Get an overview of your debt and expenses
from Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
How to Apply This
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Print out all income statements and statements related to debt for the last twelve months.
Credit card statements, loan statements, and accounts payable reports are all debt statements. -
Highlight all labor costs such as salaries and commissions.
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Highlight all expenses related to generating revenue.
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Highlight any other expenses you believe necessary to keep your business open.
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With a red pen, circle expenses that repeat every month.
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