You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...
A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...
As a business owner your most valuable resource is time. That means you can only take on so many clients, work so many hours, and scale your income to a certain point before hitting the ceiling.