Welcome to Firepreneurs 101 – A series of short episodes to help you better understand your numbers and speak the language of business. Starting from the top of the Profit and Loss Statement all the way to the bottom line, we will unpack what the categories mean, how to use them as tools when running your business and how to ensure that your business turns a profit.
In this episode, we discuss “What is ‘Cost of Goods Sold’ or COGS?”