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...
It has been one year since the Israeli invasion of Gaza. Some estimate that more than 100,000 people have lost their lives in this massacre. 😢 It's alarming for the world that such a shameful act has been allowed to happen. I also condemn the wars in Ukraine, Congo, Sudan, and elsewhere. There is no issue that cannot be resolved through dialogue. We need peace now more than ever. 🌍 There are already numerous global problems—like climate change, hunger, famine, natural disasters, poverty, and illiteracy—that demand urgent action. Wars should be the last thing any sane person would anticipate. ✌️
I’m considering shifting the blog to a new domain. I’m working on the website as we speak. 🛠️ The foremost thing is that it will have a unique domain, without a subdomain like BlogSpot, etc. Secondly, I’ve narrowed down my niche to focus on work-life—everything related to work and business. 💼 I plan to launch the website soon, God willing. 🙏 I hope you'll support this new endeavor! I understand it’s a tough decision since you’ve probably gotten used to the current UI, but I’m making sure the new website keeps a similar feel in terms of branding, UI, UX, and structure. That said, it *will* have some new features and designs—so stay tuned! 😄
Now, my niche is quite broad, like Buzzfeed or Mashable, but they are giants and can churn out endless content. I, on the other hand, am working solo. 👨💻 I’ve decided to enlist the help of AI to generate some content, but I promise it will be creative, and not just rehashed versions of existing material. You’ll definitely learn something new—on top of my original content, of course. AI-generated posts will be tagged as such, so if you're not interested (which I highly doubt 😉), you can skip them. But if you *do* give them a read, you’ll discover something amazing! 🤖✨
One thing I've learned over the years, and from reading many books, is that it never hurts to ask for help. As the saying goes, "If you don’t ask, the answer is always no." So here’s how you can support me:
- Share my blog post with at least one of your friends.
- Read my awesome blog (obviously!). 😎
- Play the games I create for you—they’re fun and help boost my SEO! 🎮
- Comment and give your feedback.
- If you’ve got the writing bug, submit something for my blog! ✍️
I recently read *The Energy Bus* by Jon Gordon. It was so interesting, I finished it in a day! 📖 The book lays out ten rules for living a positive life, but what I really liked is that it's told as a story. That’s what makes it stick. If it had been written in a purely non-fictional style, it could have been a bit boring. It tells the story of a middle-aged man whose life is falling apart, but ultimately, his personal and work lives are saved by an angelic bus driver and its passengers. 🚍 I won’t spoil anything—please read it! It’s full of practical tips to bring more positivity into your life. 🌟
That's it folks, work hard and party harder!
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