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355 - How to conduct your own profit reports
Manage episode 440757736 series 3363155
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On today's episode of the podcast I'm sharing the process for how I create my monthly profit reports and giving you a checklist so you can create your own.
It's launch week here at Not AVG Law! The doors are wide open for us to take on new one-on-one clients in our Unf*ck Your Biz signature service and new students in your Unf*ck Your Biz Group-Study program. We haven't launched the Group Study program in over a year so now is the time to get in on it. The doors close on September 24th so be sure to join now at unfuckyourbiz.com
I've been sharing my profit reports on the podcast each month for the last couple years and wanted to formalize the process in a free downloadable workbook so you can follow along. To get a copy of step-by-step process along in an editable guide you can use to create your monthly report at notavglaw.com/355
Conducting a profit report is important for understanding your numbers to make informed, important decision. This may look like getting insight into whether or not you can afford to take on new team members? Can you afford to hire a new contractor? Do you need to let go of a team member or decrease their hours? Do you need to increase your prices or focus more attention on a more profitable offer? When should you take vacations? Monthly profit reports can really show when you have lighter client work months, especially if you are someone who keeps themselves busy all the time, even when you don't have that much client work. If we shift those projects to other months, you may find out you have an entire months to take an extended vacation. A monthly profit report will also show you which offers you should push more or push less and it's also going to help you decide when you can make big investments, how much money to save, how much money to save for taxes. A profit report is not just for tracking numbers, but also for analyzing them and using them to help you make key decisions.
Follow along with the steps in the podcast and create your own profit report at notavglaw.com/355
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