Income Statement (P&L) for Small Services Businesses

My dad just came over and ask me how my construction company was going…. He ask about my P&L sheet I said what !? 4 hours later I have a complete p&l statement! 🎉 I was running my business like a checking account. He said that doesn’t tell me anything I need to keep an updated P&L report. I’m 35k in the black with 45k in future sales.

Love your video!

amazing!!! I think many changes are coming......

Thanx so much for the additional percentage analysis. It makes P&L so much more meaningful and speeds up decision-making.

Tacky, reaaaaaly cheesy. Awful! Much better videos around guys.

Thanks, i was looking for a video less technical and more conceptual

Many thanks

Thanks very helpful.

I loved how you patiently broke down the 4 key components of a P&L.

I really enjoyed watching your video. As an entry-level manager, I wanted to learn more about the P/L. I thank you for the vital information.

If you are funding your single LLC business do you put your your contributions in your p&l statement

Thank You!

I really enjoyed the simple explanation and detailed breakdown of why certain things have to be a specific way. I also enjoy your calm steady demeanor, helped me to focus and grasp info.
Thank you

You are wonderful thanks

great - thank you so much, I am going to follow you

Very helpfull, hope you can assist in sales and marketing budgeting? Thank you!

Very informative

Thanks for the video. Very informative.

Appreciate your breakdown.

Thank you!

Thank you so much for this break down!!!