Financial Intelligence For Entrepreneurs- What You Really Need To Know About The Numbers -harvard Financial Intelligence- -

That’s when she met Leo, a retired CFO who bought a single cup of lemonade every Thursday. He noticed her panicked face.

"You’re reading the wrong line," Leo said, tapping her spreadsheet. That’s when she met Leo, a retired CFO

"Yes."

"But did they pay you yet?"

"Excuse me?"

Leo drew a box on a napkin. (What you own: Lemons, jars, the secret recipe, cash) Liabilities (What you owe: Bank loan, unpaid lavender bill) Equity (What’s left for you) "Most entrepreneurs only watch the P&L—the video of the game," Leo said. "But the balance sheet is a photograph of your company’s health right now . You took out a loan to buy a fancy commercial juicer. You celebrated the new asset. But you forgot the liability. Now you owe $500 a month." You took out a loan to buy a fancy commercial juicer