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5 Ways Bad Financial Data Can Cost You During Funding
9Nov
5 Ways Bad Financial Data Can Cost You During Funding
Your books are the key to your company’s past, present, and future. Make sure you have the right historical financial data and reporting before fundraising.
Your Startup’s Success Might Be Hindered By Your Accounting Method
2Nov
Your Startup’s Success Might Be Hindered By Your Accounting Method
As a startup founder, you need the right financial data in order to make decisions that put you in a position for growth.
Start Hiring Sooner—the IRS Will Pay You To Do It
7Sep
Start Hiring Sooner—the IRS Will Pay You To Do It
Hiring? If you run a startup, you probably should be. Job growth is up, unemployment is down, and our country’s already competitive labor market is on track to tighten even further in the coming months.
How Founders Can Prioritize Spending to Maximize Business Growth
10Aug
How Founders Can Prioritize Spending to Maximize Business Growth
Founder of Amazon, Jeff Bezos, says, “We cannot be in survival mode. We have to be in growth mode.” Any business must be growing to survive and flourish, especially in its initial years.
The Role Outsourced Accounting Plays in Growing Your Startup
17Jul
The Role Outsourced Accounting Plays in Growing Your Startup
From everything I’ve learned so far from the businesses we work with, early-stage companies are trying to make a million things happen at once. Most startups we talk to don’t have their operational processes defined right off the bat, so they’re constantly tackling logistical and departmental emergencies all while trying to meet the increasing demands of successful growth.
8 Budgeting Tips for Surviving Seasonal Business Ups & Downs
9Jul
8 Budgeting Tips for Surviving Seasonal Business Ups & Downs
First things first, you need to determine the minimal requirements it takes for your business to exist.
3 Signs Your Startup is Ready for an ERP System
18May
3 Signs Your Startup is Ready for an ERP System
Computers have long since become an integral facet of companies of all shapes and sizes.
Making the Switch from Cash or Accrual to GAAP Accounting
9Mar
Making the Switch from Cash or Accrual to GAAP Accounting
One of the most thoughtful and hardworking CPAs I’ve ever met once told me that businesses are like fingerprints—each one is unique and has different ways of tracking and sharing financial information internally.
The Best Times of Year to Outsource Business Accounting
5Jan
The Best Times of Year to Outsource Business Accounting
Maybe you hate spending your Saturdays in spreadsheets, or maybe you hit a few major milestones and are outgrowing your current system.
What Do Different Industries Spend on Marketing?
8Dec
What Do Different Industries Spend on Marketing?
There’s lots of advice out there about what companies should spend on marketing. Most commentators claim businesses should spend around 6-12% of their revenue on marketing, but it’s important to remember that’s when they’re speaking to a wider audience
How to Support Women-Led Small Businesses
10Nov
How to Support Women-Led Small Businesses
The marketplace is currently seeing an all-time high of women-led businesses. Among these, a staggering 99.9% are classified as small business ventures, meaning they employ 500 people or less.
5 Small Business Trends to Work Into Your 2018 Plans
3Nov
5 Small Business Trends to Work Into Your 2018 Plans
Small businesses must transform themselves to keep up with ever-changing technologies moving the world forward.
3 Financial Metrics I Use to Run My Marketing Agency
6Oct
3 Financial Metrics I Use to Run My Marketing Agency
No successful marketer decides to start their own agency because they love accounting. Not even the most passionate digital marketers who love getting deep into the data, like I did when I started Adficient.
7 Signs It’s Time to Hire Employee #1
1Sep
7 Signs It’s Time to Hire Employee #1
They say “the more, the merrier,” and in most cases it is undeniably true. But for a tight-knit team of founders, widening the circle to bring in your first employee is a big—sometimes daunting—milestone.
What to do if You Commingle Personal and Business Funds
10Aug
What to do if You Commingle Personal and Business Funds
One of the most common problems we see from startup founders who are first moving away from DIY accounting is a wide range of “personal transactions” being made with the business accounts.