Financial Statement Analysis
Sadly, it is common to hear entrepreneurs say, “I do not know anything about finance, because I was never good with numbers. Therefore, I focus on my product and let someone else worry about the numbers.” Someone with such an attitude can never achieve successful high-growth entrepreneurship. Financial statement analysis is not brain surgery! Everyone can understand it. In fact, no matter how distasteful or uncomfortable it might be to the high-growth entrepreneur, he must learn and use financial statement analysis. For some entrepreneurs, finance is like medicine. No one likes it because it usually tastes awful, but everyone knows that it is good for you. For other entrepreneurs, finance is like spinach ...