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Notes from My First Lesson on Finance- part two »

Since you are here I believe you have already read the prequel to this post found here.This post would cover the following topics as promised:

• • Basics of the Balance Sheet
  • Fundamentals of the Profit and Loss account
  • The Cash flow statement
  • Validating your assumptions
  • The Seven financial reactions to any decision you would take.

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Notes from My First Lesson on Finance- part one »

As an entrepreneur,one often finds him/herself getting their hands dirty with the nuances of finance. Ask any entrepreneur and s/he would tell you how important (and boring)it is to  know the basics of finance. That is precisely one of the reasons behind TiE Mumbai hosting a session on ‘Managing your financial issues’ as a part of the ‘ TiE Institute Knowledge series’.

Fortunately M. Hariharan,Director Savoir Faire (an entrepreneur since the last eighteen years) was probably as skilled in participant expectation management as he is in Total Cost Management. His constant dosage of funny anecdotes and analogies not only kept me wide awake through this 4.5 hrs session but also encouraged me to take notes.
I’m posting these notes for the benefit of entrepreneurs. Hope it helps

 

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