Aim: How can we create a budget outline for our business plan?

Do Now: Turn in last night’s homework!!Create lists for the following for YOUR personal business:1. Materials2. Equipment/Furniture/Appliances3. Approximate number of employees4. Rent estimation

Thursday Dec. 5, 2013

Today and tomorrow…You will complete a worksheet. Certain information you will not be able to fill in until weWork with the laptops next week to research. Therefore, you will estimate, and then revise later.If you have a pencil, please use it!

Mission & VisionMission: What are you seeking to do?

Vision: What is your ideal vision for this business?

Location (Include Square Footage)

Chose a specific location.On Thursday in the Mac Lab, you can research an actual location, that is when you will provide square footage.

Services Offered

What does your business offer?

Ex: SalonManicure/PedicureHaircut/ColorWaxing

Market Research ResultsDid you chose a location that will benefit yourbusiness?

Did you scout the area to make sure there isn’t competition?

You will better be able to answer this Monday during your research, but for now, explain thetype of location that would benefit yourbusiness.

Proposed Start-Up Budget

You will need a certain amount of money to start up your business. On the chart, list the equipment, appliances, and furniture you would need and estimate the costs.

Once again, this may be revised Monday after research

Proposed Monthly Budget

Each month you will have recurring expenses such as rent, materials, paying out employees, etc.

Give details under each service and estimate its cost. Can be revised after research.