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Podcast: HVAC School - For Techs, By Techs
Episode: Profitability and Money Leaks in HVAC w/ Ruth King
Description: In this episode, Ruth breaks down some of the main things an A/C contractor needs to consider when looking at their numbers and some of the major leaks that can lead to unprofitability. Profit and loss (P&L) statements are critical for determining the profitability of your business. You can use it to find money "leaks" in your business model. When making P&L statements, ensure that the revenue AND costs for a given product are in the same month for best accuracy. Most small businesses don't look at their profit and loss statements...