KYBN - Diving Into Your Profit & Loss Expenses

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 expense will be a percent of sales on your profit & loss. Your expenses will be broken down into subcategories that will allow you to track where your profits are going. You should have a budget in place and compare your actual expenses on the p/l vs your budget. Let's take a deeper dive into understanding your expenses. ~~~~   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 personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.     HELPFUL LINKS   Youtube Channel – Training for Local Small Business Owners Join the Badass Local Small Business Owners Facebook Group! Leave a Question, Show Suggestion/Idea for the Show: Ask a Question Email me at [email protected] Visit the Local Small Business Coach website Thinking of Getting a Coach? Check out my work with me page Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business   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