@itsdianatodd: Knowing the direct costs in your business -whether you're service-based or product-based, will help you get ahead in determining what your gross profits are. Follow this simple formula: 🔢 Sales - Direct Costs = Gross Profit Follow me for more tips if you found this helpful! #directcosts #servicebasedbusiness #productbasedbusiness #profitandloss #profitandlossstatements #salesandpurchases #grossprofit #shippingproducts #businesstips #smallbusinesstips #businessmoney #profitablebusiness #sustainablebusiness #pricingforprofit #pricingstrategy #businesscosts #behindthebusiness #businessmoneymindset
