A startup is so much more than just a company in its early stages. It is a small operation that is aiming high; almost like innovation waiting for the opportune moment to go boom! If this bears resemblance to your business then you should learn some common startup funding terms to help you in the early funding stages. Startup funding terms Speaking of help, CoffeeMug.ai is the most suitable...
Startup founders often multitask since they have limited staff. Apart from crafting elevator pitches, they must also prepare presentations, business plans, and budget forecasts. Startups can benefit from templates such as startup finance planning templates, startup cost templates, startup budget templates, etc. These templates are free of cost and readily available for download. In this article...
“The most reliable way to forecast the future is to try to understand the present” – John Naisbitt Financial projections and forecasting provide you a glimpse into your startup’s future financial status. To overcome the hurdles and survive the competition, every business needs a startup financial projection. A business strategy is nothing more than a concept until you start filling in the...
We’ve all heard of the e-commerce giant Amazon.com. Jeff Bezos, the founder and CEO of Amazon for nearly three decades, recently handed over the CEO reins to Andy Jassy, a former protégé. Bezos highlighted that he intended to focus on the company’s long-term objectives, particularly his rocket business Blue Origin. This is a classic example of how, as the firm progresses and expands...
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...