Joshua NelsonSeven Figure Agency · Mentor / Coach at Seven Figure Agency

If revenue grows but profit drops, your numbers are off

Name: If revenue grows but profit drops, your numbers are off
Uploaded: 2026-03-30T16:01:52+00:00
Duration: 16 s
Channel: Joshua Nelson
Description: In this brief advisory segment, the speaker emphasizes that business owners must review their profit and loss (P&L) statement at least monthly—ideally at…

30 Mar 2026 · 0 min

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In this brief advisory segment, the speaker emphasizes that business owners must review their profit and loss (P&L) statement at least monthly—ideally at month‑end—and do so together with a qualified bookkeeper or financial professional. Regular monitoring prevents hidden waste and declining profitability that can occur when revenue rises but profit falls, underscoring the owner’s responsibility to stay actively engaged with the numbers.

At a minimum, you should be looking at the P&L on a monthly basis. We tend to look at ours at the end of the month. Hopefully you've got a bookkeeper, ideally some type of financial person that's also looking at that with you. And if you don't take the time as the owner to look at those numbers, to monitor those numbers, you're gonna wind up with waste. You're gonna wind up with lack of profitability.