Why Segment Your Profit and Loss Statement

[ Blackboard Fridays Ep. 98 ]
by Jacob Aldridge Published

Most business owners fall into two extremes - those who love their financial reports and barely go a day without having a peek (go cloud accounting!), and those who read what their accountant sends them each year ... maybe.

As we've discussed in previous episodes, great financial reports provide timely and valuable information to business leaders, helping you make better decisions today and for the long term.

In this week's Blackboard Fridays episode, we welcome back John Knight from businessDEPOT to talk about one report specifically - your P&L (Profit and Loss) Statement. As your business grows, the simplistic clumping of information (that saved you time at Start Up) will mean you're missing out on the nuances that may reveal super profitable opportunities ... or parts of your business that are secretly losing a lot of money.

So what is 'Segmentation'? And how can you apply it for more Profit? 

SUBSCRIBE TO BLACKBOARD FRIDAYS.

Take 5 minutes each week to focus on your business instead of dealing with the demands of working in it.

Blackboard Fridays

Jacob Aldridge
read more by Jacob Aldridge

Over the past 12 years, more than 300 active growth businesses in Australia, the UK, and Asia-Pacific have worked with Jacob in his role as an international business coach, partner and advisor.

As Director of Advisory at businessDEPOT, Jacob continues to work one-on-one with SME businesses and directors, while also leading the development of our Strategic Advisory services across Workshops, Group Programs, and Online business guidance.

Jacob's alumni clients and those who have attended his presentations describe him as the smart and quirky business guy who makes genuine change happen. He brings business experience that impacts both profit and valuation, plus a unique energy borne from the belief that business is best when it's fun.

[ Never miss a Tool, Tip, Resource or Event ]

Join the businessDEPOT community and get the latest advice
and insight directly to your inbox.

Tax

Get All Zen With Your Tax

Get In Touch

insights

[ We help businesses and individuals of all shapes and sizes, and provide insight based on our extensive experience. ]

[ About ]

[ businessDEPOT is driven by a team of plain-talking, energetic and proactive people, and we believe in a fresh approach to providing advice and accounting services. ]