$1)$ A Paragraph or two explaining the type of business you are starting and where it will be located and who are your competitors

$2)$ A capital equipment budget detailing any equipment you need for your business. The schedule should include the estimated cost of the equipment and the monthly depreciation using the below guidelines:

$$ Computers and peripheral equipment costing over $$500=3$ year life

$$ Furniture and office fixtures$=8$ year life

$$ Any other equipment should not be longer than an $8$ year life year life

$$ Vehicles or trucks$-8$ year life

$3)$ A quarterly budget for two years $(2025$ &$2026)$ showing vertical $\%$s to revenue as per example sent to you earlier. The income$/$loss will be operating income not net after tax income. We will exclude corporate taxes for this exercise due to the various legal tax structures we can use.

$4)$ An assumption page giving your assumptions for how you calculated revenue and each expense account. Make sure you list typical operating expenses for your business$($i$.$e$.$ Rent at strip mall increased on anniversary date by $4\%$ the estimated CPI rate $1-1-26$ or

Office supplies increased each year by the estimated inflation rate of X$\%-$you pick a rate. or

Part$-$time labor hours worked each month at X per hour of $X per hour x $3$ months$)$ or

Payroll taxes at $10\%$ of all paid labor for the quarter or

Owner$$s medical insurance under benefits expense $=$$$600$ per month x $3$ months

SPECIFIC GUIDELINES

$$ Inflation can be assumed at rates between $2$ and $4\%$

$$ The CPI rate can be assumed between $2\mathrm{.}5$ and $5\%($used for rental contracts$)$

$$ Payroll taxes at $10\%$ of all wages paid for the quarter

$$ Workers Comp rate$=$for Administrative $\mathrm{.}6\%,$ Restaurants $3\%$ and any jobs that are considered accident prone are $5\%$

$$ Medical Insurance$=$Owners $100\%,$ other employees $50\%$ of total$-$they pay$-$in $50\%$

$401$K or other programs $.....$your $\%$ of wages explained in assumption page