2.2 KiB
2.2 KiB
Section 6 | Lesson 34 - Balance Sheet, Cash Flow Statement
Links
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
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™️
- 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
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©️
- 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
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®️
- 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
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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
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assets: what you own
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current: stuff you can sell in less than one year
- equipment
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long term: stuff you can't sell in less than one year
- factory
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liabilities
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current
- stuff you have to pay back in a year
- credit card
- payroll
- long term
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