If you run a business, you need to have a monthly profit and loss statement (P&L).<\/p>\n
Big global companies have robust P&Ls. But it\u2019s not just something that benefits big enterprises or companies that produce physical products.<\/p>\n
Companies that provide services, whether you\u2019re a big shop or a solo part-time entrepreneur, need a P&L too.<\/p>\n
Why do you need a P&L as a small business? It tells you important facts about the health of your business.<\/p>\n
And it will help you ensure your business can survive seasonal swings or big economic downturns too.<\/p>\n
So what does a P&L for a services business contain? It can be difficult to figure out, since you\u2019re not moving tangible products. But it\u2019s not any less important for your services business.<\/p>\n
And what insights does it hold for your overall business?<\/p>\n
That\u2019s what John Arnott will cover in this video as part of the Business Mastery series.<\/p>\n
You must manage and monitor your business finances \u2013 find out how in this video using your P&L.<\/p>\n
You\u2019ll learn how you\u2019re doing, and what you need to fix first.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you run a business, you need to have a monthly profit and loss statement (P&L). Big global companies have robust P&Ls. But it\u2019s not…<\/p>\n","protected":false},"featured_media":8443,"template":"","class_list":["post-8419","cfm_videos","type-cfm_videos","status-publish","has-post-thumbnail","hentry"],"video_link":"