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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…

Is Quickbooks the right accounting tool for your business?

22 Feb: Is Quickbooks the best small business accounting software?

It depends.. So here you are, Small Business Owner. Off on your own, chasing the dream of running a successful enterprise. You’ve thought of everything: you have a product, you have a plan to get that product to people who want it, and you’ve even found your first customers. Just one question – how are your customers going to pay you? Inevitably, you start scouring the internet, Google-ing your way through “Best accounting software” and “accounting?” and you’ve come to realize that there are a lot of accounting systems on the market. But you remember that commercial, the one from…

Demystifying Financial Statements

20 Feb: Demystifying Financial Statements.

You’ve made the leap. Taken your life into your own hands and started your own business. You’re passionate about it. You’ve got a couple of employees who are putting out some really astounding efforts, and it’s time to look toward the future. That’s when it hits you… the horror stories you’ve seen and heard about companies plateauing or failing.  Perhaps because the operator, like the mythical Icarus, got too close to the sun and missed some minute financial detail that started them on the path to failure. But that’s not you, you’ve got a handle on this … right? But…

Outsourced CFO

20 Feb: Why an outsourced CFO is the best option for you.

Your startup business is up and running; you’ve got a product, a wonderful team, and you’re breaking into some markets. Sales are coming in, bank accounts are growing, and investors are starting to kick the tires. With all of this success, you’ve now created a new problem; how do you manage the finances to support this activity and position yourself for growth? Your management team has come to you with a solution – it’s time for a real finance department and to find someone to lead it. Establishing a finance team is more than just finding a good in-house bookkeeper….

Outsource

20 Feb: Focus on your core. Outsource the rest.

Your business is established now. You’ve moved from the spare bedroom of your place into that great open office with the Foosball table and the cool coffee machine. Your consulting CFO is positioning you to scale, and has brought you a strategy with that word on it again: outsource. Major corporations outsource things all the time, like those *shudder* call centres you hate so much, to save costs. But you’ve always been a believer that if you want things done right, you do them yourself. That’s a great mentality when your company is just you and your clients and managing…

Succeed in a Startup

20 Feb: How to Succeed in a Startup in 11 Steps

@c_blazquez posted this great infographic (by Anna Vital) about startups on twitter based on Paul Graham’s essay: Startups in 13 Sentences. How to Succeed in a #Startup ! #innovation #mpgvip #defstar5 #MakeYourOwnLane #GrowthHacking #marketing #startups pic.twitter.com/f5J7qLje2m — Christophe Blazquez (@c_blazquez) August 1, 2017 We thought we would provide our own take on Paul’s 13 Sentences on Start-ups. Pick good co-founders There are so many challenges that come along with starting a business. Many entrepreneurs find that they don’t have everything that is required to build their start-up by themselves. Having someone to help you along the way can be quite…