Any bootstrapping entrepreneur knows fundraising can be a fickle beast sometimes. Whether you’re approaching friends or family, applying for a bank loan, or pitching to venture capitalists, financing your vision takes many forms. And it all comes down to one need: an injection of cash to bring your business to life.
Startups should always strive to be innovative and affordable. Unfortunately, they don’t always succeed, as a CB Insights survey notes that 29 percent of startups fail because of cash-flow issues. For tech entrepreneurs who want to break into an established industry — or just start a business — research and development (R&D) tax credits are a great way to decrease taxes and increase cash flow.
That first salesperson can be a tough one to tie down. Do you zero in on the high-falutin, well-experienced, pricey VP of sales, or do you take a shot at someone who can roll with all the unpredictability and minutiae that comes with a new startup?
How can a company incentivize employees without running out of money or dramatically altering its business model?
It’s no secret that Silicon Valley is saturated with formidable tech startups. The tech hub has attracted investors, built a thriving community, and spawned innovative concepts and ideas popular around the world. As competitive an environment as it is, startup disruption also fosters support structures for founders and improves the local economy.
chatCONTACT US today for a free consultation to discuss the financial pain points of your business.