Business owners who wish to offer employees a percentage of future profits may be considering a profits interest method for doing so. This can be a beneficial opportunity for all involved. Before you offer profits interest, it’s important to make sure it’s the right option for your business. Once you’ve done that, you need to […] Read more “How to Implement Profits Interest in Your Business”
Category: Strategic Planning
Every marketing agency needs a tax strategy and now is a great time to put one together. Your tax strategy sets the financial stage for the upcoming three to five years. This forecasts your business revenue and projected expenditures. As a result, you can better plan the best practices for the smart growth of your […] Read more “Building a Tax Strategy for Your Marketing Agency”
It’s never too early to start preparing your finances for year-end. A head start now will set you up for a smooth closing process down the road. As you begin preparing for year-end, there are a few things to keep in mind. You’ll want to make a plan, reconcile your accounts, run and review your […] Read more “How to Start Preparing Your Finances Now for Year-End”
Whether a new startup owner or a seasoned vet running a business, odds are you are constantly looking for ways to increase your revenue. Doing this task usually leads to marketing tactics that will let you reach more people who want to hire you or buy your products. Said differently, most growth efforts are centered […] Read more “How to Approach Pricing in Your Agency”
As the founder of a startup, it’s likely you play some sort of leadership role. Whether it be on a team to accomplish certain goals or guiding other team leaders, it’s important to have strong skills and a solid decision-making process to help your startup grow. Establishing those skills and processes can be done in […] Read more “Data-Driven Leadership: What it is and how to use it in your business”
As a founder of a startup, at some point, you will likely find yourself in need of securing capital through an investor. To come to an agreement with your investor(s), you will want to outline some specifics of who gets what in this deal which is where a term sheet comes in. What is a […] Read more “What Founders Need to Know About Term Sheets”
Investors have many reasons to put their money into a startup. They may like the thrill. They may want to mentor younger founders. But whatever their motivation, above all, they are looking to get a return on their money. Investors who are willing to assume a more significant amount of risk by investing in a […] Read more “What Investors Look for in Startup Financials”
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”
A financial app can help your business, but it’s often difficult to navigate the complex ecosystem. Just like every entrepreneur, you wear multiple hats. At one point or another you’ve probably been involved, or still are, with every part of your business. One aspect that definitely needs your attention is your business’s financials. But you […] Read more “Financial App Ecosystem for Entrepreneurs”
Knowing when you can hire is a major challenge for startups to navigate. Getting the right balance can make or break your business. Wages, employee benefit and payroll taxes are often the biggest cost of doing business. And you need to time your hires very carefully to avoid hamstringing your growth. If you pull the […] Read more “How to Know When You Can Hire”
Should you outsource accounting in your business? Running a small business is hard, admirable work. You have clients to help, employees to support and a vision to nurture and manifest. Most small business owners love these meaningful parts of their work. And the more time you can spend deep thinking, strategizing and navigating the twists […] Read more “Should You Outsource Accounting?”
The process in determining how to price your products or service can often make or break your company. Managing a startup’s financial health is a science. You have to learn to let data guide the finer points of your business, even when it goes against what your instincts might tell you. It takes time and […] Read more “How to Price Your Products and Services”