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4.19 Industry Payroll for Target Market Analysis Template

What is the use for a template on Industry Payroll analysis in a business plan for a Electrical Contractor like Lights On Electrical, Inc.?

The Industry Payroll analysis template gives a business owner like Andy Powell the ability to get a crisp and clear picture of the labor costs that a small business like Lights On Electrical, Inc. will be facing. The template looks at the Average Annual Payroll for businesses in the same or similar industry sectors like Lights On Electrical, Inc. located in the target market of Cuyahoga, Ohio. It presents data over a decade in both tabular and graphical format for the Average Annual Payroll, the Average Employees per Establishment and the Average Annual Employee Payroll

What is the data source for the Industry Payroll analysis for Lights On Electrical, Inc. in Cuyahoga, Ohio?

The data source for the Business Establishments by Industry analysis for Lights On Electrical, Inc. comes from the County Business Pattern survey which is available at www.census.gov. County Business Patterns provides data on the total number of establishments, by employment size-classes for all industries for all counties of the country. We highly recommend that all small business plans for the Electrical Contractor include a Business Establishments by Industry analysis of the target market. Once you get to the main page of the Census bureau, look for the censtat database that contains applications like Census Tract Street Locator, County Business Patterns, Zip Business Patterns, International Trade Data and more.

What is the cost of the data for Industry Payroll analysis for Electrical Contractor in Cuyahoga, Ohio?

The data for Industry Payroll analysis is available completely free. The County Business Patterns data is a part of the Census and is paid for by your tax dollars. Most government sources do however recommend that if you decide to use their data, that you give them a mention by letting your readers know the source of the data.

What calculations go into the production of this template on Industry Payroll analysis for Lights On Electrical, Inc.?

There are no manual calculations that you have to endure - just go to the census website, download the data, paste it or enter it into the template and the chart will be updated automatically. The average annual payroll is calculated automatically by the template based on the data entered for the annual payroll and number of paid employees. Just punch in the data and our templates will do the rest. Click on the output tab from where you can copy and paste the finished template into a word document that contains for Electrical Contractor business plan.

Quick Links:

  1. Go to the Corresponding Questionnaire section for this industry.
  2. Go to the Corresponding Business Plan section for this industry.

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