E36 Planning around The Perfect P&L

The overarching goal of every business plan is to make more money. One of the critical ways of determining if your company is operating on a profit is by checking its profit and loss statement (P&L). The P&L is a summary of incurred losses and earnings over a period. What does the perfect P&L look like, and what metrics should you use to see if you have it?

In this episode, I define the perfect P&L and describe how we use it for our clients in Clever Profits. I explain how this concept originated and how it’s designed to maximize a company’s profitability. I describe the various metrics to use to determine P&L. I also share best practices in analyzing business performance and how to get the outcome you set out for.

“The perfect P&L is the foundation of a framework to maximize the performance of businesses and clients we’re working with.”
– Adam Rundle

This week on the Expensive Advice Podcast:

Understanding how the perfect P&L works

Where the concept of the perfect P&L started

How to use the perfect P&L to maximize profitability

Why profitability isn’t the end all be all

The variables used to determine perfect P&L

Finding your company’s key drivers for higher profits

Knowing your profit margins and other questions to analyze performance

Applying reverse engineering to identify your desired outcome

 

Turning Boring Money into FUN Money

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