Financial Intelligence For Entrepreneurs- What You Really Need To Know About The Numbers -harvard Financial Intelligence- May 2026

Leo pointed to her P&L. "You sold $50,000 of lemonade. But you recorded that as 'revenue' the moment you shipped it to the grocery stores, right?"

She was broke. And terrified.

"Exactly," Leo said. "Your P&L shows profit. But your bank account shows reality. You have to pay your pickers, your lavender supplier, and your rent next week . Profit is a beautiful theory. Cash is the cold, hard truth." Leo pointed to her P&L