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The Complete Idiot's Guide to Starting And Running A Coffeebar by Susan Gilbert, W. Eric Martin, Linda Formichelli

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Chapter 18
Money Matters
In This Chapter
  • ◆Taming the cash flow
  • ◆Sales by the week, earnings by the month
  • ◆Taxman management
  • ◆How to beat the cheats
 
How can you tell if your coffee bar is a success? The number of customers served or the amount of goods sold per customer might sound like a good measuring bar, but to find out where you really stand financially, you need to look at far more concrete numbers: specifically, your net income, or the amount of money coming in minus the amount going out.
But nailing down your net income comes only after you’ve tracked a lot of other numbers as well, such as employee hours worked, utility expenses, and the cost of new goods and inventory on hand.
Tracking these numbers doesn’t require a math degree—only an eye ...

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