article thumbnail

The Startup Guide to Affordable Accountancy

The Startup Magazine

In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. While hiring a CPA may be quite costly for a startup that is yet to establish a footing in the business world, it does have its own benefits. So, why would you need an accountant?

CPA 70
article thumbnail

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

Lean 60
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Latest Questions Small Businesses Are Asking

Up and Running

Consider a venture feasibility study as a start on a business plan if the idea looks profitable. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics. Leave your question in the comments below.

article thumbnail

Website Ads are Not a Revenue Stream for Startups

Startup Professionals Musings

One of the biggest red flags I see in many Internet-related business plans today is advertising as the initial revenue stream, or a key part of it. Until you get a million page-views per month, your revenue will be negligible, and advertisers won’t be interested in your site. This is a tough business. Face reality.

Revenue 266
article thumbnail

How To Make Money Like Facebook With Online Ads

Startup Professionals Musings

One of the most popular and least successful models I see in new business plans for startups is the so-called Facebook model, providing free services to users while collecting revenue from ads to offset costs and grow the business. The advertiser sees it as cost per acquisition (CPA) or pay per performance (PPP).

CPA 120
article thumbnail

Funding a Startup from Advertising is a Vain Dream

Startup Professionals Musings

One of the biggest red flags I see in many Internet-related business plans today is advertising as the initial revenue stream, or a key part of it. Until you get a million page-views per month, your revenue will be negligible, and advertisers won’t be interested in your site. This is a tough business. Face reality.

article thumbnail

Do You Have a Hobby or a Business?

Up and Running

And they serve as the first step in developing SMART Goals , which can help ensure that you actually develop strategic steps to make your fledgling business a success. Create a Lean Business Plan. Establishing goals also opens the door to develop a Lean Business Plan. Get your finances in order.

Lean 146