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How to Tell If an Investor Is Right for Your Business

Posted by Celene Robert to Investment, Business Advice, Business, Guides, Funding

It’s time to bring your business to the next level. Maybe you’ve recently launched and sparked significant interest in the market, or maybe you’ve been building the company for several years and have recently achieved a sustainable pattern of growth and momentum. Whatever stage you’re at—whether you’re looking for seed capital, early stage funding, or later stage financing—you’re entering into serious discussions with potential investors.

  • Do you know which investors are worth your time and energy?
  • Are you able to pick out the worthwhile sources of capital and smart strategic partners from the crowd?

If you can’t, you risk not only wasting your own time, but potentially setting your business up for significant legal and financial instability.

What Is the Ideal Burn Rate for a Growing Company?

Posted by Celene Robert to inDinero Academy, Accounting, Business Advice, Business

Burn rate is a matter of life and death—startup life and death. It’s the difference between companies that survive for years and those that shutter within months. It’s a critical metric for any investor considering supporting your business. And it’s frequently misunderstood and underestimated by the people who should be paying attention to it most.


Here’s what you need to know about burn rates, including what they are, why they matter, and how to calculate yours—and determine if it’s where it should be.

5 Tech Tips to Add Hours to Your Day

Posted by Patrick Hearn to Accounting, Business, Startup Tips

 

If there is one statement that holds true for all startup founders regardless of industry, it's this—there just aren't enough hours in the day. Between developing and promoting your product managing finances and fundraising, and overseeing vendors, clients, and employees (not to mention living your personal life), you can’t get it all done in a day. Thankfully, technology can alleviate some of that burden and help you work more efficiently. Here are five ways technology can help you add hours to your day..

3 Essential SaaS Metrics to Exceed Investor Expectations

Posted by Celene Robert to Accounting, Business, Funding, Startup Tips

 

If you run a Software as a Service (SaaS) company—that is, if you provide licensed software via the cloud—I have some good news for you. SaaS is on track to reach a public market value of $76 billion in 2020.


Let me put that number into perspective. In 2016, the SaaS public market was worth $38.5 billion. We’re talking about an already-booming industry with the power to nearly double in size in just four years.


Which leads me to my other piece of good news: SaaS companies present enormous opportunities for investors. But you probably knew that. Maybe you have a few investors on board and engaged in a funding round right now.


In any case, I’m here to help you attract investors and consistently exceed their expectations. The key, much like that $76 billion figure above, lies in the numbers. Take a look at a few essential metrics investors pay close attention to when evaluating your company’s performance:

CommonCoach, an inDinero Client, is Changing College Admissions

Posted by Celene Robert to Customer Spotlight, Accounting, Business, Case Studies, Startup Tips

Share an essay on any topic of your choice. It can be one you've already written, one that responds to a different prompt, or one of your own design.


This is just one of many Common Application questions university candidates are facing today. Anyone facing college admissions is looking forward to hours, maybe days, of wading through demographic, academic, personal, essay (we could go on, there are so many more!) questions, often on their own or with the help of a very overworked school counselor. Perhaps the most daunting challenge for students is that they don’t understand which questions are most important, and how your answers affect your admission.


A couple of former admissions officers, Anna Ivey and Alison Cooper Chisolm, decided to level the playing field. They started CommonCoach and built their product, Inline, which provides real-time, expert support for all those pesky general questions. And the best part - you can get started for free.

Get Your Docs in a Row with Document Management

Posted by Celene Robert to Accounting, inDinero Product Updates, Business, Startup Tips

We know the moment well: you need your business’s tax return from the early 2000s and you know it's saved somewhere on your computer. However, the name, location, and really any other detail eludes you, as decades have passed. After 30 minutes of aimless searching, the tax return surfaces under an obscure filename.


Don’t let search get you down.


With Document Management (or Doc Management, as we like to call it), you have more control over all your business’s documents. As your virtual filing cabinet, you can upload, view, download, or delete important files like tax return, cap tables, or monthly billing statements.

Start Hiring Sooner—the IRS Will Pay You To Do It

Posted by Celene Robert to Taxes, Accounting, Business Advice, Payroll, Business, Startup Tips

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.


Long story short: now is the time to focus on employee recruitment and retention. Fortunately— for once—you can count on the Internal Revenue Service for help. Numerous tax credits cover costs associated with hiring. In fact, the United States tax code is full of benefits and incentives aimed at helping emerging companies like yours create jobs. Check out a few ways the government will literally pay you to hire people:

What Could Your Startup Accomplish With an Extra $250K in 2019?

Posted by Celene Robert to Taxes, Accounting, Business Advice, Business, Startup Tips

A quarter of a million dollars could transform your startup. Or it could buy you a vintage Taco Bell hot sauce packet. No joke—as of this writing, that is a genuine listing on eBay: one unopened pouch of Taco Bell hot sauce, circa 1984–1992, priced at exactly $250,000.


If you can think of better ways to spend $250,000 (or if collecting expired condiment packets is truly your definition of Living Más—I won’t judge), you should consider claiming the United States Research Experimentation Tax Credit, commonly referred to as the R&D Tax Credit.


8 Budgeting Tips for Surviving Seasonal Business Ups & Downs

Posted by Melissa Hollis to Accounting, Business Advice, Business, Budgeting

 

Seasonality is a common experience many businesses face when they’re building out their budget. There are obvious examples in the form of tanning salons and ice cream shops to tax firms and event space venues, but even a digital agency or SaaS startup can experience high and low points in cash flow throughout the year.


Here’s a few tips on how your business can plan for seasonal slumps and take advantage when business is booming.

4 Tips to Build a Strong Foundation for Funding

Posted by Melissa Hollis to Investment, Accounting, Business, Funding, Startup Tips

There are many articles out there that provide a wide array of lofty advice about fundraising. Some of the groundbreaking tips in those articles may cause you to rethink minor details such as the order of the slides in your deck or even something as major as your go-to-market strategy. This is not one of those articles, but we do have an ebook full of stories that are sure to inspire here.