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#+title: Section 6 | Lesson 34 - Balance Sheet, Cash Flow Statement

* Links
- [[./../mba-main.org][<Back to Main MBA]]
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4311526#overview][S06:L34 Income Statement, Balance Sheet, Financial Risk]]
- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4311576#overview][S06:L35 Cash Flow Statement]]

* Notes

** tips
- confidence leads to perceived competence, especially in sales
- confidence is king
- in baseball you miss more often, so the best hitters are insanely confident
- when presenting to investors get into the confident state

** financial analysis
- don't focus on memorization
- if you understand you will remember it

*** years 3-4
- growth is accelating
- running out of cash

** copyright and trademarks
  - ™️
    - meaning: brand, logo, or phrase that is claimed but not yet registered with a government trademark office
    - legal: limited protection, intent to claim but not the legal weight of a trademark
  - ©️
    - meaning: creator of a work owns the copyright
    - legal: automatically granted as soon as work is created and fixed in a tangible medium.  symbol serves as a public notice
    - applies to creative works, not brand identifiers
  - ®️
    - meaning: officially registered with a government agency
    - legal: strongest protection for brand, logo or phrase.  allows the owner to sue for damages if someone infringes on the trademar

** balance sheet
*** banks
- you shouldn't deal with banks early on
- you want to deal with multiple banks
  - best deal
  - options

*** terms
- balance sheet: tracks everything you own or owe
- equity: what people own
- debt: what banks own

- assets: what you own
  - current: stuff you can sell in less than one year
    - equipment
  - long term: stuff you can't sell in less than one year
    - factory

- liabilities
  - current
    - stuff you have to pay back in a year
    - credit card
    - payroll

  - long term