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...
Hey everyone, here is what have been on my mind lately.
👉I've been thinking a lot lately about the people suffering in war-torn countries like Gaza, Ukraine, Sudan, Myanmar, and Congo. Winter is coming, and they need our help more than ever. Even the smallest donation can make a big difference. So, please consider donating to a charity that's actively working in these regions.
👉Remember those Palestinian scarves that were so popular a few years ago? I used to have two—a black and white one, and a red and black one. The red one has a funny story: I wore it to my cousin's wedding in 2010, and he loved it so much he borrowed it. Well, he never gave it back! I didn't mind, though, since he moved back to England.
.jpg)
👉I'm currently reading Steve Jobs' biography. It’s fascinating to learn about his ability to bend reality and convince people to do the impossible. I can definitely relate to his rebellious spirit. It's also interesting to see how Bill Gates factors into the story. If you haven't read it yet, I highly recommend it. It's a bit long, but it's worth the time.
👉Speaking of investments, have you heard about Bitcoin and other cryptocurrencies? Bitcoin is about to hit a major milestone of hitting the $100,000 mark, and other cryptocurrencies are also on the rise. If you're interested in investing, now might be a good time to consider it.
👉Oh, and don't forget about Pi Network! It's still in its early stages, but it has the potential to be a valuable cryptocurrency. You can claim your free Pi coins by joining the network with my invitation code: Danish14301.
That's it for now. Bye.
Comments
Post a Comment