Is the Math Mathing?

Understanding Profitability, Net Revenue, COGS, etc.

Introduction: Grasping the financial fundamentals is crucial for any business owner, especially when planning expansion or franchising.

Breaking Down Financial Concepts:

• Profitability: It's not just about revenue; it’s about how much money is left after expenses.
• Net Revenue: This is your total income after deducting discounts and returns.
• Cost of Goods Sold (COGS): A direct cost tied to the production of the products your business sells.

CEO Hack: Regular Financial Reviews Conducting regular financial reviews helps you stay on top of your business’s fiscal health.

Engaging Question: How do you plan to leverage these financial insights to optimize your business's growth and profitability and what other measurements are you tracking in your business?