Financial reports can feel intimidating, especially for founders without a finance background. But understanding the basics can dramatically improve decision-making and confidence. In this practical guide, Rebecca Nankya Ssemugabi breaks down how to read a balance sheet in simple, everyday language, supported by a hands-on balance sheet generator you can try yourself. M ost founders don’t struggle with running a business. They struggle with understanding the numbers behind it. And few reports feel more intimidating than the balance sheet. But here’s the truth: a balance sheet is simply a snapshot of what your business owns, what it owes, and what’s actually yours at a specific point in time. The Balance Sheet in One Line Every balance sheet is built on one simple equation: Assets = Liabilities + Equity Assets are what the business owns Liabilities are what the business owes Equity is what belongs to the owner(s) If this equation balances, the balance sheet makes sense. A Simple Exa...
The latest Mobile App Stats are revealing interesting information. Now, the searches from mobile devices have exceeded desktop searches in the US, Japan, and other developed countries. People are spending more time on digital devices than sleeping. 2,500 new apps are coming to the three biggest app stores daily, e.g., Google, Apple, and Microsoft. On Google Play, there were 1.6 million apps available by July 2015. The profits are soaring, but the competition is getting stiffer. Pakistani app developers are also carving their niche, which is being recognized by the global app market. Last year, an app developed by a Pakistani developer called Groopic was covered by CNN. Welcome to Pakistani Apps Now, Pakistani developers are seeing the potential of the app industry, and international clients are taking advantage of the cheap labor and a highly talented workforce of Pakistan's app developers. Here, we have enlisted the top Pakistani Apps that have made a mark in the internation...