For many business owners, the numbers side of the business feels like a foreign language. Maybe it’s overwhelming, or maybe it feels like something you’d rather leave to the accountant. But here’s the truth: understanding your financials isn’t just a nice-to-have—it’s essential, especially during a turnaround. Your profit and loss statements, balance sheet, and cash flow reports are the compass that tells you where your business stands and how to move forward.
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