WANT TO INCREASE YOUR PROFIT? YOUR P&L IS THE KEY - Shared screen with speaker view
Hi Dan, in my service business clients want to drive the price down so it seems that I need to do more volume. In order to do more volume I need to add more staff / contract labor. What is the secret balance?
You mentioned benchmarking your gross margin with the average for your industry. Where do you find gross margin averages to use as a benchmark?
in the required sales level chart under loan payments, why is the loan principal calculated and not the interest?
How do you account for owner's salary paid? Is it considered an operating expense, or a distribution?
Last Question - Is Dan available for consulting services ?
How should small businesses decide their frequency of creating their P&L... monthly, quarterly, etc?