After this workshop, you will be able to: know the 3 parts of a Balance Sheet and 3 parts of Profit and Loss, understand a simple Chart of Account(COA), know the different types of profit (Net, Before Tax, After Tax, EBITA), understand the difference between cash and accrual accounting, understand the importance of building capital, importance of salary and paying taxes, understand why breakeven isn’t good enough, understand the difference between Profit vs Cash flow, understand why cheating the IRS is not a good option, and understand the difference between fixed vs. variable costs.