Sample Business Plan Financials for All Industries
Template Profile:
Includes: Businesses With and Without Net Income
Entity Type: Sole Proprietorships
Sector: All Sectors - All Minor Sectors
Industry: All Industries
Number of Returns Used for Estimates: 23,122,698
Terms of Use: The financial information on this page is intended for research and educational purposes only. As a condition of using this website you agree to be solely responsible for the outcome of any decisions you make.
The numbers below are estimates based on IRS Schedule C (Form 1040) filings from 2007, the most recent year available at the time this page was published. Schedule C is used to report income or loss from a business operated or a profession practiced as a sole proprietor. An activity qualifies as a business if the primary purpose for engaging in the activity is for income or profit and an individual is actively and regularly involved in the business. A sporadic activity or a hobby does not qualify as a business and numbers from such activities are not included in this data. Many but not all Schedule C filers are self employed individuals or operate home based businesses.
| Income |
Amount
|
% of Total
|
| Income from Sales & Operations |
56,394
|
98%
|
| Other Business Income |
883
|
2%
|
| Total Income |
57,277
|
100%
|
| Operations Costs |
Amount
|
% of Income
|
| Beginning Inventory |
1,923
|
|
| Cost of labor (not including self) |
1,493
|
|
| Purchases |
11,428
|
|
| Materials and supplies |
2,661
|
|
| Other costs |
2,809
|
|
| - Ending Inventory |
(2,033)
|
|
| = Total Cost of Sales and Operations |
18,280
|
32%
|
| Expenses | ||
| Advertising expenses |
680
|
1%
|
| Car and truck expenses |
3,547
|
6%
|
| Commissions |
630
|
1%
|
| Contract labor |
1,586
|
3%
|
| Depletion |
44
|
0%
|
| Depreciation |
1,715
|
3%
|
| Employee benefit programs |
126
|
0%
|
| Insurance |
834
|
2%
|
| Legal and professional services |
473
|
1%
|
| Meals and entertainment deducted |
331
|
1%
|
| Mortgage interest |
288
|
1%
|
| Other interest paid on business indebtedness |
362
|
1%
|
| Office expenses |
575
|
1%
|
| Pension and profit-sharing plans |
55
|
0%
|
| Rent paid on machinery and equipment |
412
|
1%
|
| Rent paid on other business property |
1,454
|
3%
|
| Repairs |
699
|
1%
|
| Supplies |
1,398
|
2%
|
| Salaries and wages |
3,433
|
6%
|
| Taxes paid |
786
|
1%
|
| Travel |
568
|
1%
|
| Utilities |
1,075
|
2%
|
| Other business deductions |
5,169
|
9%
|
| Home office business deductions, total |
485
|
1%
|
| Depreciation, Form |
62
|
0%
|
| Casualty loss |
4
|
0%
|
| Excess--casualty depreciations |
53
|
0%
|
| Total Deductions |
45,165
|
79%
|
| Net income |
12,133
|
21%
|
Note: Use of this website and the information herein is subject to the terms of use listed on this page and in the Terms of Use section of the website. Data does not always sum to 100% due to rounding. Any number marked with *asterisk (if any) should be should be used with caution because of the small number of sample returns on which it is based.
