How I Use a P&L to Find What’s Broken in My Business | EP 41

Ready to take control of your business finances using military-proven strategies?

In this episode of Diehard Entrepreneur Stories, I share how I analyze my Profit & Loss statement like a pro, using methods I learned during my time in the intelligence community. This approach helps me quickly spot problems and make smarter decisions to grow my companies.

I start by looking at the big picture—net income and gross profit margins. From there, I dig into the details to identify any leaks or issues within expenses, like payroll or marketing, that might be draining my business.

By working backwards from the results I want, I stay focused on what matters most. This system isn’t guesswork; it’s a data-driven way to move faster, be more organized, and ultimately maximize profitability for sustainable growth.

I’m on a MISSION to help entrepreneurs build strong, successful businesses.

Get on board at: 🤝

https://www.devinramos.com

TIMESTAMPS

00:00 - Introduction

01:15 - Overview: Three Companies and A CFO Role

03:00 - Military-Inspired System for Analyzing P&L

05:15 - Big to Small: Focusing on Net Income First

08:30 - Understanding Gross Profit and Its Importance

10:15 - What to Check: Net Income Margin & Gross Profit Margin

12:45 - Problem Solving: When Net Income Looks Off

15:00 - Digging Into Gross Profit Issues: Revenue vs Cost

18:00 - Expense Analysis: Payroll and Marketing Checks

21:30 - Quick Wins: Cutting Bleeding Expenses

23:45 - Steering the Ship: P&L for Checking, Not Steering

26:00 - Recap and Challenge: Master Your P&L for Faster Decisions

🎧 Watch on Youtube:

https://youtu.be/b2Cs_ZBQFKk

⚡ Let's stay in touch:

Instagram:

https://www.instagram.com/devinramos/

Facebook:

https://www.facebook.com/devinjramos035/

LinkedIn:

https://www.linkedin.com/in/devin-ramos-602a811ab

🎬Produced by:

https://daretopodcast.com/

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