Category: Technical Accounting

Launch Your Startup: Managing Cash Flow for Startups: Why Cash Is King

When it comes to running a startup, one rule reigns supreme: Cash is King. No matter how innovative your product is or how exciting your growth plans may seem, maintaining healthy cash flow is the foundation of sustainable business success. Mismanaged cash flow has been the downfall of countless startups, even those with promising potential. For venture-backed startups in particular, where cash burn and runway are key metrics, mastering cash flow management is a crucial skill.

Drawing from strategies and processes commonly applied to venture-backed startups, let’s dive into practical ways to sustain financial health and ensure your business isn’t just surviving, but thriving.

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Launch Your Startup: Master Your Startup’s Budgeting Process

 

Starting a new venture is exhilarating: you’ve got a revolutionary idea, a passionate team, and a vision of ringing the bell on Wall Street. However, before you book your first-class flight to the Big Apple, there’s an essential step that leads to success: mastering the budgeting process.

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The Advantages of An Outsourced Technical Accounting Team

It’s predicted that more than 40 percent of your team will be outsourced in the new year, so if you’re considering hiring a technical accounting company versus an in-house team, find out the situations where outsourced is the better choice.

Some experts estimate that our workforce will be comprised of 40 percent freelancers, also known as outsourced resources. It’s important to understand when and how to utilize an outsourced team of experts to your advantage when it comes to your technical accounting.

 

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