What do you do to relax? One of my favourite things to reach for to clear my mind is a Sudoku puzzle. Why am I telling you this? As we’re nearing the end of the year, this is a good time to take a step back and reflect on what has worked well for your […]
Seven Lessons of Killer Sudoku for Startup Business Planning Read More »
Pivoting has become a bit of a buzzword in the startup world. While the concept has been around as long as people have been doing business, it was only applied to the startup world only about 20 years ago. Then it took the coronavirus pandemic for the term to spread even further and become part
Need a New Start? How, When and Why Tech Startups Pivot Read More »
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
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 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 »
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 »
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 »
Timely or accurate financial information – which one is more important for a tech startup? Both, I hear you say. You are not wrong, and in an ideal world you have accurate financial information at your fingertips in a timely manner. However, in a growing company, like a tech startup, speed can be essential when
Timely or Accurate Financial Information: Which do you Need Most? Read More »
I should say, before I wander on to anything else, that I am not a robot. I’ve seen a lot of predictions over the past couple of years that accountants will be replaced by robots. From my point of view that feels like the forecasts of a paperless office were 20 years ago – everyone
Finance and automation Read More »
