Positive blog

A fresh approach to Financial Management and Financial Tools
Seed to Series B - Feature Image

22 Mar: Getting a seed round done is only the beginning of your start-up journey

Often times entrepreneurs are surprised by the relative ease with which they are able to raise seed capital. Whether funding is raised from friends and family, angels or early stage institutional investors, in most cases the premise of the funding is a good idea.  And early proof points that provide the investor confidence that the founder is capable of building a company around his or her vision. However, the bar is normally raised significantly when it comes time for a Series A.  And that heightened bar often catches founders by surprise. 90% of start-ups fail It is broadly acknowledged that…

Common mistakes entrepreneurs make

18 Mar: What are the common mistakes entrepreneurs make?

As a company focused on working with growth companies and entrepreneurs, we see a lot of amazing ideas.  We witness huge wins, and huge losses, and we love that we get to bear witness to the birth of great ideas and great companies.   In this respect, we’ve seen our fair share of mistakes made by well-intentioned founders.   Here’s a few common threads that we’ve noticed along the way; Founders making the wrong hire  Hey…we’re the first to believe that your referral network is the best network.  It’s true. But for critical roles within the organization sometimes the “buddy”…

Setting up your finance department

12 Mar: Setting up your new company’s finance department: Getting it right the first time.

You’ve made the leap. The incorporation paperwork has come through and what was once just an idea is now a real company. So where do you go from here? What do you need to do to get your company up and running? The Banks… One of the things you’ll realize very quickly is that you need to find a way to manage your new company’s money. You can’t just run this thing from your personal account, that won’t work. So, step one – you need a bank account. Choose your financial institution wisely, each of them will have different account…

lightbulb

07 Mar: What is BPO financial accounting?

What does that even stand for?  BPO stands for Business Process Outsourcing.  Let’s clear that up first and foremost. Whenever we spend time speaking to a prospective client, this is the first thing we have to address. What do those 3 letters stand for? Now that we’ve cleared that up, let’s talk about why a company might considering looking to use a BPO partner specifically for ERP implementation. Expansion to other markets Multiple currency accounting A need to make better business decisions based on company financials and a lack of a view into them with existing bookkeeping solution A company’s…

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