Startup Budget

January 14, 2021

This spreadsheet calculates the capital needed to start your business and then monitor expenditure
It adds up the initial one time costs and the ongoing monthly costs
You should ensure you have sufficient intial capital to cover costs for several months
Replace the figures in this illustration with your own

Budget Costs Actual Costs

Cash Needed % of Actual Cash % of % of
Ongoing Monthly Costs to Start Total Spent Total Variance Total

Salary of owner-manager £7,000 15.6% £7,000 14.8% £0

All other salaries and wages £7,000 15.6% £7,100 15.0% (£100) 3.8%
Rent £1,000 2.2% £900 1.9% £100 -3.8%
Advertising £2,000 4.5% £2,000 4.2% £0
Delivery expense £400 0.9% £1,000 2.1% (£600) 22.6%
Supplies £500 1.1% £1,500 3.2% (£1,000) 37.6%
Telephone £500 1.1% £500 1.1% £0
Other utilities £500 1.1% £760 1.6% (£260) 9.8%
Insurance £600 1.3% £600 1.3% £0
Tax & National Insurance £1,000 2.2% £1,000 2.1% £0
Interest on loans £500 1.1% £500 1.1% £0
Maintenance £300 0.7% £300 0.6% £0
Legal and other professional fees £3,000 6.7% £3,300 7.0% (£300) 11.3%
Miscellaneous £500 1.1% £500 1.1% £0
Subtotal £24,800 55.4% £26,960 56.9% (£2,160) 81.2%

Cash Needed % of Actual Cash % of % of

Initial One Off Costs to Start Total Spent Total Variance Total

Fixtures and Equipment £10,000 22.3% £11,000 23.2% (£1,000) 37.6%

Decorating and refitting £1,000 2.2% £1,200 2.5% (£200) 7.5%
Installation charges £500 1.1% £600 1.3% (£100) 3.8%
Starting inventory £5,000 11.2% £4,000 8.4% £1,000 -37.6%
Deposits for rent and utilities £1,000 2.2% £1,200 2.5% (£200) 7.5%
Legal and other professional fees £500 1.1% £500 1.1% £0
Licenses and permits £500 1.1% £500 1.1% £0
Advertising and promotion for opening £500 1.1% £500 1.1% £0
Cash £750 1.7% £750 1.6% £0
Other £200 0.4% £200 0.4% £0
Subtotal £19,950 44.6% £20,450 43.1% (£500) 18.8%

Totals £44,750 100% £47,410 100% (£2,660) 100%