Due to zoning laws, noise restrictions, and obvious safety issues, legal advising and company attorney(s) are a significant part of the budget. An accountant, whether under my company or from an accounting firm, is given a consistent salary (because honestly, I really dislike accounting).
During the first month, construction is the primary usage of the first year budget. While the shop could be constructed in the first month and begin to generate revenue the second month, the track and clubhouse will take longer to construct and start business.
In the winter, clubhouse and track staff are cut in half because the main source of money would come from the shop that does regular maintenance for all customers (members or not) because winter is not racing season. Come springtime going through early fall (racing season), more staff are brought on to work in the clubhouse and on the track, and all three branches go up in profit.
Looking better. You need to total up the sections, for example, under all the lines for the revenue sources you need a "Total Revenues" line, along with a right hand column that has full year totals. Likewise for the COGS section and other expenses sub-totals.
ReplyDeleteYou don't have any marketing expenses. So give this another go, and remember this is your last chance to get it all in there. Looking forward to seeing this next week.