Here is another simple example: the starting costs worksheet that Magda developed for the restaurant I used for a sample sales forecast.Tags: Online Thesis Search ResultsCaderousse EssayHow To Write An Exit Strategy For A Business PlanConsumer Behavior Research Paper TopicsAn Essay About The Greek Mathematician Pythagoras6th Grade Research Paper Lesson PlansA Beginner'S Guide To Critical Thinking And Writing In Health And Social Care
Many entrepreneurs are unemployed or underemployed, and have lots of time but very little money.
In that case, you must be judicial about the level of service you will need from a consultant.
Magda could have chosen to plan startup expenses as a running worksheet on expenses, starting a few months before launch, as in the illustration below.
The launch in this case is early January, so the expenses for October through December are startup expenses.
Starting costs set up a starting balance, which is necessary to plan cash flow.
And the starting costs are critical to determining whether a startup can bootstrap or needs outside funding.
So the spending you do for rent and salaries and such, before launch, is part of the flow, as above.
Also, Live Plan has its own guided way of helping you figure out what assets you need, how much they cost, and how you are going to finance starting costs, to set up your balance.
Breaking the items down into a practical list makes the educated guess a lot easier.
Ideally, you know the business you want to start, you are already familiar with the industry, so you can do a useful estimate for most of the startup costs from your own experience.