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Financial Management: 7 Steps To Getting Your Small Business Debt-Free

The Startup Magazine

Whether you are new in business or an established entrepreneur, you need to be diligent with your finances. If you are struggling with settling your dues, it is essential to find effective strategies to get your business out of debt. So, anytime you sense that your business is getting into debts, consider reviewing your budget first.

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How to Wisely Utilize Debt for Business Expansion

The Startup Magazine

Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy. You may need funding for new equipment, hiring additional staff, expanding facilities, or investing in marketing and advertising campaigns. While debt can provide necessary funds for expansion, it also comes with risks.

Finance 143
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The Startup Guide to Affordable Accountancy

The Startup Magazine

What you may not know is that 82% fail due to poor cash flow management, according to a study by a US Bank. In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. Accounting Software. In such cases, accounting software will do just fine.

CPA 74
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Nuts & Bolts of Intellectual Property for New Startups

Gust

It’s possible to have a company with literally millions of customers (users) that employs only a handful of people, working in a small rented office, with hardware and software costing in the tens of thousands rather than millions of dollars. One common mistake is to equate “IP” with “code” or other technical contributions.

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

Poorly calculated LTVs can become BVs (bankruptcy values). In an eCommerce or Internet Services business it is often the marketing costs (if purchased online) and in an enterprise software company it is often marketing plus enterprise sales reps. The reason one would accept losses is when they are investments in fueling faster growth.

Metrics 150
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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. They read reviews of the products of target investments.

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21 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Hiring an expert or a coach to walk you through this stage can help you minimize the chances of failure although identifying the problem first can be a great way to create a long-lasting strategy. Durant lost control of GM to a bankers' trust just two years later, in 1910, due to enormous debt and a crumble in automobile sales.