Connect with us


Personal Goals Worksheet

Setting goals gives you an ongoing road map for success.




Personal Goals

Personal Goals Worksheet

Completing this worksheet can also offer a great direction for which type of business you would be best suited to start.


  • Answer the following questions as honestly and realistically as possible.
Personal Goals Worksheet
1. The most important reason for being in business for myself is:

2. What I like best about being in business for myself is:

3. Within five years I would like my business to be:

4. When I look back over the past five years of my career I feel:

5. My financial condition as of today is:

6. I feel the next thing I must do about my business is:

7. The most important part of my business is (or will be):

8.   The area of my business I really excel in is:

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.


Start-Up Costs Worksheet

The following two worksheets will help you to compute the initial cash requirements for your business.





Start-Up Costs Worksheet:


  • These two worksheets list the things you need to consider whendetermining your start-up costs.
  • The first worksheets includes the one-time initialcosts needed to open your doors.
  • The second worksheet covers ongoing costs you’ll face eachmonth.

Capital Requirements: One-Off Start-Up Expenses

Start-up Expenses Amount Description
Advertising Promotion for opening the business
Starting inventory Amount of inventory required to open
Building construction Amount per contractor quote and other
Cash Amount needed for the cash register
Decorating Estimate based on quote if appropriate
Deposits Check with utility companies
Fixtures and equipment Use actual quotes
Insurance Quote from insurance agent
Lease payments Fee to be paid before opening
Licenses and permits Check with city or municipal offices
Miscellaneous All other
Professional fees Include CPA, attorney, etc.
Remodeling Use contractor quotes
Rent Fee to be paid before opening
Services Cleaning, accounting, etc.
Signs Use contractor quotes
Supplies Office, cleaning, etc. supplies
Unanticipated expenses Include an amount for the unexpected
Total Start-up Costs Amount of costs before opening

Capital Requirements: Ongoing Monthly Expenses

Start-Up Expenses Amount Description
Bank service fees
Credit card charges
Delivery fees
Dues and subscriptions
Health insurance Exclude amount on preceding page
Insurance Exclude amount on preceding page
Lease payments Exclude amount on preceding page
Loan payments Principal and interest payments
Office expenses Payroll other than owner
Payroll taxes
Professional fees
Rent Exclude amount on preceding page
Repairs and maintenance
Sales tax
Your Salary If applicable for first three months
Total Ongoing Costs
Total Start-up Costs Amount from preceding table
Total Cash Needed

*Include the first three months’ cash needs unless otherwise noted.
**Include amount required for inventory expansion.

If inventory is to be replaced from cash sales, do not include here. Assume sales will generate enough cash for replacements.

Continue Reading


Conduct a Personal Evaluation

Thinking of starting a business, but not sure which path to follow. Take a few minutes to do a personal evaluation of your goals and resources.





Take a few minutes to do a personal inventory of your goals and resources. Think about what it is that really lights your fire. Passion is a driving force in our lives, and that’s never as true as in business ownership. If you have a passion for your work, it’ll carry you far.

If you need help assembling this personal evaluation information, sit down with a trusted friend, an advisor, your spouse or someone you know with business experience, and outline your resources, strengths and weaknesses, as well as your financial resources. Talk through the concept and listen carefully. You need a reality check here. Don’t necessarily accept what you hear, but take it into account.

  1. What type of business activities play to your strengths?
  2. Can your advisor see you pursuing a certain type of business?
  3. Would you be better suited for a business-to-business sales situation or a retail setup?
  4. Are you good with people, a good public speaker?
  5. Are you detail-oriented?
  6. Can you afford to run a business?
  7. Can you afford to fail?
  8. What’s your level of risk tolerance?

This information will be very helpful when you start to narrow your business search. By maintaining a clear focus on your fundamental interests, you won’t be pulled off-track by the distractions you encounter during your quest.

Continue Reading


Mission Statement Worksheet

To develop an effective mission statement, ask yourself these three questions:




Paper and highlighters

Mission Statement Worksheet:

Are you starting a new business?
If so, you’ll have to develop an effective mission statement.


To do so, work through these steps:

1. Why does our company exist? Who do we serve? What is our purpose?

2. What are our strengths, weaknesses, opportunities and threats?

3. List three ideas based on your special niche (e.g. affordablechildren’s special occasion clothes, exclusive designs for the smallrestauranteur, aromatherapy for the office environment):

4. What is important to us? What do we stand for?

Now that you’ve answered those questions, you are ready to write your own mission statement.

Use the area below:

Continue Reading



Recent Posts

Follow Us

We respect your privacy. 
* indicates required.