If you’ve been reading our blog for a while, you’ll have noticed that most of our posts are comparatively optimistic. We talk a lot about how important it is to understand your company’s finances to build a successful startup. But let’s be honest, not all startups are successful. The failure rate of UK startups lies […]
What To Do When A Startup Fails Read More »
All of us have heard the saying ‘There are no stupid questions.’ There are different stories about the origin of the phrase. One of the most credible explanations is that it was developed in the context of education to remind teachers that students had a right to ask questions about things they hadn’t understood. In
Banking and finance have dominated headlines in the last month. From the collapse of Silicon Valley Bank (SVB) to the crisis at Credit Suisse, and impending crises at other big-name banks, banking news has filled the front pages. If you’re following banking news, you’d be forgiven for needing some time to catch your breath. But
Founding a tech startup is unlike anything else you will ever do in your life. No matter how much planning you do before setting off on the tech startup journey, you’re likely to encounter unpredictable waves and rough waters, but sometimes life will also be plain sailing. Why all the nautical metaphors, you ask? Let
When First Responders train to deal with all kinds of casualties, they obviously learn all manner of skills. One stands out among the others, and it’s a philosophy more than a skill: think before you act. Applying that to your tech startup – or really any business – can help prevent mistakes and save time
Think Before You Act – And What That Means for Tech Startups Read More »
When tech startups make headlines, it’s normally for celebratory reasons. We mark expansions, record-breaking funding rounds, and high-profile hires. However, over the past few weeks, tech startups have made headlines for negative reasons. As much as we might like to say “that could never happen to me”, it’s more productive to take a closer look
When Startups Made Headlines Read More »
Two-plus years of the pandemic. Trading through the challenges of Brexit. A global energy crisis triggered by the war in Ukraine. And now the departure from office of the second British Prime Minister in as many months, having just triggered an unprecedented fall of pound sterling. How can tech startups navigate this degree of uncertainty? Getting a
Navigating Uncertainty as a Startup Read More »
If you are reading this blog, chances are you know that Numbersmiths offer virtual or consulting CFO services. But do you know what that entails and what a virtual CFO actually does? Something with numbers, of course, I hear you say. And that perception is correct. But there are a few different roles when it
What Does a Virtual CFO Do? Read More »
Understanding your startup’s finances does not need to be hard – that’s been the tenor of our past few blog posts. This one continues in the same ilk. We’re shedding some light on two basic tech startup finance functions, bookkeeping, and accounting. Aren’t Bookkeeping and Accounting the Same? The short answer is no. They are
Bookkeeping vs Accounting: What’s the Difference? Read More »
If you’ve been following our posts for a while, you already know that we believe in demystifying finance for startups and early-stage companies. We love numbers but you may not. The thing is that staying on top of your company’s numbers does not need to be difficult. Working capital for tech startups is no exception.
What is Working Capital and Why Does it Matter to Tech Startups? Read More »
