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STUDIO BUSINESS PLAN COST CALCULATOR This Section is for One Time Costs Only - DO NOT INCLUDE ONGOING MONTHLY EXPENSES SECTION 1 - START UP ONE-TIME START-UP COSTS Item 1 Purchase Price, Downpayment or Lease Deposit 2 First Month Mortgage or Rent 3 Remodel, DecoraEng and PreparaEon 4 Fixtures, Counters, Built-in Work Tables 5 LighEng & Electrical Upgrades 6 Studio Furniture 7 Oce Furniture 8 Gallery Furniture 9 Legal & AccounEng Fees 10 Licenses and Permits 11 UEliEes Heat & Electric Deposits 12 Telephone Deposits 13 Water & Sewer Deposits 14 Cable & Internet Deposits 15 AdverEsing & PromoEon for Opening 16 Computer hardware & So]ware 17 Business Card & StaEonary 18 Signage 19 Oce Supplies 20 Studio Materials & Supplies 21 Equipment & Tools 22 Contracted Labor 23 Hourly Labor 24 Website & Domain 25 Miscellaneous & Other 26 OperaEng Cash 27 Insurance Total Start-up Costs DIRECTIONS: Fill in your dollar amounts ONLY in the Yellow Columns CalculaEons will be done AutomaEcally. To change the dollar amounts in any Yellow shaded Cell simply click on cell and type in new dollar amount NOTE: Do not Delete any entry or formula as this will eliminat the automaEc calculaEon process IMPROTANT: You DO NOT have to enter a dollar amount for all cells. OBJECTIVE: Your goal is to have the dollar amount listed in the Blue Cell at the Bo`om of this spreadsheet not exceed $100,000

Amount 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Cash on Hand 100,000

Balance 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

This Section is for Ongoing Monthly Costs - Your One Time Costs Will be Automatically Included.

SECTION 2 - EXPENSES ON GOING MONTHLY OPERATING EXPENSES Item 1 Monthly Mortgage or Rent 2 Professional Memberships & Dues 3 ConEnuing EducaEon Fees 4 Porbolio Costs 5 PrinEng 6 Postage & Shipping 7 Film, Slide & Digital Image Costs 8 Photographer Fees 9 Exhibit Announcements & Cards 10 Show & Exhibit ProducEon Costs 11 AdverEsing/MarkeEng 12 Oce Supplies 13 Brushes, Tools & Cleaning Supplies 14 Consumable Studio Supplies 15 Digital Equipment & So]ware 16 Digital Porbolio CD DVD Storage Costs

Amount 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Month 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Annual 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2-Year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3-year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65

Framing & PresentaEon Costs 0 Meals - Business (100% of costs) 0 Food & Wine Gallery Openings 0 Gi]s - Business ($25 per person limit) 0 Professional Magazines & Books 0 Legal & AccounEng Fees 0 Rent & Equipment Repair 0 Modeling Fees & Props 0 Commisions Paid to Agents/Galleries 0 Monthly Heat & Electrical Costs 0 Monthly Phone Costs 0 Monthly Internet & Cable Costs 0 Monthly Website Costs 0 Monthly Water & Sewer Costs 0 Monthly Insurance Costs (Business, Bus Vehicle) 0 Monthly Health Insurance 0 Interest & Principle on Loans & Credit Cards 0 Auto Travel for Museum & Gallery Visits 0 Auto Travel for Client & Business MeeEngs 0 Auto Travel for ConEnuing Educaiton 0 Auto Travel for Gallery Interviews (PotenEal Shows) 0 Auto Travel for Out-of-Town Business Trips 0 Auto Travel for Purchasing Art/Design Supplies 0 Auto Travel for Professional Society MeeEngs 0 Parking Fees & Tolls 0 Airfare & Auto Rental 0 Van Rental for Moving Artwork 0 Parking 0 Taxi, Train, Bus & Subway 0 Lodging (Do not Combine with Meals) 0 Meals (Enter 100% of Expense) 0 Laundry, Maid & Porter 0 Tolls 0 Telephone Calls (Including calls to home) 0 Paging Services 0 Internet and on-Line Services 0 Pay and Toll Calls 0 Cellular Phone 0 Purchase of Phone & Answering Machine 0 Purchase of Computer & Computer So]ware 0 Purchase of Press, Easel, Welder, Shop Equipment 0 Purchase of Darkroom Equipment 0 Purchase of Cameras & Lenses (TradiEonal or Digital) 0 Purchase of Computer Perhpherals 0 Purchase of Framing Apparatus 0 Purchase of Power and Hand Tools 0 Salary of Owner/Manager (Your Pay) 0 All Other Wages, Salaries & Commissions 0 Payroll Taxes or Self-Employment Tax 0 First Month Total Start-Up Expenses 0 Annual Total Expenses

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 YR 1 Exp

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 YR 1&2 Exp Yr 1 2 3 Exp

This Section is for your Income Monthly projections for Year One. Enter Dollar Amount in First Yellow Column Second Yellow Column is for year Two Income Increase Projections Third Yellow Column is for year Three Income Increase Projections SECTION 3 - REVENUES ONGOING MONTHLY OPERATING INCOME Type $ Amt Type $ Amt Item Amount Month 1 Annual Amount Inc 2-Year Amount Inc 3-year 1 Monthly Rent Received from Sublets 0 0 0 0 0 0 0 2 Monthly Net Salary from Employment 0 0 0 0 0 0 0 3 Monthly Gross Sales of Product 0 0 0 0 0 0 0 4 Monthly Payments for Services 0 0 0 0 0 0 0 5 Monthly Payments from Grants 0 0 0 0 0 0 0 6 Monthly Payments from Tutoring/Lessons 0 0 0 0 0 0 0 7 Monthly Sales from Fairs/Events 0 0 0 0 0 0 0 8 Monthly Payments for Lectures 0 0 0 0 0 0 0 9 Monthly Other/Miscellaneous 0 0 0 0 0 0 0 10 Monthly Other/Miscellaneous 0 0 0 0 0 0 0 11 Monthly Other/Miscellaneous 0 0 0 0 0 0 0 12 0 0 0 0 0 0 0 13 One Time Sales Income from Product 0 0 0 0 0 0 0 14 One Time Payments for Services 0 0 0 0 0 0 0 15 One Time Payments from Grants 0 0 0 0 0 0 0 16 One Time Payments for Tutoring/Lessons 0 0 0 0 0 0 0 17 One Time Payments for Other/Miscellaneous 0 0 0 0 0 0 0 18 0 0 0 0 0 0 0 19 0 0 0 0 0 0 0 20 0 0 0 0 0 0 0 Total Projected Monthly Income 0 Annual Total Income 0 0 0 0 YR 1 Rev YR 1&2 Rev Yr 1 2 3 Rev This Section Calculates your Balance Sheet. You want to see a positive number by Year Three at the latest. If you do not See a Positive Number then you Must change your Expenses in Section One and Section Two and/or Increase your Increase your Income in Section three. BALANCE SHEET - REVENUE/INCOME LESS EXPENSES Monthly Balance by Period 0 Annual 0 2-Year 0 3-Year 0