You run a great business and now you have some regular business profits. But what should you do with those business profits? Well, there are three key things your profits must be used for so let’s take a closer look at your business profit and what you should be doing with it.
KEY MOMENTS IN THE VIDEO:
00:00 What to Do with Your Business Profits
00:13 Your Owners Wages vs Your “Employee” Pay
01:57 Three Things Your Profits Go Towards
07:03 How Much to Allocated for Each Bucket
08:35 More Business Numbers
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*TIPS for RUNNING A PROFITABLE SMALL BUSINESS*
Want more? Here are some videos to help on Pricing:
Pricing Your Products Correctly – • How to Price Your Products Correctly
Pricing Your Services Correctly - • How to Price Correctly in a Service Based ...
How to Read a Profit & Loss Statement - • Understanding a Profit and Loss Income Sta...
WEBSITE: http://babolearning.com
Don’t forget to get your Badass Business Owner Merch - https://badass-business-owners.myspre...
FREE GUIDES / TOOLS
FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business - http://bit.ly/8Steps100k
FREE eGuide: How to Read a Profit & Loss Statement - https://bit.ly/ReadPL
FREE Start Up Guide for Starting a Business - https://bit.ly/BusinessStartUpGuide
Free Business Health Check: https://bit.ly/BABOHealthCheck
Free eBook: 10 Questions to Ask in Your Business https://bit.ly/10QuestionsBiz
COURSES to HELP YOU
Understanding Your Business Numbers - http://KnowYourBusinessNumbersCourse.com
Start a Local Small Business – http://StartASmallBusinessCourse.com
PLAYLISTS TO CHECK OUT:
PLAYLIST: Learning Your Business Numbers Better: • Know Your Business Numbers
PLAYLIST: Learn How to Read Your Profit & Loss Income Statement: • Плейлист
**AFFILIATE LINKS: I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better
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Local Small Business Owners are the Backbone of All of Our Communities!
The Badass Business Owner YouTube Channel is for Small Business Owners who are tired of living job to job but want to grow their business income & their personal income. In each video, we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams. Learn more about pricing correctly, your business numbers & your profit and loss income statement
WHO IS THIS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money. Those who want to know their business numbers better!
#BABOLearning #KnowYourBusinessNumbers #BadassBusinessOwner
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