Knowing about financial statements is one thing, but it's quite another to actually create one. Andy Fitzpatrick of Pacesetter Financial Group, LLC dropped by to go through a hand-on exercise that showed students exactly how to create these important tools.

How do you determine your operating expenses? What is the cost of goods sold? What is an asset? What's a liability? How do you tell if your business was profitable? Will it be profitable in the future?

Thank you, Andy, for going over this exercise with the team and answering our many questions. This experience will help the students have a sure footing as they move forward with the group business. It will also set them up for a solid beginning when they launch their individual businesses in the spring!

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