What's in a Business Name?
What is Your USP | Your Unique Selling Proposition

 

Is Labor Part of Cost of Goods Sold?

~

 

Service-Based Business Owners Must Include Labor Hours in COGS

 

 

CLICK TO GET YOUR FREE 8 STEPS TO $100,000 in TAKE HOME PAY eBOOK

 

Is Labor Part of Cost of Goods Sold

Episode 279 – The Local Small Business Coach Podcast 

Why You Should Include Labor Hours in Your Cost of Goods Sold

 

Service-Based Business Owners Must Include Labor Hours in their Cost of Goods Sold in order to get a true cost basis and calculate a true gross margin on their services. Especially when labor is part of the actual service.

Most importantly, solo business owners need to include labor hours too! They need to assign a typical hourly wage as if they have hired someone other than themselves to do the job. This is the only way to get a true COGS for services.

 

Listen below.

Tammy

 

 

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 

Ready to Dive in and Learn Your Business Numbers Better?


 

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

https://www.facebook.com/groups/badasslocalbusinessowners

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.

 


 ~

HELPFUL LINKS

 

Start Earning More $$$

Book mock up 8 steps bbo

Tired of working 60 - 70 hours a week and still barely making ends meet?

What if you could start earning more money right away and not increase the hours you are working?

In this ebook, I'll introduce you to the 8 Steps to start increasing your sales and revenue right away.

So, if you are ready to Start Making $100,000 in TAKE HOME PAY...

Download the book today to get started!

Don’t You Think it is Time You Start Making What You Deserve!

Powered by ConvertKit