Takeaways

✅ Having a Profit and Loss (P&L) report is crucial for understanding your business's performance.

✅ The P&L helps you make data-driven decisions and identify areas where you can cut costs.

✅ Focusing on profitable services and planning for future growth becomes easier with a clear understanding of your P&L.

✅ Implementing profit first and having multiple bank accounts can help allocate funds purposefully.

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