No matter how great your business idea is, one essential element of business success is your ability to obtain sufficient funding to start and grow the business. While many people finance their new companies with their own money or by borrowing from family or friends, there are other options available. Also, founders must understand that […]
The break-even point is the level of sales at which a business covers all its costs and expenses, resulting in zero profit or loss. Knowing the break-even point is essential for the growth of a startup as it provides valuable insights into the financial health and sustainability of the business. How break-event point Impacts your […]
Understanding the cost structure of your business is essential for achieving sustainable growth and long-term success. It empowers you with valuable insights into your company’s financial health, enabling informed decision-making, strategic pricing, and efficient resource allocation. By gaining a deep understanding of your fixed costs, variable costs, and semi-variable costs, you can optimize operations, enhance […]
Hey there, fellow startup founder! I know the world of business valuation can be confusing and overwhelming, especially if you’re not familiar with finance terms. But don’t worry, I’ve got you covered with some simple and effective tips to help you navigate through this process. Every founder needs to have a solid understanding of what […]
Raising money through equity or dilutive funding, as the name indicates, dilutes your share in the business. It means every time you raise money, you give away a portion of your ownership in exchange for the proceeds. So, the question is how much money to raise and how much should you give away. You don’t […]
Remember those days that “ You’re on mute” was one of the most repeated and commonly used words? I feel the same about “recession” but this one feels more overwhelmingly uncertain and concerning than the later. While some economists don’t see a global recession happening anytime soon, other top finance executives have predicted everything from a […]
Have you quite your job during the Great Resignation, started off your business and have been wondering if you can take a salary out of the business or not? Or have you been operating for an extended period of time but haven’t been able to pay yourself? Numbers should be your greatest friend when it […]
Do you constantly find yourself asking how much you should charge for your products or services? If you are an early stage startup and do not have a history of customer traction and feedback, pricing becomes a complicated question. It is important to do some research, do the groundwork and have a pragmatic approach towards […]
For all businesses, having a growth strategy is fundamental to a business’ survival. Otherwise, you will always be at the mercy of your current consumer base and market fluctuations.The market will always be searching for something new—and you, not your competitor, must be the one to give it to them. Understanding and enacting growth strategies […]