The Locker: Sports & Memorabilia Resale
Welcome to The Locker, your online purchasing and selling business! Your overhead and start-up cash figures are below. Let’s get selling!
Website: $50/month self hosted
Shipping materials: $500/month
Your First Month’s P&L Spreadsheet
Each month, you will do a P&L Spreadsheet for your business. This spreadsheet will measure your monthly PROFIT & LOSS. P&Ls are very important to your business. You must accurately track where your income comes from and where it must go in order to maintain your business. Your first month of business was May, so June 1st is the time to calculate what you made.
These amounts may or may not vary from month to month. All businesses will incur expenses you did not expect, so having cash on hand is a must.
Looks like you had a few items returned this month. Be careful that returns don’t interfere with your profit.
Use the spreadsheet below to calculate your “What ifs.” For example, change the Sales Revenue from $4,100 to $5,500 and see what it does to your Bank Balance!
Check out your first month! You made a profit – Congratulations!!
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We’d love to hear from you.
24031 El Toro Road, Suite 210
Laguna Hills, CA 92653