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Strategies to Improve Cash Flow Management for Startups

The Startup Magazine

For startups, cash flow isnt just a financial metricits the lifeline of the business. Image source Startups often face unpredictable revenue streams and mounting operational costs, making cash flow management particularly challenging. Yet, most small businesses fail due to poor cash flow management.

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People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. I see two common mistakes in companies (not just in startups, in fact). I spent a ton of time with the CEO and VP Finance understanding the businesses, its customers and its operational challenges. Don’t skip.

CTO Hire 308
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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. But it’s not only major corporations that grab his attention.

Finance 217
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How to Find the Right Virtual CFO for Your Growing Business

The Startup Magazine

Complex budget, cash flow concerns, forecasting, and strategic planning usually call for a virtual Chief Financial Officer (VCFO) to help drive growth. Endnote Finding a VCFO can make all the difference in managing your growing business finances. As your business grows, so do the financial complexities.

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How to Build a Robust Treasury Framework for Your Startup

The Startup Magazine

For those new to the world of startup treasury management, it’s crucial to grasp the essence of a treasury framework. At its core, this framework is an organized approach to manage a startup’s finances while effectively mitigating risks. Why does this matter for your startup? So, how does one form such a bond?

Framework 158
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Understanding How Collaboration between HR and Finance Can Improve Business

The Startup Magazine

One key area where collaboration can make a big difference is between HR and Finance. Image source In this blog, we will explore how an HR-Finance collaboration can drive success for your organization and discuss some practical strategies for building effective partnerships between these critical departments.

Finance 158
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Scaling Sales: Arming & Aiming – A’s, B’s & C’s

Both Sides of the Table

In the first part of this post I talked about how sales in a startup is often evangelical , requires as consultative sale and needs constant adjustments based on customer feedback. I know all of this, like most everything I learned about startups, from making mistakes at my first company.

Sales 286