Finances For Small Business Owners Blog
The go-to place to better understand how to manage your cashflow, make smarter financial decisions, and ensure you're scaling your business profitably
How to Read a P&L Statement (For Business Owners Who Hate Looking at Financial Statements)
by: Alex EngarMost business owners glance at the bottom line and move on. Here's how to actually read your P&L, line by line, with a real $1.8M trades company example, healthy benchmarks for every category, and the 3 mistakes that cost owners $80K to $200K per year.
Plumbing Company Profit Margins: The Numbers That Separate a $1.5M Company Making $60K From One Making $200K
by: Alex EngarThe average plumbing company nets under 8%. The best hit 18% to 25% on the same revenue. See margin benchmarks by service type, the 6 margin killers, and what a well-run $1.5M plumbing company actually looks like.
Why Your Business Is Profitable on Paper But You Never Have Cash (And How to Fix It)
by: Alex EngarYour P&L says you made $180K. Your bank account says otherwise. Here are the 7 reasons profitable businesses run out of cash, with real examples from trades and service companies, plus exactly how to fix each one.
The 5 Financial KPIs Every Business Owner Should Track Weekly (Not Monthly)
by: Alex EngarMost business owners check their bank balance and hope for the best. Here are the 5 specific numbers you should review every Monday morning, with benchmarks for trades and service businesses doing $500K to $10M.
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@Hi there, have a question? Happy to help here via chat.Hi there, have a question? Happy to help here via chat.