Catering Business Plan

Step 1 - Read the introduction. Many costs are associated with the startup and growth of a small business. These include startup purchases, fixed and variable costs, and cash reserves. All are components of your accounting records, the documents that are used to classify, analyze, and interpret the financial transactions of an organization. Understanding the numbers and figuring out what it will cost to open your business, keep it going until you reach the break-even point, and begin to turn a profit are significant money matters for your business plan.

Step 2 - Consider the one-time expenses of opening your business. Now, it's time to consider-and record-the one-time expenses of opening your business. For example, have you decided to "donate" your time as you work on getting the business plan written, or will your start-up projections include a salary for yourself? You need to "expect the unexpected" and make a list as you complete your business plan. For a simple business, such as a hot dog stand, the startup investment might look like this: Hot dog cart $2,500 License from the city 200 Business cards and flyers 150 Beginning inventory (hot dogs, ketchup, buns, and so on) 50 Change box and receipts 100 Total start-up investment $3,000

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Step 4 - Complete the start-up cost template. Complete the startup cost template. Record estimations for starting up the business based on your business idea. For purposes of this assignment, identify five to six items. Change the categories in the template to those that would apply to your business. Use a calculator for estimating the figures and for adding up the total start-up costs.

Step 5 - Add a short explanation. After completing the estimations for startup costs, add two to three paragraphs that explain the numbers.

Assignment 3.1: Start-Up Cost Projections Start-Up Investment Checklist Your Company Name Item Estimated Cost Beginning inventory Your time (valued at $_____ per hour) Site improvements (renovation, and so on) Furniture and fixtures Cash registers Computers, software Professional consultants Supplies Deposits Registration fees Memberships Pre-opening salaries Training, conventions, seminars Pre-opening promotions, advertising Contingencies/emergencies (10%) Total Explanation of start-up costs: Assignment 3.1: Start-Up Cost Projections Start-Up Investment Checklist Your Company Name Item Estimated Cost Beginning inventory Your time (valued at $_____ per hour) Site improvements (renovation, and so on) Furniture and fixtures Cash registers Computers, software Professional consultants Supplies Deposits Registration fees Memberships Pre-opening salaries Training, conventions, seminars Pre-opening promotions, advertising Contingencies/emergencies (10%) Total Explanation of start-up costs: