If you’ve bought any amount of Bitcoin a few months ago, the return has been awesome. With the flagship cryptocurrency hitting more than $35,000 per Bitcoin, many are flocking to “get in” before things go much higher. But at the strike of midnight between December 31st and New Years Day, the need to claim [...]
KPI reporting is potentially the most important aspect of tracking whether your goals succeed or fail. There’s a famous quote, attributed to Peter Drucker, that says, “What gets measured, gets managed.” Anyone with a keen eye for granular details has heard this saying. In business, especially fast-moving startups, the only way to really tell [...]
There are metrics to review for every business as you evaluate what worked and didn't in 2020. The New Year brings a chance at a fresh start. A chance for tackling new opportunities and goals, while improving things from the previous year. An annual plan for a business is the roadmap that will set [...]
Each year, businesses file their taxes. The season includes hard deadlines, fees, not to mention potential fines and other penalties imposed by the IRS. Add these to the fact that you (potentially) have to pay a portion of your profit — it all equals a stressful time for many startups and entrepreneurs. As with most [...]
Have you ever been confused by startup jargon? You had a perfect idea, found the perfect people for the job, and now you’re ready to take the next big step, launching your startup. Whether you’re going the bootstrapping route or getting funding there’s one thing you need to be able to do which you [...]
As your startup grows from a bootstrapped company through the first rounds of outside funding, your accounting services needed will change significantly. The level of reporting and analysis required for a more advanced startup is significantly higher than when you’re just starting out. Companies have different stages of funding and growth, including: Bootstrapper (self-funded, [...]
Whether you’re bootstrapping or looking for funding, a budget is a necessary first step in getting your startup off the ground. When looking for funding, a budget is the first of the many requirements investors will have (after seeing your pitch deck). And if you’re bootstrapping an absence of a budget can set you up [...]
How important is your pitch deck for funding? Grabbing the attention of an investor shares many common traits of gaining the awareness of your target market. It takes a funnel. Your customers move through the marketing and sales process. Many potential customers see an ad (or content via SEO), some of those visit your [...]
Is your startup outgrowing Quickbooks? Quickbooks has become the go-to accounting software for small- and medium-sized businesses, but its utility is limited for fast-growing startups. As your company expands its operations, hires more staff and creates subsidiary entities, it becomes increasingly likely that you’ll need a more robust system to handle your books. If [...]
Cap table mistakes can be extremely costly for founders. Every startup needs to build and maintain an accurate capitalization table, but that’s easier said than done over the long term. When your company is first starting out, your equity shares and ownership percentages are pretty straightforward. Most startups have somewhere between one and four [...]
