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How to write an income statement that determines the survival of a small business owner

Beginner
4 chapters · 1 hours 28 minutes
English · Japanese · Korean|Audio Korean

Skills You’ll Learn

[Excel file provided] How to write an income statement

How to identify fixed costs and prepare income statements without errors

Know-how to increase the number of regulars

Realistic and specific tips on how to increase the number of regular customers

How to reduce costs and increase margins

A surefire way to reduce costs and how to increase margin rates without difficulty

How to determine the appropriate level of labor costs

Baseline for hiring employees and know-how on how to set labor costs

About the class

More than half of the stores are ruined even if there are a lot of customers!

CEO Lee Min Woo, who achieved monthly sales of 100 million or more with 10 tables

<Know-how to prepare income statements to increase net profit>


Having a lot of customers in a store and making a lot of money are different issues. Even if the business goes well, there are many restaurants that don't have money falling into my hands. The reason I can't get rich no matter how much I earn is because I got the wrong button right from the start.


There are probably many people who do business without measuring fixed costs. Have you ever felt like your business is going well at first glance, but there's nothing strange left?


I need to carefully record all the money that goes out of my bank account, even if it's worth 1,000 won, so I can accurately know my income and profits. How do you manage invisible money? Even if it's bothersome, you should unconditionally prepare an income statement every month.

Being able to read the flow of my money can I find costs that can be reduced from fixed costs and increase net profit. Let's put our store on a successful path by filling out my own calculation sheet together!


  • Hospitality profit and loss management expert
  • Nation of Delivery won the Delivery Award 4 times in a row
  • 2017, 2019 Baemin Academy Cider Special Lecture
  • 2020 Sebashi 1411th Lecture



Course effect

  • Learn how to properly calculate fixed costs without errors
  • ★ [Excel file provided] Get a settlement sheet from CEO Lee Min Woo, who increases net profit
  • Learn why regulars are important in business and what to do specifically to increase the number of regulars
  • Learn the know-how to clearly reduce costs
  • Learn how to effortlessly increase your margin ratio
  • Learn how to identify appropriate labor costs



Recommended target

  • Those who are desperate for a way to save the store right away
  • A prospective boss who is thinking about starting a business, but profit and loss management is difficult and difficult
  • Certainly people who have a lot of customers but don't have any money left



3 reasons why this class is special

① 100% free profit and loss calculation Excel files actually used by CEO Lee Min Woo

I've prepared a file for those who say, “I've heard that I need to fill out an income statement, but it's too difficult to do it.”


What items are included in fixed costs? rent, labor and material costs?

The moment you think about it all together, there's a hole in fixed costs, and you won't be able to save or save money. I didn't realize the cost of the quarantine company, the four major insurances, etc., but I spend a huge amount of money every month. We've organized everything in an Excel file so that you can manage it carefully without missing items. All you have to do is fill in the amount according to the prepared form, so don't worry!


Ready to succeed?



② From being a part-time student to becoming Vice President of Sushi Kim Tae-wan

1 billion worth of know-how learned by playing directly in the field

There is no list of theories that are difficult to apply. I have neatly organized only the “things that can be eaten on site” that I realized when I actually bumped into my body. In addition to me, I included all the know-how applied in numerous consulting engagements and offline lectures that actually worked.

It saved me 17 years that no large amount of money could replace. This class is for self-employed people who are desperate for the success of our store, especially those who want to quickly find out only the right answers.



③ Choose just the parts you need! View profit and loss management curricula only

This class is divided into a total of three topics. We hope you can capture all three of the most important aspects of running a store with a highly focused curriculum.

1) Delivery Operation Act (4/13 launch)

2) Profit and Loss Management Act (5/4 launch)

3) Human Management Act (launched on 5/18)






Curriculum

Creator

Minwoo Lee

Minwoo Lee

Hello, I'm Lee Min Woo.

I have been in the restaurant business since 2005 and have experience running 7 restaurants including sushi, cafes, and pork cutlet restaurants. He is also the first person to start delivering sushi in Korea, and is currently working as the vice president of Kim Tae-wan Sushi.


[Awards and appearances]

Nation of Delivery won the Delivery Award 4 times in a row

Has appeared on the Nation of Delivery Academy on YouTube, sushi expert edition, business consulting series, etc.

Appeared on KBS Newtime

SBS News appearance

Appeared on MBC Radio Singhyung Bungle Show

Many other broadcasts and YouTube appearances


[Lectures and invitations]

2017, 2019 Baemin Academy Special Cider Lecture

2020 Sebashi 1411th Lecture

2021 Delivery Nation Baemin Friends 1st Season Commissioned

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Notes on Copyright Protection

  • All videos and materials included in the class are protected intellectual property under relevant laws.
  • You may face legal action if you copy, distribute, transmit, modify or edit the videos or materials included in the class without permission.
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