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Small Business Accounting 101: 9 Steps to Get Your New Business on Track

Up and Running

But before your business really gets off the ground, you need to make sure you have your accounting administration set up properly. Accounting may seem like the most mundane aspect of running a business, but it’s also the most essential to keep on track —especially during the early stages. Team up with a CPA.

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It's a startup, not a spreadsheet

Startup Lessons Learned

One way to conceive of our goal in an early-stage venture is to incrementally “fill in the blanks&# for the business model that we think will one day power our startup. For example, say that your business model calls for a 4% conversion rate – as ours did initially at IMVU.

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Beware The Consultant

infochachkie.com

There is an inherent conflict in a consultant’s business model and the needs of a startup. At the early stages of your company’s life, you cannot rely on disinterested, hired guns to define your company’s key tasks. John is a CPA and holds an M.B.A. Yet, it does nothing to help you execute your business model.

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Key Performance Indicators (KPIs) for Optimization

ConversionXL

At their $39/month price point, this means that a customer generates about $1,800 in lifetime revenue, allowing Constant Contact to make money at a CPA (cost-per-acquisition) of $450.” Calculating LTV depends on your business model. ” Be careful giving this too much weight, though: sometimes LTV metrics lie.

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Lousy Products Might Break Your Bones – But A Name Will Seldom Hurt You

infochachkie.com

Our name was so disconnected from our business model that we were in the midst of a protracted and expensive name change initiative (along with a small army of consultants), at the time we sold Expertcity to Citrix. John is a CPA and holds an M.B.A. Get hands-on advice from your John Greathouse, Subscribe Today. —.

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How to Fine-tune Your Small Business Finances—from Funding to Growth [Webinar Recap]

Up and Running

Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. Three, I’m a book keeper, accountant or CPA and other. I’m an entrepreneur or in the startup stage of a business.