Profit & Loss Income Statement Review #1 – This Year vs Last Year

Want to learn how to read a profit and loss income statement better? In this P &L Review, we will take a look at a business’s P & L and look at two full years side by side. Comparing this year vs last year on your profit and loss can offer great insight into what the company is doing better and where its opportunities still are. They took 2 big gambles, so let’s see if they paid off! KEY MOMENTS IN THE VIDEO: 00:00 Profit & Loss Income Statement – This Year vs Last Year 00:40 What is Your P&L Trying to Tell You? 02:44 Income 06:35 Cost of Goods Sold – The Big Investment & Change They Made 11:50 Gross Profit 12:33 Operational Costs – Lesson – The Impact of a Big Decision 19:50 Profitable or Not? - Will Their Gamble Pay Off? 22:05 Two More Key Points Before You Go ** DISCLAIMER: Any thoughts shared on any particular P&L review are my thoughts and meant only as teaching opportunities and not meant to be considered actual findings. It is up to you to dive deeper into your P & L and discover what is really going on behind the scenes and what is best for your business. ------------------------------ Want to Dive in Deeper & Learn More About Your Numbers 👉 Grab Your Free Know Your Business Numbers Reference Guide: https://babolearning.com/KYBNReferenc... 👉 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 –    • How to Price Your Products Correctly   👉 Pricing Your Services Correctly -    • How to Price Correctly in a Service Based ...   👉 How to Read a Profit & Loss Statement -    • Understanding a Profit and Loss Income Sta...   ----------------------------- PLAYLISTS TO CHECK OUT: 👉 Learn How to Read Your Profit & Loss Income Statement:    • Playlist   👉 PLAYLIST: Pricing Your Products & Services    • How to Calculate Markup and Margin on Prod...   👉 PLAYLIST: Learning Your Business Numbers Better:    • Know Your Business Numbers   ----------------------------- FREE GUIDES / TOOLS 👉 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 👉 Free Business Health Check: https://localsmallbusinesscoach.com/b... 👉 Free eBook: 10 Questions to Ask in Your Business https://bit.ly/10QuestionsBiz ----------------------------- Check Out the Website: https://babolearning.com ----------------------------- COURSES to HELP YOU 👉 Understanding Your Business Numbers - http://KnowYourBusinessNumbersCourse.com 👉 Start a Local Small Business – http://StartASmallBusinessCourse.com ----------------------------- 👉 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, 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, appliance repair, dog walkers, 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! #BABOLearning #KnowYourBusinessNumbers #BadassBusinessOwner