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...
Storytelling is one of the most ancient arts in the world. We have been telling stories since we lived in the caves. We would gather around the fire at night to share our experiences and stories. We still enjoy this pastime but with our new technologies and gadgets. The stories used to be simple and followed the 3-Act structure, i.e., beginning, middle, and end. However, people have tried other narrative structures.
I used to read children's magazines and in one of the magazines I found this amazing structure that you can call interactive story-telling. The story was divided into snippets and give two options to select another snippet. Different snippets would lead to different narratives and ultimately different endings. As I reminisce about that story, I created a similar here. It is a simple story but has different endings based on the snippet you chose.
This gives another powerful lesson that just like in this interactive story, in real life our choices ultimately lead to different endings. If we change our choices we can change the ending! So here it goes:
You receive a mysterious letter with a map leading to a hidden treasure. Do you:
If you liked this interactive story, share it with your friends:)
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