Knowing these 7 Business Terms & Numbers are the Difference Between Being an Employee and a CEO
Be a PROFITABLE Badass Small Business Owner · Tammy Adams | Your Local Small Business Coach
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Show Notes
EPISODE 173 of The Local Small Business Coach Podcast
Knowing these 7 Business Terms & Numbers are the Difference Between Being an Employee and a CEO
In today's episode:
If you are serious about your business, you must know what these 7 business terms & numbers mean and how to find them. They are the difference between being an employee and a CEO of your business. Not to mention, there is so much great information hidden in them to take your business to the next level! You can find all kinds of sales and profit opportunities hidden within them.
Let's dive in and talk about…
- Sales / Revenue – Top Line Sales
- Costs of Goods Sold (COGS) – Costs to Produce the Product or Service
- Gross Profits – Sales minus your COGS
- Expenses – All other costs of doing business
- Net Income / Profit – Gross Profits Minus Expenses
- Gross Profit Margin – The percentage of profit made after taking out costs
- Net Profit Margin – Profit percentage after all costs taken out
Numbers don't have to be scary if you know what they mean
Tammy
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in take-home pay. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
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WHO THIS PODCAST IS FOR:
local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams
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