Mar 29, 2018
EPISODE 173 of The Local Small Business Coach Podcast
Knowing these 7 Business Terms & Numbers are the Difference Between Being an Employee and a CEO
In today’s episode:
If you are serious about your business, you must know what these 7 business terms & numbers mean and how to find them. They are the difference between being an employee and a CEO of your business. Not to mention, there is so much great information hidden in them to take your business to the next level! You can find all kinds of sales and profit opportunities hidden within them.
Let’s dive in and talk about…
- Sales / Revenue – Top Line Sales
- Costs of Goods Sold (COGS) – Costs to Produce the Product or Service
- Gross Profits – Sales minus your COGS
- Expenses – All other costs of doing business
- Net Income / Profit – Gross Profits Minus Expenses
- Gross Profit Margin – The percentage of profit made after taking out costs
- Net Profit Margin – Profit percentage after all costs taken out
Numbers don’t have to be scary if you know what they mean
Tammy
~~~~
The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in take-home pay. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
HELPFUL LINKS
Join the Badass Local Small Business Owners Facebook Group!
Website/Training Materials: LocalSmallBusinessCoach.com
Become a Founding Member of Our Upcoming Membership Site – Click for More Info
Get Your FREE eBook - 8 Steps to Increasing Your Profits in Your Local Small Business
Get your free Business Health Check PDF at LocalSmallBusinessCoach.com/businesshealthcheck
Our Training Materials for Local Small Business Owners: Training Center
Have an Idea for a Show or Have a Question? Email me at tammy@LocalSmallBusinessCoach.com
Starting a Local Small Business Website: StartALocalSmallBusiness.com
DON'T FORGET TO CHECK OUT THE PROFIT FIRST BOOK!
Follow Me on Twitter @tadams4u
AFFILIATE LINKS
My Recommended Bookkeeping Program for Local Small Business Owners: Freshbooks Link
Get a FREE Audiobook! Take your Business Books on the Road with You! CLICK to GET YOUR FREE AUDIOBOOK
WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
~~~