Whatever your challenges, it’s harder now than ever to grow.
- Economic headwinds
- Valuations decreasing or normalizing
- Venture capital firms increasing due diligence and expectations
- Inflation and rising interest rates
- Acquisitions, forced sales, and bankruptcies
- Reduction in force
- Labor costs increasing and shortage of qualified candidates
Avoid common (and impactful) finance and accounting mistakes.
Six common mistakes that hinder growth and success.
- Not effectively tracking and managing cash flow — not using a cash flow management/ forecasting tool
- Over-investing in customer acquisition — incorrect KPIs and definitions; wrong sales assumptions
- Ignoring the importance of high-quality financial reporting and analysis — doing it yourself; bookkeeper only
- Pricing strategy — not leveraging thorough market research; pricing experimentation
- Neglecting to plan for contingencies — no reserve established for unplanned impacts
- Immature chart of accounts structure — not grouped by expense category or department, and lacking clear and concise names
