Proactive Accountants Network
It’s a new financial year and that means new cash injection opportunities for start-ups.
We all know that in order to establish a successful business you need to focus on delivering a solution to your target market.
There’s a wealth of information available to start-ups to help you identify the steps, strategies and tools you should use to establish your business and grow it in the initial years.
The ultimate financial objective of your business should be to maximise profits.
My last article titled Four ways to get a cashed up start-up outlined the different sources of funds available to start-ups.
Cash is the life blood of every business. You need it to pay your expenses, invest in growth, fund development and keep things going while you wait for the cash you’re owed to flow back into the business.
Call it curiosity or just plain competiveness, most business owners want to know how their business compares to others in the industry, but don’t know how to go about it.
Once your start-up has been established, business is humming and the primary offering you launched with has become a success, the challenge is to find the next big thing.
The siren has sounded on the first quarter of financial year 2011/12 and it’s time to pick up the game leading up to the half time break.
Today’s business environment is very competitive. It’s now a lot easier and cheaper to start-up a business, particularly with technology enabling business to be conducted online and internationally to win customers in foreign markets.
The first year or two for a start-up can be incredibly rewarding as you establish and build the business. It can also be busy, frustrating and lonely for a business owner.
If there’s one target every small business should have in their sights, it’s business value. Too often I come across business owners that focus on profits or revenue.
For many start-ups, a lack of leadership talent is often cited as an impediment to the growth of the business.
Many start-up businesses have a single-minded focus to get up and go.
Businesses looking to upscale should consider forming a business alliance as an alternative growth strategy.