Yes! You Do Have Cost of Goods in Your Business!

Yes! You Do Have Cost of Goods in Your Business! There are many small business owners who own a service-based business and their bookkeeper is telling them they don't have costs of goods only expenses. Or they just take a lump sum of money at the end of the month and do not properly account for the labor hours that are part of the service. Let's take a closer look at this often misunderstood section of your pricing and profit and loss.   **SMALL BUSINESS OWNER TIPS for RUNNING A PROFITABLE BUSINESS**   Want more? Here are some popular videos I have on YouTube: HOW TO PRICE YOUR PRODUCTS CORRECTLY HOW TO PRICE YOUR SERVICES CORRECTLY HOW TO READ A PROFIT & LOSS STATEMENT   ~~~~ YOUTUBE CHANNEL: BABO Learning for Badass Business Owners Get Your Badass Business Owner Merch WEBSITE: BABOLearning.com   ~~~~ FREE GUIDES / TOOLS FREE eGUIDE: 8 Steps to Earning $100,000 in Income in Your Small Business FREE eGUIDE: How to Read a Profit & Loss Statement FREE Start Up Guide for Starting a Business Free eBook: 10 Questions to Ask in Your Business Get Your FREE Business Health Check     COURSES *** Understanding Your Business Numbers *** Start a Local Small Business     ~~~   Local Small Business Owners are the Backbone of All of Our Communities!      The Badass Business Owner Podcast is for Small Business Owners who are tired of living job to job but want to grow their business income & their personal income. In each episode, we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.     WHO THIS CHANNEL IS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money. Those who want to know their business numbers better!    **Occasionally, there might be an affiliate link to products I recommend. I do receive a small commission (no extra cost to you) but I promise, I only recommend things I feel will benefit your business, mindset or goals   #BABOLearning #KnowYourBusinessNumbers #BadassBusinessOwnerPodcast