All expenses are based on costs incurred prior to startup of operations. Uncommon Ground will be judicious in our use of resources, and will purchase pre-owned equipment wherever feasible, such as furniture, delivery van and warehouse fixtures. Rent is based on two months setup and improvement time required. Salary costs include salary, payroll taxes and benefits for one employee for two months prior to startup. Cheryl Meronk will not receive a salary until Year 2 or when the company reaches profitability, whichever occurs first (we project our first year of profitability will occur in Year 3). The Board of Directors stipend is an average figure for a small, startup company (AllBusiness Editors, 2015).
Uncommon Ground will make significant
Uncommon Ground will make significant