How To Calculate Net Profit
In this 5-minute small business class online, you will learn how to choose a business that’s right for you.
Recommended Pre-Requisite Classes: How To Forecast Sales Revenues, How To Calculate Cost of Goods, How To Calculate Gross Profit, How To Forecast Monthly Overhead Expenses
Instructor: Jennifer Croft
Please note: You may have to raise the volume on your computer or phone to be able to clearly hear the video.
In this 5-minute, online class, you’ll how to calculate the net profit in your business – the all-important “bottom line” of a business. To get to this number, you’ll learn about sales/revenues, cost of goods, gross profit, and monthly overhead expenses. Many small business owners confuse “net profit” with “gross profit” and “net profit after taxes.” In this class, you’ll find out the difference between the three types of profit. You’ll also be given examples of net profit calculations, and learn ways to increase the net profit in your business.
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Related ClassesHere are other small business classes online that relate to How To Calculate Net Profit:
•How To Calculate Cost Of Goods (COG)
•How To Calculate Gross Profit (GP)
•How To Forecast Monthly Overhead Expenses
WorksheetsThe following small business worksheets will be helpful for you to use:
•Sales Forecast – 1 year
•Cost Of Goods (COG) Forecast – 1 year
•Gross Profit (GP) Forecast – 1 year
•Monthly Overhead Expenses – 1 month
•Cash Flow Forecast – 1 year
Next StepsAfter taking this class, here are some good next steps you can take:
•Add up the net profit in your business for last month.
•Forecast the net profit in your business for next month.