Everything depends (a final word on financial statements)

If there is one type of answer I hate when I ask for a professional opinion, for example from a lawyer, it’s “it depends”. I know it does, goddammit, but I don’t want to learn about the entire universe of legal options. Just tell me what I need to know.

Still, I do find it...

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Am I burning through cash? (ask your cash flow statement)

Finally, my favourite – the Cash Flow Statement. Unlike P&L and the Balance Sheet, Cash Flow as a concept is super intuitive. Simply, it is money moving in and out of your company’s bank account, and we call that cash inflow and outflow. Positive Cash Flow means...

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Am I rich yet? (ask your balance sheet)

Last week I talked about how your P&L tells you whether your company made a profit or a loss. (And the week before, why you should care about financial statements as a founder.) This week – we’re talking about the Balance Sheet.

I like to use a personal finance analogy...

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Am I making money? (ask your P&L)

Following last week’s newsletter which hopefully helped to internalise why you, yes you awesome entrepreneur you, should keep reading Tiny CFO, I’m excited to share the first of a mini-series on financial statements.

A word of caution. Millions of pages have been written on...

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What the hell is going on (ask your financial statements)

A friend recently asked me how to structure a P&L. I started writing an article about that, then I realised I will first need to explain what a P&L even is. Then I realised I will also need to explain what financial statements are. So I deleted the whole thing and wrote something more fun...

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