I tell the story of some Chinese immigrants who hired me to take a look at a business they were thinking of buying. The income statement looked good but there was something fishy going on that was only revealed by the balance sheet.
I discuss why it's important to look at all the financial statements when analyzing an opportunity and how the balance sheet can be used to manipulate the income statement.
The Invest Local Book blog is all about small business, franchises, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback. Follow me on FaceBook at www.FaceBook.com/DBarnettMoncton.