Lesson 3: The Difference Between Net Profit and Gross Profit
Course content (10 lessons)
Module 1: A Simple Guide to your Profit and Loss Statement
01 |Module 2: Cash Flow and Accounting Systems
Net Profit is the type of profit I’m sure you are all very familiar with.
If you’re just starting your business, it’s likely that you won’t have much net profit. That’s because you may be investing every spare dollar back into marketing and advertising. That’s ok, but as your business matures, you will want to start thinking about being profitable!
In this lesson, we break down how to accurately calculate your net profit and how to improve it over time.