Industry sector:

Classic car restorer: General expenses

Every month you are likely to spend some money on different goods and services for your car restoration business. These might include:

  • subscription to a trade journal
  • trade association membership fees
  • repairs and maintenance to premises and equipment
  • protective clothing for staff
  • barrier cream, hand cleaning products
  • computer sundries and general business supplies

Make an estimate of the amount you are likely to spend on general expenses every month.

Once your business is up and running do not forget to record what you spend on general expenses and keep receipts wherever possible.