(Though from recent experience I argue that being the valuer is the harder job).
A couple of weeks ago I was given the task of analysing five publically listed companies’ annual reports over a five year period, so that I could guesstimate where each company sits in the market in terms of value, strategy and market share, and how a privately owned company in the same space might compare.
It wasn’t easy, but I learned a lot (mainly that it wasn’t easy).
Republished on Idealog Magazine
Lately we have had first meetings with potential investment opportunities, and they have been an interesting and mixed bunch.
During the process I’ve learned a couple of things, namely to do with what my boss calls the three Ts; Team, Time and Technology.
Keeping a balance sheet of your company finances is an essential and legally required practice. You should also do this with your personal finances so you know at a glance where your money is and how much cash you have free.
In my current life circumstances this balance sheet looks pretty lame. I think my greatest assets are my two year old scooter, new push bike and brand new running shoes, which makes asset management a pretty easy task.