For the first 5 years running my companies, I had no clue how accounting worked.
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...
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...
It mostly worked, but there were maps, and instruments that could have gotten me there 5x faster.
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
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
Like sea captains lost in shark infested waters, during a tyfoon, trying to navigate by gut.
True insanity.
When I finally sat down to figure it out, it only took 2-3 hours to understand the basics I realized...
True insanity.
When I finally sat down to figure it out, it only took 2-3 hours to understand the basics I realized...
It’s not that complicated.
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.
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.
