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TMBA 660: Five Easy Ways to Work Smarter (Not Harder)

Tropical MBA: Entrepreneurship & Founder Lifestyle

CHAPTER

Do You Need a Balance Sheet?

A balance sheet is basically a financial snapshot of your position. Most businessis, like, 99 % of businesses that i've seen do not spit off so much cash that it doesn't matter. That's where the balance sheet the piano, because you start to make money. And if you project the wrong cogs out on a proforma, then it's difficult for you to determine how much you're going to re invest in that particular product.

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