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...
Here is what has been on my mind this week.
First, I added a like/dislike button at the bottom of the website. It is visible on all pages. You can like (I hope you enjoy my blogs) or dislike (as this will help me improve). But, it is not conclusive, you may like one blog post and not the other. So, I am experimenting and will decide whether to add individual buttons on all pages or just go with the global button. Try it 👍/👎
Similarly, I was thinking of shifting my blog from Blogger to another web hosting service with a new blog title. Eventually, I will have to shift my website as the website will grow and have more visitors, God willing. I will only have to redirect the traffic to the new domain and it will be seamless for you. See, I am becoming a programmer! Just kidding :) However, I am learning something new about web development every day. 💻📶
I was thinking about Palestine, too. People in Gaza are desperate and need financial assistance. I heard something good. Jennifer Lopez contributed $4.5 million in aid to Palestine for food and medical supplies. Other celebrities are also supporting the cause. Really appreciable! 🇵🇸
We should also speak about the genocides in other regions such as Sudan and Congo. I am really pissed off how politicians and military leaders start wars and fling thousands of innocent people in deadly fights. They remain safe in their palaces and barracks and innocent men, women, and children die in the war zones. Pathetic! 🗺
You may have assumed from my writing (about spirituality and the supernatural), that I am a bit cranked. The truth is many people know that how our normal world and the supernatural world intersect and what happens at the fringes. One thing that people assume is that spirituality and magic are the same things. But these are the opposite of each other. 😱 👻👺
One concept that people may be interested in is called 'Raja'h' in Arabic. It means bouncing back or rebounding. Sometimes the magic hits back or falls back on the magician. This happens when the targeted person is protected by God. Instead, the spell falls back on the magicians. I am using the word 'magicians' for sorcerer. Magic is a common word and sorcerer may not be familiar to some. 💫 🧙
I am also thinking about some amazing social media site ideas. They are so exciting. Although it requires a lot of money to create something comparable, but what's wrong with flirting with the idea;) Technology (especially AI) has made a lot of things easier and you need an ingenious idea to get started. If the idea is substantive, you will see traction. 😎💭
That's it. Enjoy your weekend.
Interesting 🤔 I really like the tidbits you share about your spiritual experiences.
ReplyDeleteThank you 🙏 I thought it may help some people.
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