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Looking for business advisors or consultants for your business? Get in touch with us here: [email protected]

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This is the 2nd episode in a 5-part series on The Daily Coffee Pro Podcast by Map It Forward.

This series on the podcast is a solo series with Lee Safar to give business owners in the coffee supply chain an insight into how Map It Forward is preparing our 1 on 1 clients and participants in our Mastermind Groups for the volatility of 2025 and 2025.

The intention behind this series is to guide those who, for whatever reason, cannot access our consulting services or Mastermind Groups.

No element of this podcast series is meant to be advice for your business. You should seek the professional services of a business advisor or consultant that fits the needs of your business if you require assistance.

In this series, we will cover the following 5 features in business:

1. Steps for Getting Informed About Coffee's Current Volatility - https://youtu.be/3Ci6N6EVHzc

2. Understanding Your Business and The Market - https://youtu.be/DpjfCC4SXmo

3. Risk Management In Your Supply Chain - https://youtu.be/r_zS22fYM3U

4. Communication with Your Business Stakeholders - https://youtu.be/YAraTB9XqEQ

5. Strategic Planning For This Market Volatility - https://youtu.be/99M61AyffNQ

In this episode of The Daily Coffee Pro by Map It Forward, host Lee Safar delves into understanding your profit and loss statement to grasp your business's financial health.

This episode covers key financial terms, the importance of mastering P&L statements, and introduces a business blueprint for new and established businesses.

Lee emphasizes the necessity of understanding financial statements, including cash flow and balance sheets, as well as inventory reports and customer acquisition planning. This knowledge can help manage business risks and enhance profitability.

00:00 Understanding Your Profit and Loss Statement

00:47 Sponsored Message: Become a Coffee Consultant

01:26 Introduction to the Series

01:35 Preparing for Market Volatility

02:49 The Business Blueprint

04:31 Importance of Financial Statements

11:27 Inventory Management and Costing

15:29 Knowing Your Customer

17:20 Becoming Undeniable in Business

18:59 Conclusion and Next Episode Preview

Connect with Lee Safar and Map It Forward here:

https://mapitforward.coffee

https://www.instagram.com/mapitforward.coffee

https://www.linkedin.com/in/leesafar/

[email protected]

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Connect with Map It Forward here: Website | Instagram | Mailinglist

💡Support this podcast on Patreon here: https://www.patreon.com/mapitforward

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🎙 Check out the audio version of our podcast here: Apple Podcasts | Spotify

🧐 Find out more about Map It Forward Mastermind Groups here: https://mapitforward.coffee/groupcoaching

Looking for a business advisor for your established coffee business or startup? Email us here:

📧 email: [email protected]