Question
Describe how you plan to use the startup requirements in detail providing a start-up budget which includes all initial capital expenditures, build-out and start-up expenses.
Describe how you plan to use the startup requirements in detail providing a start-up budget which includes all initial capital expenditures, build-out and start-up expenses. The details must be realistic and well researched. Data that does not make sense will cost you points. The data is provided -
in Five hundred words -
| START-UP COSTS | Cost ($) | EQUIPMENT/CAPITAL COSTS | Cost ($) |
| Registrations | Business purchase price | $0 | |
| Business name | $24 | Franchise fees | $0 |
| Licences | $24 | Start-up capital | $75,770 |
| Permits | $200 | Plant & equipment | |
| Domain names annually | $15 | Vehicles | $23,750 |
| Trade marks/designs/patents | $275 | Computer hardware/Software | $42,543 |
| Vehicle registration | $592 | Office 365 | $1,032 |
| Tax Registration | $24 | Internet Presence Web Application | $11,000 |
| Membership fees | $0 | Oracle | $27,000 |
| Accountant fees : Per hour | $150 | Intuit | $175 |
| Solicitor fees : Per hour | $150 | Printer | $85 |
| Rental lease cost (Rent advance/deposit) | $8,920 | Router | $99 |
| Utility connections & bonds (Electricity, gas, water) | $0 | Phones/fax Monthly | $135 |
| Phone/Internet connection - One time fee | $500 | Security system Monthly | $250 |
| Computer software | $42,543 | ||
| Training | $0 | Office Furniture | |
| Wages | $16,461 | Chairs | $500 |
| Stock/raw materials | Table | $125 | |
| Insurance | |||
| Building & contents | $250 | ||
| Vehicle | $900 | ||
| Public liability | $500 | ||
| Professional indemnity coverage up to 1 Million | $350 | ||
| Product liability | $250 | ||
| Workers compensation | $500 | ||
| Business assets Ins Monthly | $750 | ||
| Business revenue Ins Monthly | $750 | ||
| Printing - 500 Brochures | $41 | ||
| Stationery & office supplies | $1,100 | ||
| Marketing & advertising | $501 | ||
| Total start-up costs | $75,770 | Total equipment/capital costs | $182,464 |
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Internal Audit Practice From A To Z
Authors: Patrick Onwura Nzechukwu
1st Edition
149874205X, 978-1498742054
