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SMS Profit And Loss Statement

SMS Profit And Loss Statement

Aug 6th, 2022

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In a recent meeting with a realtor who arrived in a luxury car, the conversation turned emotional as he revealed his struggles with financing, having been declined by five banks. The speaker analyzed the realtor's profit and loss (P&L) statement and aims to teach viewers how to create their own. He defines a profit and loss statement as the calculation of gross sales minus costs and fixed expenses over a specific period, whether monthly, quarterly, or annually. He emphasizes the importance of P&Ls for three main reasons, though these reasons are not specified in the excerpt. The tutorial promises a template for crafting a P&L statement for individual businesses.

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