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Understanding How Collaboration between HR and Finance Can Improve Business

The Startup Magazine

One key area where collaboration can make a big difference is between HR and Finance. Image source In this blog, we will explore how an HR-Finance collaboration can drive success for your organization and discuss some practical strategies for building effective partnerships between these critical departments.

Finance 128
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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. But it’s not only major corporations that grab his attention.

Finance 217
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How to Build a Robust Treasury Framework for Your Startup

The Startup Magazine

For those new to the world of startup treasury management, it’s crucial to grasp the essence of a treasury framework. At its core, this framework is an organized approach to manage a startup’s finances while effectively mitigating risks. Why does this matter for your startup? So, how does one form such a bond?

Framework 132
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Essential Skills for Building a Successful Startup

The Startup Magazine

Running your own business is incredibly liberating and fulfilling, but it can also be a particularly challenging journey, especially considering the large percentage of startups that fail during their first year. Web development. Photo by rawpixel.com from Pexels. Resilience.

Startup 108
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Extremely Valuable Tips for Creating a Financial Forecast During the Early Stages of an Entrepreneurial Journey

Up and Running

Working on a startup can be exciting, exhilarating, fulfilling and maybe even a little terrifying. Creating financial forecasts and budgets are not typically how many entrepreneurs envision spending their time, but these tools are incredibly necessary. The value of a forecast. First, understand your finances.

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How to Create an Attractive Presentation for Investors

ReadWriteStart

A compelling presentation shows how well you understand your project and its development. According to Crunchbase, in 2021, startups raised $201 billion in investments during the initial stage of their launch. These statistics show that investors are interested in financing new projects and are ready to consider existing ideas.

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What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.). If your business model is profitable but you’ve mismanaged one of the above categories, you need to build a 13-week cash forecast to manage your short-term crisis. Research and development.