Balance sheet, income statement, cash flow statement – these aren’t just for your accountant. A great founder knows how to read financial reports and gleans insights from them. We break down the basics of financial statements in plain language: understanding revenue vs. profit, assets vs. liabilities, and cash vs. “book” profits. By learning to interpret your P&L and cash flow, you can catch red flags early (like costs growing faster than sales) and make better decisions. Financial literacy might sound dry, but it’s a superpower when investors ask tough questions or when you’re planning your next big spend.
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