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Podcast: Be a PROFITABLE Badass Small Business Owner
Episode: Why You Need to Include Your Labor Hours in Your Cost of Goods Sold
Description: Should your labor hours be included in your cost of goods sold? Your COGS should always include any labor hours (including your own) that are part of creating or making the products as well as installing or providing the service. Today we will take a look at an example of someone that produces their own products and then resells them. If you want to be priced correctly and have a clean profit and loss, then take a listen. YouTube Videos on P&L that Can Help: 👉 Profit & Loss Income Statement for Beginners 👉...