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Industrial Gas Business Plan Start-up Cost Analysis

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Industrial Gas Business Plan Start-up Cost Analysis – Every thing about industrial gas business plan start-up cost analysis is here. Start-up expenses re those expenses you must incurre before or during time of business initial running. In fact, if you underestimate start-up costs, you will start your business in a haphazard, unplanned way.

As a matter of fact, Business Start-up Cost analysis or artiulation is very inportant while planning to start business. They re costs attached to significant stages or events in the development stage of your business. Industrial Gas Business Plan Start-up cost analysis is most important for your business smooth take off. These re financial cost attatchement to production processes , equipment, administration, marketing etc. while planning your business. They re cost articulations that relate to industrial gas business plan, industrial gas refilling business in nigeria, mini industrial gas plant, LPG gas business plan, gas supply business plan, industrial gas plant design, small scale or large scale industrial or cooking gas plant business in Nigeris.

Industrial Gas Business Plan Start-up Cost Analysis

As a matter of fact, before you start any business that relate to cooking gas and its accesseries you have to seat down and make the calculations that would help you build your business plan. No matter the type of business plan you want to do, these are necesary. You could do a 5-page, comprehencive, or customized busines plan, but this has to be done.

Incidentally, this article is necessitated by constant calls and mails asking what shall I do? how do I go about this? If you re one of those who want to start this business or in fact any business, this procedure is important. This article is good for start-up business men/women, fellow consultants who write business plan for others, researchers and students of relevant related courses like accounting, management, economics etc. Just read on.

Industrial Gas Business Plan Start-up Cost Analysis

On the other hand, industrial Gas Business Plan Start-up cost analysis listed here re general ones, your business location, capacity/size etc. will certainly influence what should be there.

Importantly, one particular thing you must do is to keep good records of your expenses. In doing that you have to classify your expenses into Fixed assets expenses (CAPEX) and administrative/operating expenses (OPEX). While fixed assets will live long in the operation, the operating expenses will not. On this you have to note those expenses you can bear/write-off immediately through your income statement, and those that look like operating expenses but for which the company will continue to enjoy for some time to come and capitalise them. For instance, the cost for registration of company with CAC, licences (where permanent), re to be capitalised and amortised over some years ahead.

Consequently, Industrial Gas Business Plan Start-up cost analysis is what you must do now. So let’s go on.

The Fee for registering the business
Cost of equipment and installations
Legal expenses for obtaining licenses and permits
Accounting services (software, P.O.S machines and other software)
Marketing promotion expenses for the grand opening
Cost for hiring Business Consultant
Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium
Cost for payment of rent for 12 month and renovation inclusive
Other start-up expenses including stationery and phone and utility deposits

Industrial Gas Business Plan Start-up Cost Analysis

In addition:

Operational cost for first 3 months (salaries of employees, payments of bills et al)
The cost for Start-up inventory (Liquified gas, gas cylinders, and accessories et al)
Cost for store equipment (cash register, security, ventilation, signage)
Cost of purchase of a distribution truck (fairly used)
The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, Fax Machines, tables and chairs et al)
Official Website design cost
The cost for opening party
Miscellaneous – Very important, to take care of those items you might forget.

How do I go about some of these thing?

As a matter of fact, if this is your question now, you re welcome. We offer you shoulders to lean on. You therefore, have to be practical now in order to ensure your profit and happiness. We will help you achieve this.

Complete Full Marks Consultants Limited is a firm of Chartered Accountants, auditing, taxation and management consultants. The customised business plan we will write for you will cover all of these costs. We will do the researc/survey ourselves and put the figures down for you.

In addition, we will help you register your business/company with CAC, handle your tax matters with FIRS or SIRS, Do your business plan, do your accounting, auditing as external auditors or for your internal control management. Look, we will get your PENCOM. ITF, NSITF compliance certificates for your contract bidding.

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Industrial Gas Business Plan Start-up Cost Analysis

Ane

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.