The Basics of Your Profit & Loss Income Statement
Channel: Be a Badass Business Owner
Date: 2023-04-01

Your profit and loss income statement is the best report you have for your small business. (While this is audio - Here is a Video Version:https://youtu.be/x6qdKGnWE0w ) Your P&L is full of great information to help you know where your money is going and to find both opportunities as well as problem areas. Your P&L is the business’s report card and it is critical that you know how to read it.  

👉 The Understanding Your Business Numbers  Course: http://KnowYourBusinessNumbersCourse.com 
👉 Don’t Forget to Get Your Free Start-Up Guide: https://bit.ly/BusinessStartUpGuide

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SOME RESOURCES TO HELP YOU GET YOU STARTED : (some are affiliate links but no charge to you)

👉👉Recommended Bookkeeping:   My #1 Recommended Resource for Small Business Owners. A profitable business Starts with Knowing Your Business Numbers.  Quickbooks Online https://babolearning.com/quickbooks

👉 Quicken - Home & Business Finances https://babolearning.com/quicken .......Great for beginners with no need for online payment options (Windows version only will do a Profit & Loss Report)

👉 Affordable Online Business Plan Builder: GrowThink - https://babolearning.com/businessplan

👉 Create a Basic Website – Bluehost - https://babolearning.com/bluehost


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COURSE TO HELP YOU LEARN MORE
👉 Understanding Your Business Numbers - http://KnowYourBusinessNumbersCourse.com 
👉 Start a Local Small Business – http://StartASmallBusinessCourse.com


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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


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PLAYLISTS of Videos TO CHECK OUT:
👉 Learn How to Read Your Profit & Loss Income Statement: https://www.youtube.com/playlist?list=PLkSR9dYanvV1YssoiyqLBUlgxYy2hYADj
👉 PLAYLIST: Pricing Your Products & Services https://www.youtube.com/watch?v=X89AFodPA3U&list=PLkSR9dYanvV0yWIzfFldB1sGx7Dfmn3Do3
👉 PLAYLIST: Learning Your Business Numbers Better:  https://www.youtube.com/playlist?list=PLkSR9dYanvV1tPjNcLppOPDDBn6i4Sdzw 


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More TOOLS TO HELP YOU RUN A BETTER BUSINESS
👉 Gusto Online Payroll - ( https://babolearning.com/gusto ) a fantastic, easy to use online payroll system. Why spend your time doing payroll yourself?
👉 JOBBER: https://babolearning.com/jobber &   HouseCall Pro (https://babolearning.com/housecallpro ) 
Online software for home service pros. Manage many day to day tasks, same time & money. Get paid quickly (link to Quickbooks) Both are easy to learn (even if you aren’t techy!) 


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Books I Recommend to All Small Business Owners – 5 Must Reads
👉 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


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MORE:
👉 Check Out the Website: https://babolearning.com
👉 Listen to the Badass Business Owner Podcast - https://www.youtube.com/playlist?list=PLkSR9dYanvV1HdqfORna6X2FaldWOyBkr
👉 Want to Help Support the Channel? Click the Super Thanks!  
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👉  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. 
 
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Local Small Business Owners are the Backbone of All of Our Communities! 




#podcast #KnowYourBusinessNumbers #startasmallbusiness