At trade enterprises, it is necessary to keep records of activities in order to be aware of the results of the current period. Since the main direction of a trading enterprise is making a profit, it is this that will be the economic indicator of the store's operation.
Instructions
Step 1
Consider the profit of the store for any period of time that you think is necessary. Most often, monthly revenue is added. For this purpose, audits are being carried out, according to the results of which certain figures are already being displayed. They include the cost of purchasing the goods and the profit received from the sale. When you subtract purchase costs from revenue, you get a result called gross revenue.
Step 2
Calculate your net profit. To do this, you need to calculate all monthly costs, which include the rent of the store and warehouse, electricity costs, staff salaries, various acquisitions and purchases, as well as fines. Include, for example, the cost of cleaning supplies or the purchase of equipment such as shelving or display cases. Add up all expenses. Subtract all expenses from gross income. The resulting value will be the net profit of the store, which you can dispose of at your own discretion.
Step 3
Calculate the projected profit for the store. This is necessary to obtain the possibility of further planning in order to expand the range and sales area or purchase additional equipment. The planned profit does not always coincide with the real one, so do not forget to take into account the error, which consists in the actual decrease or increase in expenses or the sale of goods. Be sure to include the seasonality of sales and potential hardware issues.
Step 4
Multiply the projected sales by the markup to get the projected revenue for the business. Next, subtract all expenses from the planned revenue according to the scheme you already know. This will give you the most accurate projected profit. In some cases, it is additionally required to add the sponsorship (donation) to the gross profit.
