The number one priority for business owners is typically profitability. When it comes to tracking financial metrics, they steer towards numerical values that equate to extra dollar signs. Some might start vigorously tracking various KPIs in order to be able to report that to investors, board members or even internal departments. What is often overlooked […] Read more “7 Non Financial Metrics You Need to be Tracking”
Start-up Blog
Startups have a lot of moving financial elements, especially in the earlier stages. You’re figuring out the pricing strategy, fine tuning costs, searching for investment dollars and keeping an eye on cash in the bank. Early on, these factors cause many founders to see the need for a financial professional — beyond basic bookkeeping. But […] Read more “Does Your Startup Need a CPA or CFO?”
Most individuals these days wish to own their businesses and enjoy an independent life. Everyone focuses on the benefits of running a business and neglects the challenges associated with the process. What many aspiring entrepreneurs fail to understand is the importance of tracking cash flow. Do you know that about 9 of every 10 businesses […] Read more “5 Habits That Drain Your Startup Cash Flow”
Is KPI tracking part of the day-to-day accountability in your startup? If not, you could be missing out on essential feedback to help you hit your targets. Startups have a monumental task ahead of them. They not only have to make their product work, but they also need to grow as a business and, above […] Read more “KPI Tracking for Startups”
Funding or not, a financially savvy startup founder is better equipped for the long haul. Nearly a third of all failed startups cite running out of cash as the primary reason for the failure. For early stage companies, with investor funding, the cash runway is a bit of a ticking clock. At the end of […] Read more “7 Elements of a Financially Savvy Startup”
Can CFO reporting make a meaningful difference in your growth? You’ve successfully launched your business and you’re in a season of growth. Like many CEOs, you have big plans for your business and you want to make all the right moves to help you reach your goals. To do this, it is important that the […] Read more “How to Get Maximum Value from CFO Reporting”
As a business owner, you surely could do with a few extra hours in the day. After all, there’s plenty that you could do during those hours that could help your business grow or give you some extra time to recharge. Since adding extra hours in the day isn’t possible, you have to find ways […] Read more “Productivity Tips for Business Owners”
When you started your business you surely had a vision of where you wanted it to be in the future. But at some point, you come to the realization that reaching your initial vision is not as straightforward as you may have thought initially. Lack of clarity in goals typically happens to most startups or […] Read more “OKRs: What Are They, And Why Track Them?”
A healthy bottom line is not just about growing revenue — as there are specific financial principles that create a bigger impact. The world certainly had its fair share of chaos in the past several months. For many business owners, it’s been a good lesson in the value of financial stability, preparedness and principle. A few […] Read more “5 Financial Principles of Growth”
As a business owner, you’re often deep into the work for your customers and clients. You have a decent idea about your objectives and growth plan. Over the years, you’ve developed something you’re really proud of and hope to build even more. Every quarter you take a look at revenues, expenses and upcoming decisions. If […] Read more “What Are Your Personal Financial Goals For 2021?”
There are key metrics for saas companies that can make the difference between success and failure. Is your company tracking these metrics? Even though the SAAS model of business has grown in popularity in recent years, the concept itself was born over 60 years ago. It started when major players in the computing world like […] Read more “9 Key Metrics for Saas Companies”
The most important asset for every business is the people that are a part of it. Every business owner knows this, and for this reason, one of the biggest aspects of making sure your business grows consistently is having the right talent. The problem then becomes a matter of being able to afford the talent […] Read more “How A Modern CFO Helps With Forward Planning”