Do you know when you last looked at your P&L? For many of us we have the numbers that are important in our heads…..but what about the ones that are not in our heads?
Numbers tell the story of our sales cycles, project timelines, costs of goods….I could go on and on.
Don’t know how to read your P&L (story)? To learn is simple. Each month print a P&L lay last months next to it (or use comparison print format showing last month, this month and variance). What is different, what is the same? Begin asking questions, what makes up that number? The more you look that more the story unfolds.
Numbers are not something to be afraid of. Remember knowledge is power. Knowing our number story empowers us to take our business to the next step.