To figure out profits and loses for a small business, input all income and expenses into a software program that will determine how much money has been made and how much money has been lost on expenses. Enter expenses and loses into an accounting program by considering rent, employee salaries and other business purchases to determine profits and loses with help from a businessman in this free video on small business profits.
Expert: Mike Mitchell
Bio: Mike Mitchell has a masters degree in education from the University of California, Los Angeles and bachelor’s degree in political science from University of California, Irvine.
Filmmaker: Paul Volniansky