While any business can suffer during an economic downturn, startups often face unique challenges that can cause them to take a significant hit. These companies are usually not yet profitable and often rely on outside funding, making them especially susceptible to economic changes. However, there are things that startups can do to prepare for these…
As a startup, you may face numerous unforeseen business expenses or issues that can result in you having to use professional help. Fortunately, when you work with a certified public accountant (CPA), you will not have to take on these problems alone. Instead, these professionals can help your company find ways to continue to grow…
While nothing is more rewarding than owning a startup that ultimately leads to financial success, it is critical to understand that growing a startup is not without its share of issues. In fact, according to a report by Startup Genome, research shows that almost 11 out of 12 startups fail. While the Bureau of Labor…
Unfortunately, when it comes to startups, almost nine out of ten of them will fail. Not because the entrepreneur doesn’t have a good idea or a lack of passion. But rather, it’s usually because these companies run out of money. That is why startups must develop a solid budget plan from the start that can…