This week is a little different from the rest because I’m on vacation!

My tasks for this week are to relax, be present with my family, and watch Adalynn play in the sand for the first time. There’s something magical about seeing her tiny hands discover the world around her. It’s moments like these that remind me of the importance of balance

Between work and play.

Between understanding the big picture and the details.

Speaking of balance, let’s talk about something crucial for your photography business: understanding the difference between net profit and gross profit. It might sound like a dull topic compared to a beach day, but trust me, it’s essential for your business health.

New YouTube Video: Gross Profit vs. Net Profit

In my latest YouTube video, I break down the differences between net profit vs. gross profit. Understanding these concepts can help you make informed decisions, budget more effectively, and ultimately, ensure your business is profitable. Here’s a quick rundown of what we will talk about:

1. What is gross profit?

2. What is net profit?

3. How to calculate each of them?

4. What does it mean for the financial health of your business?

Why does this matter? Both are key to steering your business in the right direction. You just have to know which is associated with what to understand if your business is making money.

So, while I’m enjoying this precious beach time with Adalynn and my family, take a moment to dive into this video. It’s a quick watch but packed with information that can help you better understand and manage your finances.

You can watch the video below.

XOXO ~ Heather Marie

Other Blog Posts for Photographers:

Weekly Tax Organization Rhythm

Self-Employment Tax Overview