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...
Today, I am going to talk about a topic that is quite different from what I cover. I have been reading eBooks and read them from the first page to the last, literally not omitting anything—from the copyright info page to the final "About the author" page.
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| AI image - Microsoft Edge Co-pilot |
One thing that stood out to me, and left me feeling a bit turned off, was the disclaimer by the author stating that they are not responsible for any damage arising from the use of their book. It reads something like this:
"The author and publisher specifically disclaim all responsibility for any liability, loss, or risk, personal or otherwise, that is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this book."
It bothered me; how can you not be responsible for any damage that arises from your information? When something good happens to the reader, you proudly post it as testimonials and reviews. For example, Tom made $1000 from the method detailed in the book, Dick’s life was changed for the better, and Harry got a promotion.
For example, check this review:
"I sailed through the course in about 10 days because it’s sectioned into digestible modules that kept me curious to learn more. My copywriting skills have improved drastically, and I’ve taken up a new interest in the world of copywriting. Thank you, Henneke!"
~ Alanna Beach, online language coach
If authors don't take responsibility for any damage caused by their information, then they shouldn't take credit for the good things that happen to the reader either. It feels like hypocrisy to me. What do you think?
Disclaimer: I write original content. The ideas are mine; however, I sometimes take the help of AI just to fix the grammar and punctuation. While editing with Grammarly, I sometimes accept the edit suggestions that make it seem AI-generated.
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