Season 4 Episode 22 - Understanding A Profit And Loss Statement

Within running a joinery business, there's a lot of minutia that can easily slip past if you're not looking close enough. What might seem small or trivial can easily turn into something bigger without you realizing. Your Profit and Loss statement is a very good example, as it's something fundamental to understanding your business and how well it's going, but the details can get lost at times.   Today on the podcast Bruce goes into detail about what your Profit and Loss statement is, how to go about reading it, and make changes based on the information it presents. It's a valuable subject thats easy to downplay, but if you know what you're looking for and what to do about it, it can be some really powerful analytics to take full advantage of. As always, if you have any thoughts about today's podcast be sure to head over to the Joinery Business Hub on Facebook! https://www.facebook.com/groups/TheJoineryBusinessHub   In this episode we discuss: What is a Profit and Loss statement The numbers you want to look for in a profit and loss statement How to adjust based on your numbers What to look out for in a profit and loss statement Links: The Joinery Coach Website The Wealthy Joiner Joinery Business Hub Facebook Group YouTube Channel  The Marketing Joint