5/1/2020 0 Comments May 01st, 2020Profit Loss Projections:
This week I am continuing my work on the business creation spreadsheet. In particular The Profit Loss projection. A profit and loss, or P&L, forecast is a projection of how much money you will bring in by selling products or services and how much profit you will make from these sales. You can also create your own forecast, using a basic spreadsheet. Google Applied Digital Skills gave me a short video to watch on how to properly set up the spreadsheet. I had to download a serrate spreadsheet from last week. I added my income streams and how much revenue I will make per month. Along with that, I did my gross profit. The main point for this spreadsheet was to make sure that you make more money than you spend. For example, on employees salary and expenses. Some issues I had this week were trying to figure out the format of the spreadsheet. I have not used many spreadsheets. As time goes on, one of my goals was to master the spreadsheet.
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May 2020
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