Why Should Startups Have Financial Forecasts?
Are you ready to dive into your new business idea? Most are. Most thrive from the momentum of creating, failing, learning, and repeat. But there is another side to having…
Are you ready to dive into your new business idea? Most are. Most thrive from the momentum of creating, failing, learning, and repeat. But there is another side to having…
Is this your first time starting a business? If so, you probably have a lot of questions about everything. And you might be tempted to contact a firm like ours…
I spent nine years running a US subsidiary of a Germany company. Their obsession (at least the group I worked for) with metrics gave me an appreciation for the power…
In this age of the lean startup, minimum viable product, and fail fast, the advice is clear, test everything as soon as possible. Also, do it while making the smallest…
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…