Give classes to help managers at each store learn how to read a P&L.
By teaching managers how to read a profit and loss (P&L) statement you’re also showing them what you are tracking and how you are tracking it, how losses impact the company and the costs and expenses that the sales dollars need to cover. What’s more, it helps them feel a sense of ownership in protecting the bottom line.
Send your ideas to Senior Editor Erin Rigik Del Conte at [email protected].