By Tom Cramer
Sports serve as a frequent metaphor for business, and that concept is particularly relevant in one key aspect. In the final analysis, it is all about the points on the board. It is not about trying or effort or intention, it is about the balance sheet and the valuation your business will support. These are the concrete metrics that reflect the end results of all your efforts as a founder and as a manager.
Providing a Baseline
Most business owners and managers understand what a balance sheet is from a technical, accounting perspective. …
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