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...
📝One feedback I got about my writing is that it's very simple and plain, e.g., with no complex and difficult words and structure. I want to disclose that it is intentional! I keep it simple and easy so everyone can read.
Not everyone has a Ph.D. degree. Similarly, writing experts say to keep your writing level to a 7th or 8th-grader's level. Marketers say that don't overwhelm them with verbosity. I like simplicity, too.
Also, it's non-fiction. Fiction has more scope for creativity and flowery language. I don't like fiction except for some Urdu writers.
🌍 In my Analytics, I found that a lot of my readers are non-Pakistanis. I use Urdu phrases sometimes that they obviously won't understand. So, I will translate these phrases for them in the future.
🗽Moreover, I found that the "Hawk-Tuah Girl" was inspired by one of my blog posts where I used that exact phrase (or expression, to be precise). I feel embarrassed 😔, to be honest. Maybe she read my blog.
👉One of the articles that I published on wikiHow - How to speak basic Pashto, just crossed 237,000 views. It's a huge achievement for me. A couple of other articles also got more than 100K views. Maybe they should consider revenue Sharing with writers from the advertising as YouTube does.
However, the site is notorious for taking down content occasionally. Once I wrote an article titled How to deal with an embarrassing situation, it was taken down although it had more than 70K views. It was pioneering. It ranked first on SERP for a few years. Now, when you search for the phrase how to deal with embarrassment, you get a slew of results. Now, a similar article is still on Google's first page from Wikihow, but it has been so extensively edited that my initial idea cannot be seen anywhere.
❌Another article was: How to Say No diplomatically it went viral, pioneer in its category, and remained first on SERP for a couple of years. If I combine all views from these articles, it will be more than a million views.
🦍 Okay, enough of this chest-thumping!
🌎 Elections are imminent in the US, and I predict Trump will win easily. I don’t know if The Simpsons has predicted it or not. He just got sympathy votes, too.
🤖💩 A confession! When Chat GPT came, I used it to write comments on Facebook and LinkedIn. I soon discovered it feels crappy. Now, when I see AI comments on Facebook and LinkedIn, I feel like slapping them one or two times as Will Smith did to Chris Rock. I use Chat GPT for proofreading and a bit of editing, though.
📇 Why do I keep the blog posts short? People don't have the patience and time to read long blocks of text. Some people do read lengthy articles, but most people don't. But I am thinking of writing in-depth articles once a month.
👉I can’t help thinking about Palestinians and what they are going through. Nearly 40,000 innocent civilians have been killed, including 15,000 children. 62% of homes have been destroyed by Israeli forces. Hoping sanity will soon prevail, and this bloodshed will cease.
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