12. Mini-Series: Demystifying Your Financial Statements - P&L

In this episode, Leah and Aminder dive deep into the significance of Profit and Loss (P&L) statements for business owners. They discuss what a P&L statement is, why it matters, and how to effectively analyze it to make informed business decisions. The conversation covers key components such as revenue, gross margin, and net income, as well as common mistakes that business owners make when reviewing their P&L. The episode concludes with a focus on the importance of understanding financial statements for business growth and future discussions on related topics.