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Establishing budget

The establishing budget shows how much money you need to start up your business. You could also call it a start budget

The total establishing budget is the sum of money you will need to find to start your company. These amount you need to find financing to.

There is a huge difference in what individual businesses need during the startup phase.

A business which produces steel bridges needs large sums of money to purchase machinery, raw materials and buildings, while an software consultant who solves infrastructure problems for small companies basically only needs the knowledge he already possesses.

Expenses in an establishing budget

Premises

  • Rent
  • Deposit for purchase of premises or business
  • Deposit (e.g. 3 months rent)
  • Goodwill - payment to the former owner for his work at the premises
  • Furnishing and renovation

Production equipment

  • Machinery
  • Tools

Shop fittings

  • Cash register
  • Counter

Office fittings

  • Furniture (desk, swivel chair, shelves etc.)
  • Computer (printer, network)
  • Telephone
  • Copying machine

Purchase before start

  • Raw materials/semi manufactured
  • Manufactured goods (stock)
  • Stationery

Car

  • Deposit
  • Other acquisition costs

Counsellors

  • Lawyer
  • Accountant
  • Other

Marketing

  •  Writing paper, business cards
  • Brochures
  • Advertisement
  • Website
  • Opening reception

Other expenses

  • Application for a patent/registration
  • Other things

Download

The establishing budget is a snapshot of the cost you get before you can start operating your company.

Download template to establishing budget in Download center


The road to success is always under construction.
- Arnold Palmer, amerikansk golfspiller

 

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Financing for start-ups
3 important budgets
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Operating budget
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