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ART STUDIO BUSINESS PLAN COST CALCULATOR

This Section is for One Time Costs Only - DO NOT INCLUDE ONGOING MONTHLY EXPENSES
SECTION 1 - START UP
ONE-TIME START-UP COSTS
Item
1 Purchase Price, Downpayment or Lease Deposit
2 First Month Mortgage or Rent
3 Remodel, Decorating and Preparation
4 Fixtures, Counters, Built-in Work Tables
5 Lighting & Electrical Upgrades
6 Studio Furniture
7 Office Furniture
8 Gallery Furniture
9 Legal & Accounting Fees
10 Licenses and Permits
11 Utilities Heat & Electric Deposits
12 Telephone Deposits
13 Water & Sewer Deposits
14 Cable & Internet Deposits
15 Advertising & Promotion for Opening
16 Computer hardware & Software
17 Business Card & Stationary
18 Signage
19 Office Supplies
20 Studio Materials & Supplies
21 Equipment & Tools
22 Contracted Labor
23 Hourly Labor
24 Website & Domain
25 Miscellaneous & Other
26 Operating Cash
27 Insurance
Total Start-up Costs

Amount
250
175
0
0
0
500
250
600
0
175
75
75
125
50
500
1,200
250
0
250
800
250
0
1,500
0
0
3,500
900
11,425

Cash on Hand
100,000

Balance
99,750
99,575
99,575
99,575
99,575
99,075
98,825
98,225
98,225
98,050
97,975
97,900
97,775
97,725
97,225
96,025
95,775
95,775
95,525
94,725
94,475
94,475
92,975
92,975
92,975
89,475
88,575

DIRECTIONS: Fill in your


dollar amounts ONLY in
the Yellow Columns
Calculations will be done
Automatically.
To change the
dollar amounts in any
Yellow shaded Cell
simply click on cell and
type in new dollar amount
NOTE: Do not Delete any
entry or formula as this
will eliminat the
automatic calculation
process
IMPROTANT: You DO NOT
have to enter a dollar
amount for all cells.
OBJECTIVE: Your goal is
to have the dollar amount
listed in the Blue Cell at
the Bottom of this
spreadsheet not exceed
$100,000

This Section is for Ongoing Monthly Costs - Your One Time Costs Will be Automatically Included.

SECTION 2 - EXPENSES
ON GOING MONTHLY OPERATING EXPENSES
Item
1 Monthly Mortgage or Rent
2 Professional Memberships & Dues
3 Continuing Education Fees
4 Portfolio Costs
5 Printing
6 Postage & Shipping
7 Film, Slide & Digital Image Costs
8 Photographer Fees
9 Exhibit Announcements & Cards
10 Show & Exhibit Production Costs
11 Advertising/Marketing
12 Office Supplies
13 Brushes, Tools & Cleaning Supplies
14 Consumable Studio Supplies
15 Digital Equipment & Software
16 Digital Portfolio CD DVD Storage Costs
17 Framing & Presentation Costs
18 Meals - Business (100% of costs)

Amount
250
25
100
200
0
0
0
0
250
175
225
450
500
200
0
0
25
0

Month 1
250
25
100
200
0
0
0
0
250
175
225
450
500
200
0
0
25
0

Annual
3,000
300
1,200
2,400
0
0
0
0
3,000
2,100
2,700
5,400
6,000
2,400
0
0
300
0

2-Year
6000
600
2400
4800
0
0
0
0
6000
4200
5400
10800
12000
4800
0
0
600
0

3-year
9000
900
3600
7200
0
0
0
0
9000
6300
8100
16200
18000
7200
0
0
900
0

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65

Food & Wine Gallery Openings


0
Gifts - Business ($25 per person limit)
0
Professional Magazines & Books
50
Legal & Accounting Fees
50
Rent & Equipment Repair
0
Modeling Fees & Props
50
Commisions Paid to Agents/Galleries
0
Monthly Heat & Electrical Costs
0
Monthly Phone Costs
50
Monthly Internet & Cable Costs
25
Monthly Website Costs
50
Monthly Water & Sewer Costs
25
Monthly Insurance Costs (Business, Bus Vehicle)
100
Monthly Health Insurance
0
Interest & Principle on Loans & Credit Cards
0
Auto Travel for Museum & Gallery Visits
175
Auto Travel for Client & Business Meetings
0
Auto Travel for Continuing Educaiton
75
Auto Travel for Gallery Interviews (Potential Shows)
0
Auto Travel for Out-of-Town Business Trips
0
Auto Travel for Purchasing Art/Design Supplies
0
Auto Travel for Professional Society Meetings
0
Parking Fees & Tolls
0
Airfare & Auto Rental
0
Van Rental for Moving Artwork
0
Parking
0
Taxi, Train, Bus & Subway
0
Lodging (Do not Combine with Meals)
0
Meals (Enter 100% of Expense)
0
Laundry, Maid & Porter
0
Tolls
0
Telephone Calls (Including calls to home)
0
Paging Services
0
Internet and on-Line Services
0
Pay and Toll Calls
0
Cellular Phone
0
Purchase of Phone & Answering Machine
50
Purchase of Computer & Computer Software
50
Purchase of Press, Easel, Welder, Shop Equipment
75
Purchase of Darkroom Equipment
75
Purchase of Cameras & Lenses (Traditional or Digital)
0
Purchase of Computer Perhpherals
25
Purchase of Framing Apparatus
25
Purchase of Power and Hand Tools
75
Salary of Owner/Manager (Your Pay)
50
All Other Wages, Salaries & Commissions
0
Payroll Taxes or Self-Employment Tax
0
First Month Total Start-Up Expenses
14,900
Annual Total Expenses

0
0
50
50
0
50
0
0
50
25
50
25
100
0
0
175
0
75
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50
50
75
75
0
25
25
75
50
0
0
3,475

0
0
600
600
0
600
0
0
600
300
600
300
1,200
0
0
2,100
0
900
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
600
600
900
900
0
300
300
900
600
0
0

0
0
1200
1200
0
1200
0
0
1200
600
1200
600
2400
0
0
4200
0
1800
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1200
1200
1800
1800
0
600
600
1800
1200
0
0

0
0
1800
1800
0
1800
0
0
1800
900
1800
900
3600
0
0
6300
0
2700
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1800
1800
2700
2700
0
900
900
2700
1800
0
0

56,600
98,300
140,000
YR 1 Exp
YR 1&2 Exp Yr 1 2 3 Exp

This Section is for your Income Monthly projections for Year One. Enter Dollar Amount in First Yellow Column
Second Yellow Column is for year Two Income Increase Projections
Third Yellow Column is for year Three Income Increase Projections
SECTION 3 - REVENUES

ONGOING MONTHLY OPERATING INCOME


Item
1 Monthly Rent Received from Sublets
2 Monthly Net Salary from Employment
3 Monthly Gross Sales of Product
4 Monthly Payments for Services
5 Monthly Payments from Grants
6 Monthly Payments from Tutoring/Lessons
7 Monthly Sales from Fairs/Events
8 Monthly Payments for Lectures
9 Monthly
Anniversary Event
10 Monthly Rental Space
11 Monthly Other/Miscellaneous
12 Monthly Flea Market Sales
13 One Time Sales Income from Product
14 One Time Payments for Services
15 One Time Payments from Grants
16 One Time Payments for Tutoring/Lessons
17 One Time Payments
Adult Night
for Other/Miscellaneous
Classes
18 New Mind Academy Earned Income
19 Payment From Competitions
20
Total Projected Monthly Income

Amount
50
0
75
50
175
0
125
75
200
50
0
75
55
125
1,500
800
125
450
75
0
4,005
Annual Total Income

Month 1
50
0
75
50
175
0
125
75
200
50
0
75
55
125
1,500
800
125
450
75
0
4,005

Type $ Amt
Annual
Amount Inc
600
0
0
0
900
0
600
0
2,100
0
0
0
1,500
0
900
0
2,400
0
600
0
0
0
900
0
660
0
1,500
0
18,000
0
9,600
0
1,500
0
5,400
0
900
0
0
0
52,065
YR 1 Rev

Type $ Amt
2-Year
Amount Inc
1200
0
0
0
1800
0
1200
0
4200
0
0
0
3000
0
1800
0
4800
0
1200
0
0
0
1800
0
1320
0
3000
0
36000
0
19200
0
3000
0
10800
0
1800
0
0
0
100,125
YR 1&2 Rev

3-year
1800
0
2700
1800
6300
0
4500
2700
7200
1800
0
2700
1980
4500
54000
28800
4500
16200
2700
0
148,185
Yr 1 2 3 Rev

This Section Calculates your Balance Sheet. You want to see a positive number by Year Three at the latest. If you do not
See a Positive Number then you Must change your Expenses in Section One and Section Two and/or Increase your
Increase your Income in Section three.
BALANCE SHEET - REVENUE/INCOME LESS EXPENSES
Monthly
Balance by Period

530

Annual
-4,535

2-Year
1,825

3-Year
8,185