May 2008

Business Expense Chart

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This chart covers the basic startup costs for a massage practice. In this example, it costs between $5,000 and 6,000 to open a practice and another $7,000 to operate it for six months. Ideally, you would have $13,000 plus your personal living expenses before opening your practice. Keep in mind that your actual costs might vary.
Initial Expenses:		Estimated Cost:
Opening Business Checking Account		$100
Telephone Installation		$200
Equipment		$500+
First and Last Month’s Rent and Security Deposit		$1,000
Business Cards		$100
Stationery and Envelopes		$150
Brochure		$250
Logo		$250
Opening Promotion Package (OPTIONAL) ads in local papers, magazines, radio; direct mail, etc.		$1,000
Decorations		$150
Office Supplies		$300
Furniture, Music System, Tapes, Clothes		$500+
Total		$4,500
Annual Expenses:
Property Insurance		$175
Business License		$150
Permits		$175
Liability Insurance		$250
Professional Association Membership		$250
Legal and Accounting Fees		$400
Total		$1,400
Common Monthly Expenses:
Rent	$400 x 6 =	2,400
Utilities	$50 x 6 =	300
Telephone	$75 x 6 =	450
Bank fees	$10 x 6 =	60
Supplies	$50 x 6 =	300
Networking Club Dues	$40 x 6 =	240
Education	$50 x 6 =	300
Promotion	$200 x 6 =	1,200
Internet Access	$20 x 6 =	120
Postage	$20 x 6 =	120
Repair and Maintenance (also cleaning service)	$75 x 6 =	450
Travel Expenses	$30 x 6 =	180
Inventory	$150 x 6 =	900
Business Loan Payments		$?
Personal Draw/Salary		$?
Total 6-Month Budget without Personal Expenses		$7,020