In the dynamic and often unpredictable world of startups, maintaining a healthy cash flow is crucial. One key component of this is managing accounts receivable efficiently and effectively. The goal is to ensure that you, as a founder, can recover debts in a manner that preserves customer relationships while bolstering your company’s financial health. Understanding...
As Dr. Doom, a Chief Restructuring Officer, I’ve faced many challenges, but the case of this chair company was particularly intriguing. The founder, an eccentric and brilliant architect, had combined his passion for design with the unparalleled craftsmanship of Amish artisans. Yet, his pursuit of perfection was leading the company to financial peril. It was...
As a Chief Restructuring Officer, I’ve seen many startups face the harsh reality of extended sales cycles, especially in challenging market conditions. Understand this: the strategies that brought you here may not get you through the next cycle. In times of economic uncertainty, both large and small companies tend to deliberate longer before making purchasing...
As a CFO for startups, I’ve seen firsthand how crucial a thorough market analysis is for any company, especially during a turnaround. Understanding your competitive landscape can illuminate opportunities and threats crucial for your strategy. Conducting a market analysis provides clarity on where your startup stands in the competitive ecosystem. It helps identify market trends,...
As a Chief Restructuring Officer speaking directly to seed or Series A startup founders, let’s delve into a topic that should be at the forefront of your strategic planning: Product-Market Fit (PMF). In the startup world, PMF isn’t just a concept—it’s the indicator that your startup should scale and is the beginning of your next...
In April 2009, amidst the echoes of an explosive financial crisis that left shrapnel over every industry, I found myself giving a presentation alongside Silicon Valley Bank and Lightspeed Ventures, delving into the stark reality of the times: the exorbitant cost of capital. Fast forward to today, and we’re seeing a headline that Spotify reduced...
A search fund is an investment vehicle used to raise capital to support specific operators in search of a business to acquire. Search fund accounting involves the financing, recordkeeping, and due diligence that goes along with this process. More importantly, post-acquisition, newly minted entrepreneurs often rely on seasoned accounting executives to guide them through their...
When you hire a fractional CFO, you gain access to executive guidance without the salary and employee benefits associated with hiring in-house resources. With cloud-based bookkeeping and advanced technology, even small companies can afford fractional CFOs. A fractional Chief Financial Officer in the San Francisco area can guide your startup or established company through specific...
