May 30, 2019
Diving Into Your Profit & Loss Expenses
In the next part of our Know Your Business Numbers Series, we will take a look at the next part of the profit and loss statement, your expenses. Your expenses are all the other costs of running your business other than your cost of goods sold. Like your cost of goods sold, your...
May 27, 2019
An Expensive Lesson to Learn
A Small Business Owner Learned a $10,000 Lesson and wanted me to share what happened in order to help others learn from her and her husband’s mistake. Well, technically, they didn’t make a mistake, but in trying to solve one problem, they discovered another. Both lessons are...
May 23, 2019
What Goes Into Your COGS
In this week’s know your business numbers series, we will discuss the next part of your P & L Report - Your COGS. But what exactly goes into your costs of goods sold? Where does payroll go? Cogs or Expenses? Should you breakdown your COGS into categories? We will take a look at these...
May 20, 2019
Fine Tune Your Elevator Speech
Leave Them Knowing the Pain Points You Solve | Whether you are at a networking event or being asked what you do for a living, you often times only have 30, 60, 90 seconds to tell folks what it is you do. Many of us, tell them the industry we are in but fail to tell them the pain points...
May 16, 2019
Breaking Down Revenue on Your Profit & Loss Statement
In today’s episode: In this week's episode of the Know Your Business Numbers Series, I want to share why I think you need to break down your sales/revenue categories on your income statement. By looking at each core area of your sales, you can gain a lot of...