Gross Profit vs Net Profit

Gross Profit vs Net Profit | The Local Small Business Coach Podcast Do you know the difference between your gross profit and your net profit? Keep in mind, Sales – COGs – Expenses = Net Profit. Your Gross Profit is before your expenses. Make sure you keep this in mind before you start counting the money you’ve “made”. Net profit is the true measure of how successful you are. By the way, don’t forget to check out the - Know Your Business Numbers Course @ KnowYourBusinessNumbersCourse.com ~~~~ For More Tools & Resources Go to https://localsmallbusinesscoach.com & Don't forget to listen to the Local Small Business Coach Podcast on your favorite Podcast App. 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 personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams. Two Books All Local Small Business Owners Should Read: eMyth Revisited by Michael Gerber (link: https://amzn.to/31Gnlfq) & Profits First by Mike Michalowicz (link: https://amzn.to/2HaxasE) Both are affiliate links but have no extra cost to you Join the Badass Local Small Business Owners Facebook Group! 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. Those who want to know their business numbers better!