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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

As your business grows, you may no longer have time or expertise to effectively manage your finances. Make a Decision About Which Accounting Method to Use to Track Your Finances. To start, you need to determine which accounting system works best for your needs – cash versus accrual. Review Your Accounting Tools.

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Understanding The Different Types Of Finance Documentation And How To Use Them

YoungUpstarts

Official’ finance record keeping has to be carried out using specific financial documents, and supporting paperwork has to be undertaken so that an accountant can calculate the company’s tax liability and submit accounts to the IRS (Internal Revenue Service). So what are the main finance documents to be aware of? The documents.

Finance 113
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Managing The Debt Of Your Small Business

YoungUpstarts

However, third party financing and unsecured loans often charge much higher interest rates. Professionals often compare the cost of debt with their new revenue projection. If the financed debt provides adequate returns on your investment, then it’s worth it. Be Honest About Your Financial Position. Wrapping Up.

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10 Things Every Small Business Needs To Do

Up and Running

There are a series of “levers” in your business that will affect your cash position. It was a business doing $20 million in revenue per year that had been around for 20 years. Had they gotten rid of those product lines, they would have only made about $13 million in revenue, but over $1 million in actual profits.

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How to Improve Financial Metrics That Matter

Up and Running

Cary Collins, director of the Global Entrepreneurship Program and associate professor of finance at Bryant University. How to improve your cash-assets ratio. A key way to boost a business’s cash-assets ratio is to boost its cash position, and there are numerous approaches to do this. Liabilities-assets ratio.

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Cracking The Code: The Bessemer 10 laws of SaaS - Fall 2008.

Cracking the Code

Be prepared to cross the desert - SaaS requires R&D and sales expense up front for a multi-year stream of revenue, so it demands enough investment capital to fund 4+ years of runway. Farming is also often overlooked, but can help grow customer accounts and revenues from 30% upwards (if successful). Great list! Philippe Botteri.

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Why cash is king

BeyondVC

Ultimately what will give you the best chance for success is focusing on the things that you can control – building a real business with a real economic model that can generate cash from internal operations vs. through external financing. As he discusses in his blog post: Why I decided to pull our IPO filing.