If we had more money on day 30 than day 1, we were winning.
I was like a ship captain navigating by pointing the bow at land...
I was just some random guy in Canada running a tiny business, but I often meet people running huge (esp VC backed) businesses who don’t understand how to read a P&L + balance sheet
True insanity.
When I finally sat down to figure it out, it only took 2-3 hours to understand the basics I realized...
And when I look at a graph of our growth and earnings I can spot an immediate difference pre and post learning accounting.
It seems boring, but trust me it’s worth it. 2-3 hrs to get the basics, a few months to master.