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Free resources for retailers https://www.retaildogma.com/learn/ Learn how to improve revenues and reduce costs in our free P&L Management Guide: https://www.retaildogma.com/pl-manage... What is P&L Management? P&L management refers to analyzing the income statement of the business, and taking actions if needed, in order to maximize profits for the business at the end of the reported period. The P&L statement is generated by the business on a monthly, quarterly and yearly basis. It gives a snapshot of how the business has performed during the particular reported period, and gives an idea on how efficiently this business is being managed. It should, however, be combined with the other financial statements , the balance sheet and cash flow statement, to give the whole picture of the performance of the business. In this video, we explain the basics of P&L management for a retail business. ABOUT US: Retail Dogma is an online platform that teaches retail & ecommerce; from the very basic knowledge for beginners, to the most actionable, technical, advanced knowledge. All the materials are prepared by professional retailers with more than 14 years of experience. We cover everything, from buying products, pricing, merchandising, managing sales, managing inventory, managing cash flow to managing financials. Visit our website and start reading through our free retail management guides and articles, and download our free templates and cheat sheets that will help you while starting a retail or ecommerce business. 📕 Learn Retail & Ecommerce Management https://www.retaildogma.com/ FREE DOWNLOADS: - Retail Math Formulas Cheat Sheet - Retail Business Plan Template - Shrinkage Action Plan - Fashion Boutique Opening Checklist - Store Signages & Posters ⬇️ Downloads: https://www.retaildogma.com/downloads/ USEFUL LINKS: 📊 Retail Benchmarks: https://www.retaildogma.com/retail-be... ➗ Retail Math Formulas Cheat Sheet: https://www.retaildogma.com/retail-ma... 🎓 Retail Management Courses https://www.retaildogma.com/academy/