Knowledge is Power to Grow Your Profits & Sales!
Profits Come from Knowing Your Business Numbers
Profit & Loss Income Statement
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What is a Profit & Loss Income Statement? (2:41)
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The #1 Calculation You Need to Know (2:21)
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Income / Sales / Revenue (4:08)
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Cost of Goods Sold (COGS) (5:44)
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The Gross Margin Line (1:24)
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Operational Expeneses (4:28)
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Net Income Line (3:03)
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The Power of Trends (8:31)
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Using Your P&L to Price Better (2:16)
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Pricing Products Correctly - BONUS Video (8:58)
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Pricing Services Correctly - BONUS Video (11:23)
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What About Taxes? (9:47)
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Recap the P&L Section (5:08)
BONUS P&L Items
Gross Margin Dollars & Gross Margin %
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What is Gross Margin? (3:54)
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Calculation Gross Margin $ & % (11:32)
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Using GM to Figure Your Sales Goal (10:39)
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Pricing - How GM Effects Your Pricing Strategy (8:14)
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Pricing - GM$ vs GM% (9:21)
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BONUS: Additional Examples of Calculation (6:40)
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GM - Cheatcheets, Worksheets & Spreadsheets
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BONUS Materials
Break-Even Point - How to Calculate Yours
Your Balance Sheet
Business Terms to Understand
Idea? Question?
BONUS: Profit & Loss (Income) Statement 2019 VERSION
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What is a P & L Statement? (3:52)
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How Do You Read a P & L? (3:47)
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Sales - Income - Revenue (8:36)
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Cost of Goods Sold - COGS (13:39)
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Expenses (14:37)
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Understanding Profit Lines (10:50)
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The Power of Stacking (16:46)
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Why You Need a Budget (14:14)
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Pay Yourself First! (8:35)
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Pulling it All Together (12:35)
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P & L - Cheatsheet
