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...
Hey there! If you're interested in learning about growth marketing in Pakistan, you've come to the right place! Here are some awesome examples of how businesses in Pakistan have used growth marketing strategies to grow their user base and increase revenue. But first, the definition. So, what exactly is growth marketing? It's all about using data-driven techniques and experimentation to figure out the most effective channels and tactics for driving customer acquisition and retention. By constantly analyzing the data and testing new ideas, you can optimize your marketing efforts and create a better experience for your customers. The best part? The ultimate goal of growth marketing is to accelerate your business growth and increase your revenue. By continuously improving the customer experience and maximizing the lifetime value of each customer, you can take your business to the next level. First up, let's talk about Careem. This ride-hailing service has used referr...