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 IoT is the latest fad in the computing world. If you haven’t heard it yet, it is the Internet of Things! It does what it is supposed to do. It connects the electronic devices to the internet, e.g., your refrigerators, microwave ovens, cars, and even doorknobs. By 2020, it is estimated that 50 billion devices will be connected to the IoT. Despite the pace of connectivity, IoT is still figuring out some very basic problems, such as privacy concerns, security issues, integrating it with traditional computing , data transfer, etc. With the rising number of crimes, traditional computing doesn’t seem very promising. Perhaps Computing based on Quantum Mechanics may resolve these pressing issues. What is Quantum Mechanics? It is a branch of physics that deals with matter at the subatomic level and its interaction. It differs from Classical Physics in that energy, momentum, and other subatomic properties are quantized or restricted to a certain level. At that level, matter c...