Business Literacy
Core concepts every founder should understand before they register a company or sign their first contract.
The problem
Most business education is either marketing fluff or overpriced consulting. New founders often dive straight into product development without understanding the fundamental corporate, financial, and employment mechanics. This leads to costly restructuring later. Additionally, language barriers often leave non-English-speaking founders relying on poor translations of critical operating rules.
What's inside
- Legal Entities Explained: What exactly is a legal entity and how does limited liability actually work?
- Accounting Basics: The crucial difference between Cash vs. Accrual accounting.
- Financial Statements: How to read a P&L, Balance Sheet, and Cash Flow statement in 5 minutes.
- Startup Metrics: Understanding unit economics, burn rate, and profit margins.
- Hiring Models: Basic forms of engagement (contractors vs. employees) across different regions.
Who it's for
First-time founders, solo entrepreneurs, small family businesses, and anyone preparing to launch their first venture.
How to start
Begin by reviewing our core guide on Cash vs Accrual accounting from the Resources library to understand how money is actually tracked by tax authorities versus your bank account.