Two Financial Statements Small Business Owners Should Know: Profit & Loss

P&L is the heart, lungs and brain of business. Also make sure to build in your holding costs of a loan of credit cards to float your projects and add a few months for the “Slow Payers” and a 1-2 point increase for the cost of your “money”. Your contracts should also have a late payment surcharge as well.

Great Job @LTS_Tom

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