Start their engines
Most people think of startups as technology companies. Sure, that may characterize the majority of startups, but the real differentiator is that a startup is purposely built for fast growth. The ideal lifecycle of a startup often consists of an agile product development, a push for product traction...
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Veröffentlicht in: | Accounting Today 2016-07, Vol.30 (7), p.42 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | Most people think of startups as technology companies. Sure, that may characterize the majority of startups, but the real differentiator is that a startup is purposely built for fast growth. The ideal lifecycle of a startup often consists of an agile product development, a push for product traction in the marketplace, attraction of growth funding, and then rapid growth to attract an exit. Profitability is important, but a startup typically views cash as fuel for business growth, not as an end product for the owners. For startups, that means using cloud-based accounting systems like Xero, QuickBooks Online or Intacct. One of your primary goals as their accountant should be to build an accounting function that isn't a huge distraction. |
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ISSN: | 1044-5714 |