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An Admin’s Cheat Sheet to Business Terminology

All Things Admin

P&L – Profit & Loss: This is a financial statement that shows the revenues, costs, and expenses of a company over a particular period of time. Margin – This is profit from a product or service after all expenses have been covered. It is calculated by dividing the net profit by the investment cost.

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Embrace Change for Career Success!

All Things Admin

The Innovative Admin is an administrative professional who introduces, creates, or applies new or renewed ideas or methods of doing things to the office environment. Even if it looks expensive or the process is unclear, my mindset now is, “Who do I get involved to help us navigate this as efficiently as possible?