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5 Tips To Improve Financial Management For Startups

5 Tips To Improve Financial Management For Startups – You’ve found your billion-dollar idea and started a new business. You’ve gathered your founding team, and you’ve even landed your first few customers. But how should you manage your income and expenses to stay legally compliant, secure venture capital funding, and set up your business to scale?  ‍ Most founders and business owners don’t have a finance or accounting background, and it often doesn’t make sense to hire a full-time finance manager for a new startup. As a result, financial management for startups can seem like a complex and daunting responsibility.…

7 Financial Planning Tips for Startups

7 Financial Planning Tips for Startups – If you fail to plan, you plan to fail. That old adage really rings true when it comes to financial planning for startups. One of the biggest mistakes you can make as a founder is trying to “wing it” with your finances. Taking the time to create a financial plan will: Make you think more strategically about growth Help you prepare for all the ups and downs of running a startup Make it easier to fundraise Give you more confidence about the day-to-day decisions you make Trust us, the value you’ll get from…

Monthly Accounting Checklist: Your Go-To Guide

Monthly Accounting Checklist – If you’re like many startup founders, the bookkeeping chores that accompany building a successful business take time and energy away from the more important tasks that require your attention. One of the most common stumbling blocks for startups and small businesses—specifically when it comes to bookkeeping and accounting—is properly closing the books at the end of the month. This is especially true for companies that don’t have established accounting systems or month end close procedures in place. So, what can you do to make your startup’s month end close less of a hassle? The answer to…

15 Creative Ways To Acquire New Clients

15 Creative Ways To Acquire New Clients - Acquiring new clients is the bane of many professionals. While sometimes it may be as simple as finding someone looking for a specific product or service to fill a niche, other times it can be more complex. The standard method of getting new clients starts from marketing to the right people down to closing the deal. For many professionals, this may be a chore, especially when their efforts don’t yield the desired results.

10 Ways to Get New Customers

1. Ask for referrals. Referrals are one of the best ways to get new customers—but if you sit back and wait for your current customers to refer their friends and family members to you, you could be waiting a long time. Take charge by implementing a system for actively soliciting referrals from your satisfied customers. Build referral-generating activity into the sales process. For example, send a follow-up email asking for a referral after a customer has received their order from your e-commerce site. Have your B2B salespeople ask for referrals when they follow up with customers to answer questions after the sale.…

4 Ideas for Activating Your Donors Over Email

4 Ideas for Activating Your Donors Over Email – In today’s digital world, email is a fundamental tool for engaging your donors and your audience. Here are four tips to help you make the most of your email campaigns and communications! Tip #1: Experiment It’s always a great time to think about experimenting with your emails. When we think about experimentation, consider something like what in marketing is known as ‘A/B testing’: Let’s say you’re sending out our newsletter and you split your group of 1,000 people in half; 500 get one version of the newsletter and 500 get another.…

Mandatory Compliance Checklist For All Companies

Mandatory Compliance Checklist For All Companies – From 1 January 2020 all companies (large or small, trading or dormant, private, public, incorporated, etc.) must complete the CIPC’s new compliance checklist prior to filing its annual return. Annual Returns All companies are compelled to file its annual returns within 30 business days after the anniversary date of its incorporation. The annual return is an administrative fee for maintaining your company’s registration with CIPC. The fee is calculated based on the company’s annual turnover (it will range from R450 per year for small private companies, to R4 000 for larger private companies).…

How to Create Your NPO Social Media Presence

How to Create Your NPO Social Media Presence There’s no denying it. Social media is the fastest-growing phenomenon of the modern age. Since Facebook launched 15 years ago, in 2004, it has grown to over two billion users. Twitter and Instagram are close behind. According to the Pew Research Center’s report about social media use in 2019, Facebook remains one of the most widely used social media sites among adults and 69% of Americans are on social media. Social media helps nonprofits: Build trust within your community Deepen your relationship with your audience Promote you events Expand your outreach and network Drive people…

Business Plan Template for Small Businesses

Business Plan Template for Small Businesses. A business plan template is a document that allows you to quickly write a business plan. Among other things, it includes an introduction, executive summary, company description, and marketing plan. A simple business plan will help grow your business. Create your business plan today using the following template. Growthink’s business plan template is the result of 20+ years of research into the business plans that help entrepreneurs and small businesses attract investors, raise investment capital, and build successful companies.
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