Fundraising During a Financial Crisis

The decade following the global financial crisis has been a prosperous time in the US. A positive economic outlook brings with it an easily accessible flow of investor money. Many entrepreneurs used this opportune time to launch or grow their business. But with the immediate outlook not looking quite as rosy, there are questions about…

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Planning the Next 6 to 12 Months

As businesses navigate a post-pandemic world, they’re going to face many new challenges. Few companies, if any, will have the same working and customer service practices as six months ago. It is not business as usual. We have emerged from lockdown into uncharted terriritory. To ensure the ongoing success and growth of your venture, you…

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How to Put Together a Competitive Benefits Package

It’s a dilemma that plagues many entrepreneurs: Should you offer employees a benefits package? And, if so, what should you offer that will meet the needs of your workers without incurring undue financial liability on the business? While some bootstrapped startups have opted to either slash or cut benefits entirely, giving employees the responsibility of…

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How to Build an Effective (& Legal) Internship Program

Hello my name is Intern

Hiring interns is an excellent way to energize your startup with fresh, young talent while also providing them with the training and real-life skills to help launch a career down the road. In addition, bringing interns on board can give new managers an opportunity to learn the ins and outs of overseeing other workers. Ideally,…

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Startup Financial Audits: Why, When, and How

Calculator Financial Services

Having anyone with the title of “auditor” poke into your startup’s finances is a scenario that instills fear and terror in the hearts and minds of many entrepreneurs. And yet, getting an audit is a practical and effective way for startups to review their financial books and make sure the business is compliant with accounting…

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Building an Accounting and Finance Team: From Zero to CFO

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We are often asked by startup clients when is the right time to put together an accounting and finance department. The answer in an ideal world? As soon as possible. As we discussed in the blog post entitled “Startup Accounting”, it’s crucial to bring on a professional accountant, usually on a contract basis for cost…

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How to Create a Happy and Productive Work Culture

People Looking Choosing at Colleagues Photo

Toxic office politics. Micromanaging supervisors. The tyrannical boss. These signature hallmarks of a worker’s nightmare are, unfortunately, a daily reality for many people. It doesn’t have to be that way. You – and your staff – can enjoy work by putting into place a few workplace policies and perks that foster a productive and happy…

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Venture Debt: Why You Need It and When to Pursue It

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First things first, let’s define “venture debt”. Venture debt refers to a loan that banks or other lenders provide to venture-backed early-stage or emerging companies. This type of loan can be a great way to fuel growth for a startup. Not only can the financing be used for working capital but also for buying inventory…

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