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The potential client, a realtor, was declined by five banks for financing. After looking at his profit and loss statement, the client and the narrator both start crying. In this video tutorial, the narrator will explain how to put together a profit and loss statement, what it is, why it's important, and provide a template for viewers to use. A profit and loss statement is simply your gross sales minus costs and fixed expenses over a certain period. They are important for tracking financial performance and making informed decisions for your business.
