With the growth of a Startup, controlling its finances and driving it forward becomes a more complicated equation. The management of your books, the identification of growth opportunities, and protecting your bottom line can make even your general bookkeeping feel like solving pi. Your organization will eventually need to hire an individual who specializes in financial planning and analysis...
The job duties of the Chief Executive Officer or CEO differ from organization to organization depending on the company’s mission, product goals, and operational needs. The duties of a CEO also vary depending on the size of the organization, the number of employees, and other factors. When we think in terms of the job description, we need to first understand a few basics including Chief Executive...
Many small business owners tend to think of themselves as CEO but sometimes help is needed. As a founder, there comes a time in your company’s growth trajectory when you need to hire someone from the outside to take charge and take the company forward. Knowing when to step away from a company can be an incredibly difficult decision to make but it is better for founders to make this decision on...
The responsibilities of a CEO, whether in a small business or a larger firm, are manifold and a CEO is required to wear a number of varied hats at various times depending on company requirement at that particular time. Among the top skills for a CEO, is the fact that they must be capable of managing a workplace where employees enjoy work, are passionate about the company, and exhibit an interest...
Having a great concept and a strong drive to succeed is no longer enough to operate a successful startup in today’s market. If you’re an entrepreneur looking to grow and develop your business, you should think about funding options as well. According to surveys, one of the most prevalent causes for small business failure is a lack of capital. Here are a few reasons why start-ups...
To every startup entrepreneur, seeing their concepts or ideas morph into tangible, hot selling, money-spinning models is the stuff of dreams. The journey from a scribble or that remarkable eureka moment, to a full-blown commercial enterprise, however, is strewn with speed breakers. The biggest stumbling block perhaps is access to precious capital held by the pool of investors out there. To get...
Every startup needs to have a solid business plan in order for it to survive the initial stages and grow into a successful business. Unfortunately writing a business plan that is credible and works is not as easy as just putting pen to paper and writing out of the top of one’s head. A business plan includes numerous aspects but one of the most important segments of it is the financial plan for a...
The Startup Boom is here to stay and it is drawing eager Angel Investors and Venture Capitalists, like bees drawn to nectar. The figures speak for themselves. A clutch of 44 Indian startups was crowned with the coveted unicorn status by the year-end of 2021. Across the globe too, 90+ startup ecosystems created a billion-dollar set-up. But this is just the brighter side of this growth story. Very...
Since the onset of the pandemic the world as we know it has changed drastically with the Great Resignation manifesting its presence and employees quitting their jobs to go in search of ‘better’ ones that allow them the flexibility, safety and security they need. Employees today say it is not only about the money. These mid-level and junior employees are looking at the bigger picture and hoping to...
From Airbnb to Facebook and the leading e-commerce giant Amazon, the fairytale stories of billion-dollar startups seem to be inspiring young entrepreneurs. Two variables played a significant part in each of these stories: the company’s staggering valuation and the funding they acquired to get there. When entrepreneurs think about funding, usually their first thought is what are the...