detail. For f everything you will need to purchase. x ample, equipment, inventory) and ce).<br><br> Then determine where you might c h more than one vendor; i.e.: n e; terms of payment, delivery, t ingencies. Be sure to explain in your y ou are putting into this reserve. ith an empty bank account.<br><br> You need e business gets going. Eventually you . This is where you will work out your w , either leave this line blank or put in e your cash flow, you can come back how much capital will be needed to t op part of this worksheet.<br><br> Enter the h will be injected by partners or b y borrowing. a n to support a bank loan request, use a ssets are offered as collateral to the value of these items. Be prepared l lateral values.<br><br>