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...
1. Jinnah was the eldest of seven siblings Most people only know about Ms. Fatima Jinnah, but Jinnah had 5 more siblings. Bunde Ali died in childhood, but the rest of his siblings lived, married, and had children. His brother, Ahmed Ali, married an Englishwoman, Emmy. He lived in London and had a daughter with her. Quaid's Brother Ahmed Ali with his wife Emmy Jinnah Quaid's Sisters: Rehmatbai, Maryambai, Shireen, and Fatima Jinnah 2. Quaid-e-Azam was named Muhammadali Jinnahbhai. Quaid-e-Azam was named Muhammadali Jinnahbhai by his father Jinnahbhai Poonja. He changed it to Muhammad Ali Jinnah or M. A. Jinnah when he studied at Lincoln's Inn in London. 3. Jinnah wasn't very good at studies until he went to London Quaid wasn't very interested in studies during his early schooling. He disliked arithmetic. Instead, he would prefer to play outdoors with his friends. He admit...