Business Basics
» Business Plan: Step Three
Back to Discussion Board
|
This section contains your finance records. If you are just starting your business you would need to do a start-up budget and an operating (yearly) budget (b. and c. on the outline). If you are already running your business, then you would just need to do a yearly operating budget (c on the outline).
5. Financial data: a. Capital and assets – what the value of the business is 1) Money and financing that is available. 2) Equipment and supply list of what is owned. b. Start-up budget – what is needed to start the business. c. Operating budget – estimated yearly or monthly income and expenses. d. Balance sheet – shows that you are making a profit or losing money. e. Break-even analysis – how much income is needed to pay for expenses. Sample Operating Budget. This was written for a center, but homes can use it also, just adjust as needed. Income Tuition (# of children x weekly tuition x #of weeks = income) Infants: __________ __________ ____52____ __________ Toddlers: __________ __________ ____52____ __________ 2 Year olds: __________ __________ ____52____ __________ 3 Year olds: __________ __________ ____52____ __________ 4/5 Year olds: __________ __________ ____52____ __________ S/A part time: __________ __________ ____40____ __________ S/A full time __________ __________ ____12____ __________ Total tuition: __________ Discounts Vacation __________ __________ _____1____ __________ Vacancy: 25% ____________ ____________ ____________ ___________ Discounts __________ __________ __________ __________ Total discounts: __________ Total Fee/Tuition Income __________ (Subtract total discounts from total tuition) Other Income: (# of children x $ amount x frequency = total) Registration Fees: __________ __________ __________ __________ Food Program __________ __________ __________ __________ Fund Raisers __________ __________ __________ __________ Donations __________ __________ __________ __________ Grants __________ __________ __________ __________ Total other income: ___________ Projected Total Income: ____________ Expenses Personnel Personnel – salaries ____________________ Personnel – benefits ____________________ Personnel – FICA/Taxes ____________________ Contractors and substitutes ____________________ Total Personnel Expenses _$__________________ Fixed Expenses Rent/Mortgage ____________________ Equipment Rental ____________________ Dues/Subscriptions ____________________ Insurance ____________________ Property taxes ____________________ Other: ____________________ Total Fixed Expenses _$__________________ Supplies General supplies (office, cleaning, etc.) _____________________ Educational supplies (toys, craft material, etc.) _____________________ Food _____________________ Other: _____________________ Total Supplies _$___________________ Non-Fixed Expenses Staff Development _____________________ Employee Travel _____________________ Communication (telephone, internet) _____________________ Utilities _____________________ Repair and Maintenance _____________________ Advertising/Marketing _____________________ Other: _____________________ Total Non-Fixed Expenses _$___________________ Property and Equipment Buildings & Improvements ______________________ Equipment Replacement ______________________ Furniture/Equipment ______________________ Other: ______________________ Total Property and Equipment _$____________________ Total Expenses _$____________________ Total Income ______________________ Total Expenses ______________________ Total Profit or Loss _$____________________ |
|
|