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[Razor1911]

The profit and loss statement is your ultimate results. All the efforts that you put in your business comes down to this statement ultimately. The profits magnitude will indicate your plans are working well, where as negative result means you will need some improvement in your plan.

It is very important to analyze it. Most people tend to overlook it, but a proper analyzing is necessary. A thorough look out will give your insights if business and you can check your strong points and weak points, and adjust your Marketing plan accordingly.

 

[Ridorz]

Profit and loose analysis is very important to be done in terms of business practicing in which to know either business is progressing or not. It's really help to evaluate your business Worthy.

 

[Razor1911]

Profit and loose analysis is very important to be done in terms of business practicing in which to know either business is progressing or not. It's really help to evaluate your business Worthy.

After a certain period of time in the business, the methodology that is applied for checking the sustainability of the company is the PNL or profit and loss. It is determining factor which shows if your business is expanding or contracting.

 

[Corzhens]

The profit and loss statement is usually the final result of the recorded transactions which can be produced by an accountant or a bookkeeper. However, the profit and loss statement is produced by the end of the month only. To get a feel of the sales performance the ledger can be read for a small business.

 

[delnovem]

This is necessary in every business for you to check your profit and loss statement of account. It might not be a daily routine but atleast weekly or monthly to Know if your running at loss or at profit. This will help the business owner to amend.

 

[Chibson]

Of course, any business person who does not analyze profit and loss statement will definitely fail. It's very necessary to know how far you've gone in your business.

 

[ELSA-ELI]

Honestly this is the next step for me as a person in business for online work because i have just been concentrating more on funding the business than making a profit out of it.Mostly I just withdraw something for data bundles or subscriptions as opposed to making a real analysis from online work.But it is important to be serious to take not how much is spent and brought out from all businesses.

 

[LutherKing]

The Most Important Thing Is Once You Are Starting To Profit Hire Someone For The Work To Help While You Can Focus On Thinking Unique Ideas For Business .

 

[07Trinity]

The profit and loss statement is your ultimate results. All the efforts that you put in your business comes down to this statement ultimately. The profits magnitude will indicate your plans are working well, where as negative result means you will need some improvement in your plan.

It is very important to analyze it. Most people tend to overlook it, but a proper analyzing is necessary. A thorough look out will give your insights if business and you can check your strong points and weak points, and adjust your Marketing plan accordingly.

Any business enterprise that is found wanting in this aspect is not ready to survive the business heat,calculating profit and loss is the margin we use in underlying our business goals.

 

[ashim kate]

There is what is called evaluation in business. I always try to analyse my business performance every month on a short-term and every year on a long-term. I should be able to know if I am on profit or owned a loss and then try to look for the way forward.

 

[a_jerobon]

This is very true. Profits and losses need to be analyzed really well in a business. That way, you know your strengths and weaknesses really well. Such organisation always lead to great success in business.

 

[Wisdom01]

Yeah I analyse your profit and loss statement ,and see the amount I could make from my business and know the financial position , most times it could be more of profit and less gain or more of loss

 

[ashim kate]

I always try to analyse the money that I have made or loss on a weekly basis and also on a monthly basis. This will be able to allow me to know if my marketing campaign has been paying off or it has not. Knowing this will allow me to plan my next line of action on whether to go back to the drawing table or not.

 

[AudraMiller]

The profit and loss statement is your ultimate results. All the efforts that you put in your business comes down to this statement ultimately. The profits magnitude will indicate your plans are working well, where as negative result means you will need some improvement in your plan.

It is very important to analyze it. Most people tend to overlook it, but a proper analyzing is necessary. A thorough look out will give your insights if business and you can check your strong points and weak points, and adjust your Marketing plan accordingly.

It is imperative that you look at these statements because this will tell you whcih parts of your business is a resounding success and which parts are of concern or that are not doing well and therefore you can decide how to adjust and make them better in the future as well.

 

[kaycee001]

I think its very important to analyze your profit and loss statement because it helps to show if the business is growing or not. Making unbias assessment and working on loopholes will help to put the business in the right path for greatness. Any serious businessman must always check those statements at a given time interval

 

[ashim kate]

Your ability to be keenly able to manage your profit and loss statement is going to speak so highly of you. This is actually the most important thing in your business and it is going to indicate whether you should be looking to implement different ideas on you should continue with the one that you are having.

 

[AudraMiller]

Your ability to be keenly able to manage your profit and loss statement is going to speak so highly of you. This is actually the most important thing in your business and it is going to indicate whether you should be looking to implement different ideas on you should continue with the one that you are having.

It is very important because if you have other people that are managing your finances as well and if you are unable to read the statements then you will not be able to see or discern if they are stealing from you at any point in your funds and that will cause failure of the business.

 

[Kubiat-Abasi]

The profit and loss statement is your ultimate results. All the efforts that you put in your business comes down to this statement ultimately. The profits magnitude will indicate your plans are working well, where as negative result means you will need some improvement in your plan.

It is very important to analyze it. Most people tend to overlook it, but a proper analyzing is necessary. A thorough look out will give your insights if business and you can check your strong points and weak points, and adjust your Marketing plan accordingly.

Definitely I do analyse my loss and my profit statement I don't even think it is feasible or wise to just keep on without calculating. That is a source of motivation and also it will help you to evaluate analyse re-strategize if need be. I do opt for weekly analysis where I calculate my profit my losses and I make amends to boost sales and prevent future losses.

 

[AudraMiller]

Definitely I do analyse my loss and my profit statement I don't even think it is feasible or wise to just keep on without calculating. That is a source of motivation and also it will help you to evaluate analyse re-strategize if need be. I do opt for weekly analysis where I calculate my profit my losses and I make amends to boost sales and prevent future losses.

It is good that you are using it as a way to try and evaluate the business that you have because there is a lot of time that these statements will help you in deciding where are the areas of concern in the business and what you can do in order to change that and make it better as well.

 

[Brain]

Profit and loose analysis is very important to be done in terms of business practicing in which to know either business is progressing or not. It's really help to evaluate your business Worthy.

I intend to be doing this when I start my business because it will be a good way of getting to know about any fraudulent activities as early as possible. it will also help one to know about ones income and liabilities. so checking the profit and loss is very important. if not done weekly it should be done periodically.