As a business owner, you may enjoy looking at financial information and keeping track of how your business is doing. On the other hand, you might rather have a tooth pulled. Ugh!
Profit (or Loss) is likely the single most important number, but alone, it doesn’t tell us much.
The relationships between the key numbers give us a better picture. Use the *Profitability Scorecard to take a closer look. While it will give you some useful information, it will also bring questions to mind. For instance, “Why has my Revenue increased but my Profit % decreased? or Why have I spent more on Sales and Marketing than I have gained in additional Revenue?”.
*The Scorecard information can be found on your Profit and Loss Reports (a.k.a. Income Statements) or on your tax returns.
Paisley Solutions, 615 W. State St., Kennett Square, PA 19348
610-444-2597 ext 201 Fax 610-444-8291