Profitability analysis

How to Know if Your Business is Profitable (and what to do if it isn’t)

How to Know if Your Business is Profitable (and what to do if it isn’t)

If your business has money in the bank, that means you’re profitable, right?

Maybe, but maybe not.

To determine your profitability, we need to understand your business’s gross profit and net profit, all while analyzing your processes and overall costs of doing business.

Is all this making your head spin?!

Let me offer a simple guide to help you understand your business’s profitability and a few ideas on what to do if it isn’t. Let’s begin!