10 Things You MUST Know about a Profit and Loss Statement

Why on Earth Do You Need a Profit & Loss Statement? Why are they so difficult to understand? Maybe these 10 things can help you understand why a profit and loss statement is so critical to your small business and how you can use it to make more profit in your small business! __________ DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS 👉 Check Out the AFFORDABLE - Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com NEED A BOOKKEEPER? 👉 Check out BABO Bookkeeping. https://babobookkeeping.com Yep! We can help you do your bookkeeping so you can focus on growing your business! ----------------------------- CONTACT ME: 👉  Business Coaching: tammy@babolearning.com 👉  Bookkeeping for Your Business: tammy@babobookkeeping.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 Based ...   👉 How to Read a Profit & Loss Statement -    • The Basics of a Profit & Loss Income State...   FREE GUIDES / TOOLS 👉 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: 👉 The #1 Tool You Need: Quickbooks Online - https://quickbooks.intuit.com You must have a good, easy to use bookkeeping system. The #1 option for those needing invoicing & online payments ----------------------------- Books I Recommend to Help You 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 👉 How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off – Donald Miller - https://amzn.to/4bvCDX8 👉 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 ----------------------------- 👉 Want to Help Support the Channel? Click the Super Thanks!  ---------------------------- 👉 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, 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 #tipsforsmallbusinessowners