Statement of earnings

82% of small businesses fail because of cash flow problems—but here’s the thing: most owners never understood their financial statements. I learned this the hard way during my first year running a consulting business. I stared at numbers that looked right but told a story I couldn’t quite read. An income statement example isn’t just a bunch of numbers on a page. It’s a narrative about how your business makes money and where it spends money. It shows whether you’re… Read More »Income Statement Example: A Step-by-Step Guide