Hey soulful people, this is episode number 65 of the Better Life Better Work Show. Today, because you are soulful and because you want to create success for your soulfull life and work, we are going to be talking about the Spiritual and Emotional P&L. This is a concept I use, and have used, with my business owner clients, especially back in the recovering overachiever days. This was born out of working with really high achieving clients who are doing really well but often experience burnout, fatigue, or were working in jobs and situations that just, it didn’t matter how much money they made. They weren’t enjoying their life, there was nothing left over at the end of the day. So let’s hop right in.
(PS: thanks for your grace with these transcripts turned to blog posts – I get that I don’t think in straight lines and translating that to text is interesting for sure!)
As a business owner, hopefully, you have a P&L. If you don’t, I highly recommend that you get a P&L and that you begin to know and look at your numbers. I know it can be daunting if that’s not something you’ve done, but a P&L or a profit and loss statement is a financial statement that summarizes revenue, cost, expenses and more. But I’m going to leave those details out for now. It measures the ability of your business or inability of your business to generate profit. The definition of profit is a financial gain, especially in the difference between the amount earned and the amount spent.
As a business owner, I know that I work closely with my bookkeeper to have my P&L available at all times. I get monthly reports. And what I love is that I’m not basing the health of my business on my current bank account, which in my early business days, it was very easy to make up stories about my business based on the number in my bank account at any given time.
Also, looking regularly at my financial profit and loss also helps me see patterns. It helps me see cycles. It helps me track expenses. It helps me track the cost of business, which is slightly different than expenses. And, the big difference is in revenue and net profit.
Often, especially in the online world when nobody is sharing their profit and loss, many, many advertisements and people will talk about their revenue. Revenue you guys, let me tell you a secret. Revenue is nothing. What really matters is your net profit, your net. So revenue minus all your expenses and costs, what is left over? In my world, this is also where this concept of spiritual and emotional profit and loss came about.
 
I’m going to leave the financials for another episode, another time, or for you and your accountant. But I want you to think about your Emotional and Spiritual Profit and Loss. And to do that, just like in financials, you need to know what is the equivalent of income or revenue.
 
For example, are you aware in both your life and your business, what gives you energy? What expands and enhances your energy, your time, your satisfaction, your joy. So that your emotional and spiritual tanks stay full. And what I mean by emotional and spiritual tanks, is that most everybody I know has had a season or a time, or circumstances in their life where stress is really high and they feel empty.
Ordinary life can create dust on our soul. And if by my standards I am not only looking to create success, I’m also looking to enjoy the success I create. I desire to enjoy myself while I’m creating it. I think we’ve all heard of very wealthy people that at the end of the day still feel miserable.
When you begin to think about your Emotional and Spiritual Profit and Loss, I want you to think about the things that would constitute for you a full, healthy, and in the green emotional and spiritual accounts.