How I Learned to Read a Profit & Loss and Why I Teach Others

I was exposed to business numbers long before I ever owned a business. Profit & Loss statements, sales trends, inventory, expenses, just to name a few. These were normal conversations in my world growing up. And when I became a small business owner, that knowledge became my secret weapon. But as I started meeting other small business owners, I realized something big: they WANTED to understand their numbers… they just didn't know where to start. Today, I share my journey with the P&L and why it quickly became my tool for growing a profitable business. The truth is, small business P&Ls aren't that different from big business P&Ls and small businesses have far more in common than you'd ever imagine. No matter what size your business is, your Profit & Loss statement is the key to understanding your money, increasing your profits, and making smarter decisions. Let's make the P&L your new superpower. ----------------------------- DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS 👉 Check Out the AFFORDABLE - Know Your Business Numbers Course NEED A BOOKKEEPER? 👉 Check out BABO Bookkeeping. Yep! We can help you do your bookkeeping so you can focus on growing your business! CONTACT ME: 👉 Bookkeeping for Your Business: tammy@babobookkeeping.com WATCH VIDEOS: 👉 Watch on the Youtube Channel - Plus EXTRA TRAININGS on there: ----------------------------- TOOLS TO HELP YOU RUN A BETTER BUSINESS Recommended Bookkeeping: 👉 The Tool You Need: Quickbooks Online - You must have a good, easy to use bookkeeping system. The option for those needing invoicing & online payments ----------------------------- Books I Recommend to Help You Take Your Business to the Next Level 👉 Profit First by Mike Michalowicz – 👉 eMyth Revisited by Michael Gurber - 👉 How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off – Donald Miller - 👉 Atomic Habits by James Clear - 👉 Building a Storybrand by Donald Miller - 👉 The ONE Thing by Gary Keller & Jay Papasan - 👉 The 12 Week Year - Brian Moran & Michael Lennington - ---------------------------- 👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better 👉 DISCLAIMER: I am not an attorney, CPA, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I'm sharing my experiences with my businesses and those I have worked for and/or helped coach.

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How I Learned to Read a Profit & Loss and Why I Teach Others is an episode from Badass Business Owners: Tips for Small Businesses Serving their Communities by Tammy Adams.

This episode is 18:47 long.

This episode was published on Jan 26, 2026.

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