Business Planning Worksheet For a Personal trainer.

Business Structure: State the type of Business Structure you currently have in place, or will put in place, for a business you own or work at (sole proprietorship, partnership, limited partnership, LLC or Corporation) and the reason for choice: Product Description: briefly describe the main product(s)/service(s) that you plan to sell: Price Per Unit: List the price per unit of your product/services. If there are multiple products/services/price levels, use the average: Direct Costs: What are the Direct Costs that are (or will be) associated with producing your products? how much does it cost to produce each unit? Where do these costs come from? (supplies, materials, etc.). Explain below: Indirect Costs: What are the Indirect Costs associated with running your business (otherwise known as overhead costs like utilities etc.)? List them below: Determining Potential Profits: In order to determine profit, you look at Sales minus the Cost of Goods Sold to determine Gross Margin. Projected Sales (price per unit x the number of units to be sold)- Costs of Goods Sold (cost per unit x the of units sold) = Gross Margin. Determine your Gross Margin below (use estimates as necessary): You then subtract Expenses from the Gross Margin to determine the profit (Gross Margin- Expenses= Profit). Determine the Profit below (use estimates if necessary): Accounting Software: research and determine which Accounting software product (e.g., Quickbooks, Sage 50, XERO) will be best for your business. Explain the reason for your choice below:

· If you would like to tailor this assignment to better match your current business goals and position, please contact your professor to discuss.