Business Expenses

Thinking of opening your own shop? There are a lot of things to consider when starting your own business. At the top of your list of considerations should be a budget outlining your estimated expenses. This is the same for any business, not just a metal fabrication or  powder coating shop. In order to be successful, you need to be prepared; forgetting to budget in something important like your quarterly sales tax payment could be the downfall of any start-up! So when getting ready to open your business, take the time to write down any expenses (no matter how small they might seem) ahead of time. At MIT Powder Coatings Online Store we want only success for our customers, we like you guys!

Sample List of Expenses

• Salary/Hourly wages for yourself and any employees you have
• Shop Mortgage/Lease
• Equipment cost (Initial & Maintenance)
• Shop Utilities (those ovens aren’t cheap to run)
• Building Maintenance
• Safety Equipment (Gloves, Goggles, masks, etc)
• Taxes
• Cost of Powder & Masking Supplies
• Marketing Expenses (if you don’t have this, start budgeting for it NOW!)