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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| creator | Kuramoto, Kenji May, Matthew |
| description | 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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| fulltext | fulltext |
| identifier | ISSN: 1044-5714 |
| ispartof | Accounting Today, 2016-07, Vol.30 (7), p.42 |
| issn | 1044-5714 |
| language | eng |
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| source | Business Source Complete |
| subjects | Accounting Accounting systems Cash flow statements Customer relationship management High tech industries Product development Profitability Startups |
| title | Start their engines |
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