Writing a Business PlanA new business features two types of expenses: one-time expenses and operating expenses. Estimate these costs and add them to the cash flow statement. Lenders will require actual quotes from approved / certified vendors (for building contractors, franchises, etc).
Your one-time expenses section may include, but are not limited to:
- Contingency expenses
- Downpayment on property or deposit on rent
- Downpayment or deposit on fixtures or equipment (computer, printer, telephones)
- Franchise fees
- Incorporation costs (where applicable)
- Licenses or permits
- Product development costs
- Promotions for opening
- Renovations or leasehold improvements
- Starting inventory
- Utility set-up fees
- Vehicles
Your operating expenses section of your business plan may include, but are not limited to:
- Advertising / marketing
- Bad debts / sales discounts
- Distribution
- Insurance
- Loan payments plus interest
- Maintenance
- Payroll expenses (CPP, EI, WCB)
- Professional fees (lawyer, accountant)
- Raw materials
- Rent / mortgage payments
- Salaries
- Travel
- Utilities
- Management fees
- Vehicle expenses
