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...
Ready for Launch? Try the Orbital Alignment Challenge! The Challenge Explained Have you ever wondered what it takes to get a satellite into the perfect orbit? It’s harder than it looks! Now you can try your hand at being a Mission Control Commander right here. This mini-game is simple to start, but tough to master. 1. The Goal: Match Two Numbers To win the game, you must make two of your satellite's current numbers exactly match the required Target numbers you see in the top right corner: Altitude (Alt): This is simply how high you are above the planet. Velocity (Vel): This is your satellite’s speed. You must get both your Current Altitude and Current Velocity to line up with the Target values at the same time. 2. How to Use the Controls Use the directional buttons (or W, A, S, D / Arrow Keys on a desktop) to f...