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Tracking Your Startup Expenses

If you’re running a small business, it’s likely that you have a lot of different kinds of expenses that you need to keep track of. From travel expenses to trainings and seminars to a company vehicle and mileage, keeping track of your startup expenses is necessary for:

  • Tax purposes
  • Identifying strategies for reducing your burn rate (in othe...

When Is It Time to Hire a CFO?

You may think that you don’t have enough money to hire a CFO. You may be right. But, even if you don’t have the funds to justify hiring a full-time (or even part-time) CFO, you still need some sort of finance assistance. So when is it time to hire a CFO—and what should you do until then? How Much Money Does a Startup Need to Hire a CFO? As with so many early-stage com...

Bottom-Up vs Top-Down Forecasting: Realistic Financial Planning

Forecasting is the process for projecting estimates for your future sales and revenue. Even if you are pre-revenue, pre-sales, you need to go through this process—both for your own better understanding of your company’s cash flow and needs, as well as to help you to secure funding. And forecasting isn’t just a once-in-a-company’s-lifetime process, of course. Once the sales start rol...

How to Build a Successful Startup Team

What should your start-up team look like? Oooh boy, that’s a good one! It’s easy to get bogged down with hiring. But, as with every aspect of growing your company, the more focused and informed you can be, the better your decisions. The main thing to keep in mind is that you should be building a team that reflects the type of company you want to be. Who are you? What’s your...

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