A Profit & Loss Statement (P&L) can help you track your lash businesses revenues and expenses throughout the year. It can also be used to forecast how much your business will make in the future. This is an important tool, particularly if you plan to get a commercial lease. Landlords may ask for revenue projections for up to five years. It is also helpful for benchmarking how your lash business is doing, month over month, year over year.
We’ve created this handy dandy template to help our Business of Lashingbabes start their business off on the right foot. To access the worksheet:
- Follow the link below to the Google Sheet
- Click “File”
- Then “Make a copy” to save and edit the sheet
Start by updating this spreadsheet with your actual expenses and revenue each month. It will give you a good idea of what to expect in the future and how you can grow!
If you have any questions email us at FreeNaps@winqlashbar.com.
Michelle & Nicole
The Lovewinq Team
For more information or to register for the next Business of Lashing Course click here.