Read your profit and loss report in five minutes
Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
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Plain advice on money, stock, selling, staff, tax and growth, written for owners who run the business from their phone.
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Your profit and loss report answers one question: did the business make money? Here is how to read it line by line, and the five questions to ask it every month.
Big plans rarely survive a busy shop floor. Three clear actions a week, planned on Monday and checked on Saturday, can move your business further.
What lenders ask for, how to get your records and statements ready, and how to choose a loan size your business can actually repay.
Sales, purchases, expenses, payroll and statements: the records that back up your tax returns, how to organise them, and why they protect you.
Running out of a fast seller sends customers to the shop next door. Learn a simple reorder level formula using your sales rate, supplier lead time and a small safety buffer.
Winning a new customer costs effort. Keeping one is often a matter of remembering them. Simple, respectful ways to bring people back without spamming them.
Busy shop, small profit? The problem is often the price. Learn your true cost, the difference between markup and margin, and how to set retail and wholesale prices that pay.
When the shop drawer is also your household purse, you never really know if the business is making money. Here is a simple way to separate the two and pay yourself properly.
Network down, lights out, queue at the counter. A simple plan for keeping accurate records through outages, and how offline sales catch up when the signal returns.
Ready when you are
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