It's funny, this is the exact opposite advice I've heard from most business owners. They all have recommended learning enough accounting to make sure that you understand what's going on with your books so that you're never fully trusting someone else to handle your money.
>It's funny, this is the exact opposite advice I've heard from most business owners.
Because a substantial portion of HN considers all parts of a business, besides the product, a waste of time. Marketing? Finance? Human Resources? That's for the plebs who can't program. Meanwhile, this place consistently features debates conflating balance sheets and income statements, revenues and profits.
Seriously, if you a considering starting or running a business, and don't understand the foundations of book-keeping as laid out in this tutorial, you should feel bad. It's not like you require a two-year diploma; understand the basics.
I've seen so many small business owners ripped off by their business managers or partners due to simple ignorance of accounting that it really should be a required course.
My father is an architect and home builder. After building his first two homes after college he made almost nothing. He went back to night school and took financial accounting, real estate/broker courses and sales courses. He's more a business man than an architect.
