Are You a Small Business Owner wanting to learn your profit and loss income statement better? Not sure where to start? Let’s walk through the basics of a P&L Statement and show you what information it shows you. We will also cover how a profit and loss statement can help you in your small business. If Interested in diving deeper. Here is a video where I take a look at a Profit and Loss Statement and What it is Telling Us.... https://youtu.be/tldpl71jF5g KEY MOMENTS IN THE VIDEO: 00:00 The Basics of a Profit & Loss Income Statement for Small Business Owners 00:35 The 5 Key Sections of a Profit & Loss Statement 05:55 What Your Business Profits Should Be Used For 07:16 P&L is the Flow of Money Thru Your Business 07:52 How to Use the P&L in your Pricing & Purchases 10:19 Your Profit & Loss is the Story of Your Business ----------------------------- WANT TO DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS? 👉 Check Out the AFFORDABLE - Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com ----------------------------- WANT MORE? HERE ARE SOME OTHER VIDEOS TO HELP… 👉 Pricing Your Products Correctly – https://youtu.be/AQ_mUb1E9MQ 👉 Pricing Your Services Correctly - https://youtu.be/doAKxyRa4pM 👉 How to Read a Profit & Loss Statement - https://youtu.be/x6qdKGnWE0w ----------------------------- 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: 👉 Recommended Bookkeeping: The #1 Tool You Need: Quickbooks Online - https://babolearning.com/quickbooks You must have a good, easy to use bookkeeping system. The #1 option for those needing invoicing & online payments 👉 Easy to Use Payroll that works with Quickbooks: Gusto - https://babolearning.com/gusto ---------------------------- 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 👉 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 👉 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, 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