23 min
2.15 // Let's Talk About the Balance Sheet The Business Plan Podcast
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- Business
Everybody cares about the income statement, aka the profit & loss statement. That's where you can see how much money you're making!
But no one pays any attention to the balance sheet. Maybe that's because it's a little harder to understand...but that doesn't make it any less important. After all, the balance sheet shows what your business owns (assets), how much it owes (liabilities), and who owns it (equity).
Everybody cares about the income statement, aka the profit & loss statement. That's where you can see how much money you're making!
But no one pays any attention to the balance sheet. Maybe that's because it's a little harder to understand...but that doesn't make it any less important. After all, the balance sheet shows what your business owns (assets), how much it owes (liabilities), and who owns it (equity).
23 min