Week 2 (Day 4): Understanding Financial Statements

Financial Basics for Small Business Owners
Written By Brandy Sparkman

Day 4: Analyzing the Income Statement

  • Take Action

  • Helpful Tip

  • Free Resource

Week 2 Day 4 Action Plan


Today, we dissect the Income Statement, uncovering the story of your business's profitability.

Take Action: Unveiling Profits and Losses: Income Statement

  • Explore a sample Income Statement and understand its components.

  • Reflect on how revenue, expenses, and net income relate to your business.

Helpful Tip:

  • The Income Statement narrates the financial journey of your business over a specific period.

Free Resource:

Stay in Touch

What did you learn about the income statement today?

Until tomorrow, happy financial management!

 
Brandy Sparkman
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Week 2 (Day 3): Understanding Financial Statements