I was helping my friend go through her books the other day for her business. As she is still in her first year she had a lot of questions and was thankful for all the help she could get. She wanted to know more about profit systems, as it seemed, to her, like she was not making much money.
I explained to her that you would very rarely see real profits during the first year of business, as most of the profits are put back into it the first year. She understood this and we crunched away at numbers for the entire evening.
She seemed to have all of her investments in very good order and her books were kept very well organized and up to date. This made it a lot easier for us and we decided, after more number crunching, that her business was going to do quite well.
We also went ahead and looked up some business reviews on similar businesses and we found out that she is right on track to where she would be. I think she slept well that night for the first time in a long time.
