Keeping up with bookkeeping and tax obligations can cause even the best of startups to buckle under the pressure. What should be simple, straightforward processes become muddled and complicated when…
I’ve seen and designed hundreds of financial models over the years. Let’s talk a little bit about what characterizes a good model and some of the mistakes that can make…
Starting a new venture still costs real money, even though the price of entry has come down dramatically in the last few decades. For example, I come from a software…
A frequent concern I hear from aspiring entrepreneurs is: “I have invented a great product, and I want to set up a company so that I can avoid tax and…
For start-up and established businesses alike, there are few planning processes more critical than financial forecasting. Financial forecasting provides proper, well-informed projections of anticipated expenses and revenues, allowing for strategic…
I was recently speaking to a software company CEO who was excited about having signed a big multi-year contract with a customer. He mentioned that this contract would significantly increase…
Why keep business records? When you’re passionate about your company, keeping accurate business records can seem like a boring chore. It’s not the most glamorous or engaging task, and it…
A call came into our office last week from a stressed-out small business owner in Florida. He said that he needed a business plan right away that he could submit…
Mobile payment systems are sweeping the consumer landscape, offering speed and flexibility to both customer and retailer. Mobile payments include both systems that allow consumers to make payments with their…
Last week we received an inquiry from a young woman in North Carolina. She told me that she and her husband wanted to start a commercial landscaping business. She said…
