Financial statements are full of numbers — revenue, expenses, assets, liabilities — but numbers alone don’t tell the whole story.

Financial statement analysis is the backbone of business evaluation. Whether you’re an investor considering a stake, a lender assessing creditworthiness, or a manager steering a company toward growth, the income statement, balance sheet, and cash flow statement are essential tools.

Let’s start with something real: you don’t need to be a math genius to understand how long your business can survive. You just need to know one thing really well your burn rate.