P&L: What is P&L and the Profit & Loss Statement

profit and loss statement

Updated August 2020 When it comes to financials, it seems that there are two types of business owners: Those who know every number, where it came from, what it means, and what to do about it, and those who feel overwhelmed by the accountant jargon and sea of numbers and therefore choose to ignore it […]

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Increase Your Restaurant’s Profitability With These Tech Innovations

Restaurant Technology Implementations

As consumer behavior continues to change, businesses must adapt to succeed. This is no different in the foodservice industry. Over the last few years, there have been a multitude of technological innovations focused on streamlining restaurant operations, but many of them are still underutilized. Here are four ways that technology can help you improve your […]

Providing Professional Services That Are Good for People, Planet, and Profit (3P)

Providing Professional Services That Are Good for People, Planet, and Profit (3P) Like any other small business, providers of professional services — such as doctors, lawyers, accountants, and architects — need to generate profits in order to stay in business and continue serving their clients. But while earning a profit is the most obvious goal of running […]


Eyes on the Prize: 3 Ways to Stay Focused on Profits

Your number one goal as a business owner is to make money, so don’t be ashamed to make profits a top priority. Misty Young explains how.

Cash Flow vs. Working Capital: What You Need to Know

cash flow vs. working capital

Do you understand the difference between working capital and cash flow? Here's what each term means and how they affect your financial responsibility.


The P&L Statement Is Your Report Card: How To Get an ‘A’

Profits and losses are fundamental to your business's success — so take control of them. Here's what to look for on your P&L statement.

Forget Net Profit; If You Want to Grow Your Business, Focus on Cash

A business can go under even though it’s profitable. To understand why, you need to know the difference between net profit and cash profit.


How to Know If Your Business Is Franchisable

Every business can be franchised, but not every business *should* be. Here's what needs to be in place for a business to be successfully franchisable.