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Example of a Startup Budget w/ Six Month's Operating Expense

My made up business is "Now Hair This" beauty salon

MS Excel - Create a Start up Budget and first 6 months operating expenses for your new Business using MS Excel. The Excel spreadsheet must include at a minimum the specifications listed below:
a. Create two worksheets. The first worksheet should contain your expected expenses for start-up cost. The second worksheet, what you expect it to cost to run your new business for the first 6 months.
b. Name the two worksheets on the tab. The first worksheet should be named "Startup Costs" and the second "6 Month Expenses."
c. Include the following information on the first worksheet:

1. Start up costs you might incur to start your business, such as equipment, supplies, deposits for electric, water, phone, etc. You may make up items and values based on your business.

Must have at a minimum 5 items.
Example: You need 10 laptops and each cost $1,599. Your total would be $15,990 for the computers. Fees to have water turned on might be $250 for a deposit.

2. Formulas for totals of the Startup cost.
3. Appropriate labels to identify all categories, columns, row, totals and other computed values.
4. A multi-row title section at the top of the first worksheet, merging cells as needed. Title should include a title for the worksheet, your name, course and section, and the date.

d. Include the following format for the first worksheet:
1. Column heading cells should have a background color and the text should be in Arial 12 point and bold.
2. Totals should be clearly labeled and the values formatted with dollar signs ($).
3. Title section at top of page should be in Font of choice 14 point, bold and a background color of choice.

e. Include the following information on the second worksheet:
1. Estimated monthly expenses for the first 6 months, such as salaries (don't forget your own salary), electric, water, phone, Internet connection, supplies and anything else you may need.

Must have at a minimum 5 expenses.

Example: You have talked to other business owners in the area and know they spend approximately $275 per month for electricity except in the winter months when it increases to roughly $350 per month. You need to hire 5 employees and you will start them out with different monthly salaries and they range from $2500 to $4600 per month (remember months with 31 days should be a little higher than those with 30 days).

2. Formulas for totals for each month and categories and an overall total for the 6 months.
3. Appropriate labels to identify all categories, columns, rows, totals and other computed values.

f. Include the following format for the second worksheet
1. Column heading cells should have a background color and the text should be in Arial 12 point and bold.
2. Totals should be clearly labeled and the values formatted with dollar signs ($).

g. Ensure your workbook has an appropriate layout that reflects the use of Excel concepts and techniques covered in class.

h. Ensure all choices made add to the creation of a professional, well-designed document and that spelling and grammar are correct.

Solution Preview

Attached, for your review, is a formatted MS Excel spreadsheet ...

Solution Summary

The attached MS Excel spreadsheet a detailed examples for the creation of a Business Startup Budget along with calculations for the determination of a Six Month Operating Expense budget.

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