355 - How to conduct your own profit reports

Unf*ck Your Biz With Braden

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.

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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