article thumbnail

Why Financial Statements Don’t Work for Digital Companies

Harvard Business

This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement. Let’s first look at the balance sheet. Therefore, the balance sheets of physical and digital companies present entirely different pictures.

article thumbnail

Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business

We taught lending officers how to talk to businesses that were afraid that taking debt onto their balance sheets was riskier than maintaining a flat-growth business. We taught journalists how to interview entrepreneurs and elicit their stories of growth. We helped the leading NGOs start growth projects for their own constituencies.