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...
π§’ Catch 'Em All, Mr. President! Step into the shoes (and red tie) of the one and only Donald J. Trump — the ultimate tariff warrior! China’s trying to sneak in phones, laptops, drones, and who knows what else… But not on your watch! Armed with nothing but a giant flag and an even bigger ego, it’s time to stop those imports mid-air and Make America Catch Again™. π♂️ Move fast. Catch smart. Build that... inventory wall. Score big and Trump will personally tweet about your huge success (not really, but we believe in you). π― Can you catch 5 sneaky Chinese gadgets before time runs out? Let’s find out — start catching now, patriot! Restart Game ⏰ Time Left: 60 s | πΊπΈ Score: 0