We all know a powerful tool in your toolbelt is your profit and loss statement. However, a lot of folks don’t realize how much information is hiding in the monthly breakdown when you look at them side by side. Today we take a look at how you want to look at just the core parts (sales, COGS, expenses, & profit) to find some opportunities.

Grab the spreadsheet from the video: https://babolearning.com/monthlyPLtra...



WANT TO DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS?
Check Out the AFFORDABLE Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com'>http://KnowYourBusinessNumbersCourse.com



WANT MORE? HERE ARE SOME OTHER VIDEOS TO HELP…
Pricing Your Products Correctly –    • How to Price Your Products Correctly  
Pricing Your Services Correctly    • How to Price Correctly in a Service B...  
How to Read a Profit & Loss Statement    • The Basics of a Profit & Loss Income ...  



POPULAR FREE GUIDES
FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business http://bit.ly/8Steps100k
FREE eGuide: How to Read a Profit & Loss Statement https://bit.ly/ReadPL
FREE Start Up Guide for Starting a Business https://bit.ly/BusinessStartUpGuide


TOOLS TO HELP YOU RUN A BETTER BUSINESS

Recommended Bookkeeping: My #1 Recommended Resource for Small Business Owners. A profitable business Starts with Knowing Your Business Numbers. Quickbooks Online https://babolearning.com/quickbooks'>https://babolearning.com/quickbooks

Quicken Home & Business Finances https://babolearning.com/quicken'>https://babolearning.com/quicken .......Great for beginners with no need for online payment options (Windows version only will do a Profit & Loss Report) – No monthly fees

Managing Day to Day Tasks, Scheduling, for Home Service Pros
Housecall Pro (https://babolearning.com/housecallpro ) & JOBBER: https://babolearning.com/jobber'>https://babolearning.com/jobber Online software for home service pros. Manage many day to day tasks, same time & money. Get paid quickly (they can link to Quickbooks Online) Both are easy to learn (even if you aren’t techy!)

Gusto Online Payroll ( https://babolearning.com/gusto'>https://babolearning.com/gusto ) a fantastic, easy to use online payroll system. Why spend your time doing payroll yourself?

MailChimp – ( https://babolearning.com/mailchimp'>https://babolearning.com/mailchimp )Automatically send emails to your customers and create great repeat business



Books I Recommend to Help Take Your Business to the Next Level
Profit First by Mike Michalowicz – https://amzn.to/3nBsCRC
eMyth Revisited by Michael Gurber https://amzn.to/3bMDTeR
Atomic Habits by James Clear https://amzn.to/3kpXs1m
Building a Storybrand by Donald Miller https://amzn.to/3y5t0fS
The ONE Thing by Gary Keller & Jay Papasan https://amzn.to/3yciFi7
The 12 Week Year Brian Moran & Michael Lennington https://amzn.to/3R54Smi



COURSES to HELP YOU

Understanding Your Business Numbers http://KnowYourBusinessNumbersCourse.com'>http://KnowYourBusinessNumbersCourse.com
Start a Local Small Business – http://StartASmallBusinessCourse.com


MORE:
Check Out the Website: https://babolearning.com
Listen to the Badass Business Owner Podcast on Spotify or Apple Podcasts –
Iphone: http://bit.ly/LSBCpodcast1 | Android: http://bit.ly/LSBCGoogle | Spotify http://bit.ly/LSBCPodcast
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DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better

DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.


Local Small Business Owners are the Backbone of All of Our Communities!


WHO IS THIS FOR: small business owners who serve their local community & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money & know their business numbers better!


#KnowYourBusinessNumbers #SmallBusinessOwner #tipsforSmallbusiness