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Pop quiz! Do you know these accounting terms? If you’re an entrepreneur you probably should. It happens more often than you might think. High-growth business owners that think they are “in the know” when it comes to finance and accounting jargon. But, in reality…
In the beginning of the evolution of a startup, it is likely that the founder is in a “lone wolf scenario.” He or she is grinding away to get the business off the ground. As a result, the owner is wearing a lot of hats: CEO, CTO, marketing, HR, accounting manager. You name it and the founder probably has his or her hands in it….
Let us start with a dose of reality. Very few, as in significantly less than 1%, of emerging U.S. businesses successfully secure Venture Capital (VC) funding. Think you could be in that 1%? Read our 3 steps to prepare for raising VC and angel funding.
How do you know your company is financially fit? We all talk it to death: profit, profit, profit. And for good reason—your profitability, and therefore your profit margin, is the single best measure of company health. However, it’s a mistake to think that’s all there is to it…
We offer cloud accounting services for high growth businesses in Chicago. Take a step back, look at your business and determine whether cloud accounting is right for you. How do you know it’s time to outsource your accounting and hire that virtual finance team? Learn the 4 things you can look for.