How I scaled My business to $3,000,000/Yr Course 🔥(Free):
[ Ссылка ]
If you're a Concrete Business Owner, it's important to KNOW your numbers. Profit and Loss statement explained. #concrete #concretebusiness #businessowner #businesstips #concretecoach
In today's video I talk about the most important report in your concrete business. The profit and loss statement, also called the income statement.
In a high level overview I go over the various aspects of a profit and loss statement and what should be included in each category:
✅Revenue, what it means and when you record it, money collected vs jobs sold
✅COGS = Cost of goods sold - variable expenses like materials, labor, permits, dump fees, and equipment rental
✅Gross Profit - Revenue minus COGS should be at 50% to account for you other costs in your business
✅Overhead - indirect payroll, marketing, trucks and equipment, rent, utilities, phone bills, taxes, depreciation, accounting, legal fees, software, insurance, and depreciation
✅Net Income - what you make as a business owner, the money you take home as a business owner. Shoot for 20% to get ahead and to scale your business.
Don't forget to hit that 🔥SUBSCRIBE🔥 button for weekly videos teaching you how to make more money in your contracting business!
CHECK THIS OUT!! 👇
The Ultimate Concrete Business Growth Package has all the resources and tools you need to take your business to the next level! Get access to a complete business course, peer mentorship, weekly Zoom calls, and a sales and marketing automation software... [ Ссылка ]
Find me on socials!
👉 Instagram: @itstylerlink
[ Ссылка ]
👉 TikTok: @itstylerlink
[ Ссылка ]
👉 Facebook: Concrete Launch Secrets
[ Ссылка ]
![](https://s2.save4k.ru/pic/veVxk1VIKeg/maxresdefault.jpg)