Best Practices in Scaling Companies

For ALL companies, large, mid-size, and small, financial management plays a pivotal role in determining success. While many small companies start with basic bookkeeping to manage their finances, there comes a point where professional finance and accounting expertise above the simple bookkeeping level become indispensable. This is where the roles of CFOs (Chief Financial Officers) […]

Source: Alison Coleman, Forbes It’s a question that most entrepreneurs will have asked: should you keep your profits or reinvest them in growth? Ploughing every cent back into production has traditionally been a golden rule of survival for fledgling startups. Yet there will be times when it is better for the business to focus on one rather than

Source: Kalen Smith, SSM Partners We speak a lot at SSM about “providing value” to our management teams. I’ve written in the past about where that typically is – at a strategic level: largely on people, process and exit. But we also think that tactically, it’s our duty to add value in the board room,

Source: Accelerance, Inc. CFOs care about VALUE. Price is not “the only thing” in making a purchase decision, but price is never irrelevant. Software development outsourcing is a proven way to reduce costs. But beware of treating outsourcing as a pure commodity (where all outsourcing options are equivalent). Low cost rates for outsourced software development

Source: Axial Networks There are many ways to grow a business. When it comes to mergers and acquisitions (commonly referred to as “inorganic growth”), there are two fundamental types of transactions a business owner might pursue. The types of acquisition targets and the integration strategy is what defines such a transaction as either a vertical

Source: Billy Fink , Axial Forum Growth is a driving factor for all companies — whether they are one year old or a hundred years old. There are two key ways to achieve growth: organically or inorganically. While both strategies seek growth, they vary based on available resources and speed of expansion. Deciding between organic growth

Source: Jeffrey Kadlic, Evolution Capital Partners One of the most important elements of growing your business is having the right people involved and engaged. The right people bring innovative ideas, create opportunities and help the company move forward faster toward its stated objectives. In fact having the right people involved is arguably more important than having

Source: Richard Browne, Professor of Practice, UNCG Bryan School; CMO, ChiefOutsiders Many of us focus staff meetings on the burning operational issues of the day, or on reviewing operational dashboards with little discussions of the 3rd, 4th or 5th “why” for what’s behind average or lackluster performance. Jeff Bezos, when asked during his first meeting

Source: Brendan Anderson, Founder & Managing Director, Evolution Capital; Member, Axial Markets   Growing a business into a market leader is a long process requiring patience, planning, and determination. While there are a number of ways to get there, Brendan Anderson, Founder & Managing Director of Evolution Capital, believes each one is supported by five key principles of business growth: great

Source; Mark Mirkin, Rimon Law The public securities markets and the underwriters that lead biotech companies into them dictate a common capital structure suitable for IPOs, which structure almost always deviates starkly from the capital structure of the venture at inception and during its growth phase. Startups frequently commence corporate life structured as limited liability