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 ...