EPISODE · Dec 26, 2019 · 31 MIN
Financial Metrics: Net Income
from Creative Agency Success Show · host Summit Virtual CFO by Anders
“A service-based company should be making 15% net income, 10% is the break-even.” - Jody GrundenThe finer details of this episodeWhy 10% is the new break-evenHow profit margins get smaller as your company gets biggerThe sections of an income statement and why they are importantHow to calculate your actual gross profit and determine what it should beHow much to invest in your employees outside of their paycheckThe difference between overhead cost and production costWhat you can do to increase your gross profitHow to prepare for a recessionEpisode resourcesSummit CPA website - www.summitcpa.netEmail us with questions/comments- [email protected]
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“A service-based company should be making 15% net income, 10% is the break-even.” - Jody Grunden The finer details of this episode Why 10% is the new break-evenHow profit margins get smaller as your company gets biggerThe sections of an income statement and why they are importantHow to calculate your actual gross profit and determine what it should beHow much to invest in your employees outside of their paycheckThe difference between overhead cost and production costWhat you can do to increas...
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Financial Metrics: Net Income
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