6. Your equity increase isn't calculated right. You have initial costs and expenditures (which looks right) as your starting value. Problem is once you buy it they aren't worth that. If you bought a super, some medications, or some buckets and tried to sell them a year later, you couldn't sell it for what you bought it for. Plus, some of those items (bottles, sugar, medications) will be used over the course of the year, and not added to any equity value you may have. So your starting value isn't really accurate. Then you have total value of honey and hives as your ending value. But, you already said you would have operating expenses of $5,650. That isn't put in your equity increase. If you take that out of your expenses from your honey sales, you get an equity increase of approximately 20% (based on my rough calculations in my head). That isn't including the devaluation of your assets from when you bought them.