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...
Palestine and Other War Zones It's incredibly disheartening that the conflict in Gaza continues to rage. The displaced are enduring nightmarish conditions and food shortages, exacerbated by the deplorable circumstances in the camps. Let's remember them in our prayers, and if you can, consider making them a priority in your donations. May this war end soon, bringing the Palestinians the well-deserved relief from the prolonged and harsh brutality they've faced. Similar prayers for people in other war zones! Books I Am Reading Recently, I read a few fascinating books: Steve Jobs' Biography by Walter Isaacson The Tipping Point by Malcolm Gladwell Boundaries by Henry Cloud and John Townsend Financial Freedom by Grant Sabatier Discovering more about Steve Jobs has been particularly intriguing. His personality and work ethos are fascinating, making me wonder how it would have been to work at Apple during his tenure. Interesting Ideas from Books From the books I'm reading, ...