article thumbnail

[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Many companies seek angel investors, venture capital and even family and friends’ money when they’re planning to start a company. Michael Majeed: When projecting profits and losses, an entrepreneur needs to start with expenses, not revenues. Financial intelligence is important to anyone starting a company.

Finance 217
article thumbnail

14 Tips for Starting a Successful Business

Up and Running

With this information, you can forecast the viability and profitability of the business. To truly stay on top of your finances, you should start creating financial forecasts as early as possible. Once you have actual financial data just update your forecasts. Recommended Reading: How to forecast cash flow.

Forecast 154
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . LivePlan makes it easy to compare your actuals against your forecasts when you connect an accounting tool like QuickBooks or Xero. Good questions.

article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . LivePlan makes it easy to compare your actuals against your forecasts when you connect an accounting tool like QuickBooks or Xero. Good questions.

article thumbnail

10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

In fact, investors recognize that founders usually learn more from mistakes than from success, so a well-explained startup failure can improve their odds of funding the next time around. However, investors do expect you know the common pitfalls -- and not repeat them. Forecast revenue growth that defies business principles.

article thumbnail

7 Team Attributes That Can Make Any Idea Come Alive

Startup Professionals Musings

There is an old saying in the startup investor community, “Smart investors invest in the team, not the idea.” As an angel investor, I’ve learned to believe in this approach, since I have seen great ideas go astray, due to poor execution and I have seen apparently marginal ideas make millions, managed by a savvy entrepreneur.

article thumbnail

Completing your first capital raise: ten lessons for startups

NZ Entrepreneur

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. A company is more than the CEO / founder, so tell your angel investors who’s in your team. It’s been growth ever since, and in 2020 the company pitched for funding to scale up. Lesson 10.