How Your Business Makes Money: The Income Statement

In this session, you’ll learn how to read your income statement (profit and loss) so you can understand where your money is coming from and where it’s going. We’ll break down revenue, cost of goods/services, expenses, and profit in plain language and discuss what “healthy” numbers can look like for small businesses. You’ll leave able to spot trends, flag issues early, and use your income statement to make smarter decisions.

Speaker(s): Chelsea Torres, Hampton Roads Small Business Development Center

Co-Sponsor(s): LISC Hampton Roads

Fee: No Cost