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...
1. I wrote these verses back in 2012–13, during a time filled with emotional turbulence. It was right after a breakup, a chaotic phase when everything felt uncertain. The pain and confusion naturally spilled into my writing. The verses are in Urdu, so those unfamiliar with the language might not catch the full meaning. That said, I believe the music itself speaks a universal language—one that transcends words.
2. The piece I’m sharing now was written earlier this year, quite spontaneously. I penned a few couplets myself, and two were co-written with ChatGPT (yes, a bit of human–AI collaboration!). I then uploaded it to Suno.ai, added a thoughtful prompt, and the result turned out beautifully, exactly how I had imagined it. When I sent it to a friend, his first reaction was simply, “Wah!” (meaning “Wow!”). So, I think you’ll enjoy it too. Give it a listen.
3. I also wrote another set of verses around 2015–16, though I can’t recall the exact time. I was still in that lingering emotional state, trying to make sense of repeated heartbreaks. Those lines capture the sorrow and melancholy of that period. One of my favorite verses from that time goes: “The wheel of time has turned fast, yet the dust still rises on the path of love.” Even after all these years, that line resonates deeply with me. It’s a reflection not only of love and loss but also of how time keeps moving faster, leaving only traces of what once was.
Which one did you like the most? Share your thoughts in the comments!
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