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...
Pakistanis are amazing people. When they realize their full potential, they go nuclear on their own. Make fighter jets . Win sports world cups . However, they have a fair share of useless and gross habits. Pakistan would be better off without these: 1. Spitting in every nook and corner One of the grossest things you would experience in Pakistan is the patches of saliva almost everywhere. The habit isn’t limited to the uneducated folks, even the well-off and educated people indulge in this gross habit. Some spit the Naswar balls, others the ground Chhalya , and the rest, the Pan . Besides having these sweet ‘confectionaries’, people feel compelled to prove their masculinity by hurling the spittle in the most distant trajectories. Believe me, no girl has ever got impressed with this ‘show’ of masculinity. 2. ‘ Safai Muhim ’ of their noses You would find some people so engrossed (almost ecstatic) in cleaning their noses and making small balls of boogers tha...