Are You Making Any Money In Your Business?

“Money, get away
Get a good job with good pay and you're okay
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream
Think I'll buy me a football team” Roger Waters - Pink Floyd

Money is a popular subject in songs, conversation and in business. If you are not making any of it then you are the worlds’s best hobbyist. If you are not making enough money then you will soon be looking for a “good job with good pay” as reference in the Pink Floyd song above.

Do you know if you are making any money? If your response is yes I looked at my checking account then you are not on the right track. The only way to know if you made a profit in your business is to look at your financial statements specifically the income statement. If your books are not up to date then you are flying blind. The end of the year is approaching and more importantly estimated taxes are approaching even faster in a few days. If your books are not up to date how will you know how much or how little taxes to pay the IRS. Yes, money is a popular subject for many reasons and for good reason.

The over arching goal as an entrepreneur is to make a profit so that you can continue to share your gifts with the world.

Are you making any money in your business? If you are not sure then it is time to stop and figure it out.

Keep It Sunny!