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Understanding Balance Sheet Basics: Financial Intelligence for Entrepreneurs

Reference: HBS-6551BC-E
Number of pages: 12
Publication Date: Oct 7, 2008
Source: HBSP (USA)
Type of Document: Book Chapter

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Description

Give a company's financials to a first-time entrepreneur, and the first thing he will turn to is the income statement. Conversely, an experienced investor will go right to the balance sheet. Why don't less experienced entrepreneurs do what the pros do? Understanding the importance of a balance sheet - and learning how to read it - will put you ahead of the game. This chapter is excerpted from "Financial Intelligence for Entrepreneurs: What You Really Need to Know About the Numbers."

Keywords

Balance sheets Entrepreneurial management Financial accounting Financial management Financial performance measurement