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...
Let’s face reality, nobody teaches you how to handle money effectively. Most of us gained our knowledge about budgeting and debt through painful trial-and-error: incurring frustrating overdraft fees or watching an entire month’s earnings vanish on expensive takeout and impulsive purchases. Navigating finances in the modern world, especially for younger generations, feels incredibly complex. That confusion is exactly what this essential mini-course is designed to eliminate. It delivers the core tenets of financial literacy, tailor-made for Gen Z and Millennials, through short, digestible lessons that take minutes to complete. Think of it as accessing professional financial insight without having to crack open a single dull textbook. Why dedicate time to this now? Because achieving true Financial Wellness is about much more than just accumulating savings. It involves mastering the complexities of credit scores, strategically tackling outstanding debt, understanding various investment ave...