00:00Your shop sales are increasing, but you still have no money left at the end of the month.
00:04Why?
00:04Have you ever thought about it?
00:05A business was increasing its sales every month.
00:08The owner was happy because he thought the business was doing very well.
00:11But when he checked the accounts at the end of the month, he found that the profit was
00:14very low.
00:15He thought, if the sales are so high, then where is the money going?
00:18The real problem was this.
00:20He was only looking at sales.
00:21He was not looking at the product cost, shop expenses, delivery costs, and other business
00:26expenses.
00:26Some products were selling very well, but the profit on those products was very low.
00:31That's why, just looking at sales is not enough.
00:33Every month, make sure you check these three things.
00:35How much did you sell?
00:37How much did you spend?
00:38And how much actual profit was left?
00:40You can easily track all this in an Excel or Power BI dashboard.
00:43Then you can clearly see which product is making money and which product is only generating
00:47sales.
00:48If your business has the same problem, comment profit.
