4 Critical Metrics to Improve Financial Health
Your startup may have a high rate of growth, but is it financially healthy? Even if you have great revenue, these top-line numbers can be superficial and don’t tell the whole story. Investors, potential buyers, and lenders often look deeper. Especially investors, who are looking for the right opportunity which involves specific criteria. Primarily things…
Read MoreFundraising 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…
Read MorePlanning 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…
Read MoreHow 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…
Read MoreHow to Build an Effective (& Legal) Internship Program
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,…
Read MoreStartup Financial Audits: Why, When, and How
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…
Read MoreHow to Prevent a Bad Hire (And What to Do if You Need to Let One Go)
It’s a scenario that unfortunately too many entrepreneurs have faced in their career: the hire they spent so much time grooming for a specific role is not working out. Not only has time and money been lost but there’s also the added wrinkle of employee morale being lowered as a result of this HR goof.…
Read MoreBuilding an Accounting and Finance Team: From Zero to CFO
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…
Read MoreHow to Create a Happy and Productive Work Culture
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…
Read MoreStartup Accounting: How to do it right from the beginning
Of all the seemingly endless tasks a business owner has to perform and oversee to ensure his or her startup will survive, accounting should be at the top of the list. One simple misstep can take down a fledgling company. For example, a lack of cash flow is a common reason why many startups fail.…
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