If you're struggling to read or understand the P&L sheet, you're not alone. The main reason is you are too busy working to figure it out.
But when you study your P&L sheet, you'll find holes in your business. And after several months of doing this exercise, you'll be able to identify and correct those issues.
Business Advisor Bill Ringle runs a successful advising firm. He helps business owners figure out what problems they have, no matter how big or small they may be. And then he solves those challenges to help grow their businesses. Bill shares how to understand a P&L sheet.
In this episode, discover how you can grow your business by understanding the hard skill of reading your P&L sheet.
Show highlights include:
- How creating systems while working for someone else skyrockets your own company (3:10)
- Why mortgaging your home as a long-term education advantage blows up your business (3:46)
- How preparing your weekly schedule on Sunday night sets you up for success (even if you already are doing well) (4:05)
- The “Hard Skills Approach” that drills down your business to its core of failure (and how you can turn your company around in 6 months) (4:47)
If you found a golden nugget of wisdom in this episode, share it on social media with the hashtag #ResultsLeaderFM to help spread the word.
If you loved what Bill revealed in this episode, you’ll find more of him online at his website https://www.systemringle.com.