Profitability and Money Leaks in HVAC w/ Ruth King

HVAC School - For Techs, By Techs · Mar 7, 2017 · 28m

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 at least monthly, which is the best practice for keeping track…