Small Business Forum
 
Home


Go Back   Small Business Forum > STARTING A BUSINESS > 04 - The Business Plan
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read




04 - The Business Plan Writing & Using a Business Plan

Reply
 
Thread Tools Display Modes
  #1  
Old 05-04-2017, 09:11 PM
gib99 gib99 is offline
Registered User
 
Join Date: Feb 2006
Posts: 5
Default requesting advise on starting a business plan

Hello,

I'm a contractor who owns a business in Calgary, Alberta, Canada. I develop software.

I started my business on Jan. 25 2016, and it survived on one client for a little over a year after which point the client hired me on full time as an employee. I still own the business but it is in a dormant state right now.

For that year, I was classified as a personal services business which means for all practical purposes I was indistinguishable from an ordinary employee--I'd come in at 8:00, I'd have a desk, a computer, phone, internet, I'd do my work, and then leave at 5:00. They would supply me with everything I needed: power, internet, rent, equipment, etc. which is what separates me from a small business.

For the next year or so, I want to develop a business plan so that I can resurrect my business and diversify. My goal is to become an independently operating small business within about 2 years.

I sought out a forum like this one for advice and learning.

So far I've come up with a very rudimentary list of expenses I anticipate paying as a small business. This is by no means exhaustive nor accurate. I basically ball parked the numbers, and I'm not even sure everything on the list will be included:

-rent: $2,000/month
-power: $100/month
-phone: $100/month
-internet: $100/month
-marketing: $5,000/month
-gas/travel: $500/month
-accounting: $500/month
-IT Support: $1000/month

This is assuming a few things:

1) That I will work out of an office. I'm not sure I will need to do this, at least not at first. From what I understand, I can deduct half my rent if I work out of home (in Canada). Same for utilities and such.

2) I will have no employees at first. It will all be me. Marketing, IT support, accounting--all these things will be outsourced at first (my place of employment right now pays a flat monthly rate for their IT support; this would be very convenient for me).

3) I can separate the basic cost of operations from that of specific projects/clients. For example, suppose I rent out some space on AWS or Azure for a web application a client wants me to develop. I would include that in what I charge the client, not my operating costs, so I wouldn't include it in the list above.

I'm sure there's a whole lot I'm leaving out (some on purpose, some because I'm not thinking of it), but that's why I'm here. I want the help and knowledge of others with way more experience than me. This is just a place to begin. I want to flesh this out.

Is there anything you would add or change? Looking forward to your feedback.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:32 AM.


Powered by vBulletin Copyright 2011 vBulletin Solutions, Inc. All rights reserved.