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...
Things are getting morbid in Gaza. First, the killing of innocent civilians, especially children, and now obnoxious footage of rape in Israeli prison; it seems like it's some kind of Satanic ritual. Earlier this year, they were sacrificing a heifer, and now these disgusting antiques. I'm really dismayed with the current development there. 👿🤢☹️
The world 🌎 is getting smaller. Not in terms of size but the social structure. In the ancient, there would be different packs of people which later came together in the form of tribes. Then they made small villages. Then, they converged to form city-states. Cities combined to form states and countries. Now, we have divisions like Asia, Europe, Africa, Oceania, and the Americas. So, where are we heading now? I believe, now we are going intragalactic. 🌌🪐
Some of you may not believe in God, but I believe that God is taking us to bigger social structures gradually. I believe, soon we are going to meet our intragalactic neighbors. 👽 Or maybe we already have, who knows! 😉 ⛔🚷
You know the Paris Olympics 2024 is going on in France. Pakistan just got its first gold 🥇 medal after 40 years. This may not be a big deal for a lot of people,e but it was a jubilant moment for all Pakistanis. Arshad Nadeem made a new world record in the Olympics Javelin throw with his 92.97m throw. 🎉🇵🇰
China is leading the point table 🇨🇳 While the US ranks 2nd on the medal table with 30 golds 🥇
Donald Trump and Kamala Harris are leading their election campaigns. 🗽🇺🇸
Also, tornado Dabby is moving towards North Eastern states after battering South Eastern states. ☔ My thoughts and prayers are with the affected people.
I read a funny story about potatoes in a book. As you may know potatoes came from
America, i.e., the new world 🌎. While people in the older world 🌍 didn't know about potatoes (just imagine a world without fries 🍟).
So initially people didn't like this
'delicacy' and gave it the title "Devil Fruit". So the King of Prussia thought of clever idea. He put security guards around potato fields. People watched it with curiosity which soon turned into a desire. Security guards deliberately allowed people to sneak into the fields and steal the potatoes. And rest is the history! 🥔🥔
This is a valuable lesson for marketers. By creating scarcity you can arouse demand in the buyers. That's why things are always about to go out of stock on infomercials and websites. 🛍️🛒
I saw that by journaling my thoughts 💭 I have got more clarity and structure in my thought processes. You should also try it. 📙📝
The world 🌎 is getting smaller. Not in terms of size but the social structure. In the ancient, there would be different packs of people which later came together in the form of tribes. Then they made small villages. Then, they converged to form city-states. Cities combined to form states and countries. Now, we have divisions like Asia, Europe, Africa, Oceania, and the Americas. So, where are we heading now? I believe, now we are going intragalactic. 🌌🪐
Some of you may not believe in God, but I believe that God is taking us to bigger social structures gradually. I believe, soon we are going to meet our intragalactic neighbors. 👽 Or maybe we already have, who knows! 😉 ⛔🚷
You know the Paris Olympics 2024 is going on in France. Pakistan just got its first gold 🥇 medal after 40 years. This may not be a big deal for a lot of people,e but it was a jubilant moment for all Pakistanis. Arshad Nadeem made a new world record in the Olympics Javelin throw with his 92.97m throw. 🎉🇵🇰
China is leading the point table 🇨🇳 While the US ranks 2nd on the medal table with 30 golds 🥇
Donald Trump and Kamala Harris are leading their election campaigns. 🗽🇺🇸
Also, tornado Dabby is moving towards North Eastern states after battering South Eastern states. ☔ My thoughts and prayers are with the affected people.
I read a funny story about potatoes in a book. As you may know potatoes came from
America, i.e., the new world 🌎. While people in the older world 🌍 didn't know about potatoes (just imagine a world without fries 🍟).
So initially people didn't like this
'delicacy' and gave it the title "Devil Fruit". So the King of Prussia thought of clever idea. He put security guards around potato fields. People watched it with curiosity which soon turned into a desire. Security guards deliberately allowed people to sneak into the fields and steal the potatoes. And rest is the history! 🥔🥔
This is a valuable lesson for marketers. By creating scarcity you can arouse demand in the buyers. That's why things are always about to go out of stock on infomercials and websites. 🛍️🛒
I saw that by journaling my thoughts 💭 I have got more clarity and structure in my thought processes. You should also try it. 📙📝
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