If you’re in the process of launching a startup, there’s a strong chance you won’t immediately hire a full, in-house team. Your key priority is to develop your business idea, reach your markets, spread the word about the services you are offering and network while trying to scale your business. When considering all of these activities, it’s likely that you’ll be extremely busy (launching a startup is by no means a 9-5 office schedule. You’ve been warned!) and that factor makes it easy to lose sight of important financial planning and reporting.
The importance of managing your finances well and ensuring that your reports are completely accurate from Day 1 simply cannot be understated. The Startup CFO manage all of your startup’s financial needs
This is where an experienced external CFO plays a vital role in getting your startup off the ground by managing all the necessary elements of sound financial planning and bookkeeping so that you can focus on your project.
All the expertise of an experienced CFO
When you choose to work with experts like The Startup CFO, you benefit greatly from the security of having a team of dynamic professionals on-hand to walk you through the early stages of your business and guide you through the often-complex world of figures, projections, planning and bookkeeping, all of which become absolutely essential when working with investors but that are in reality, fundamental from Day 1.
At The Startup CFO, we work alongside our clients to provide an integrated, comprehensive, external CFO experience which works in the same way as if our client had hired an in-house CFO, but with a more optimised and intelligently planned approach.
When launching your startup and seeking to raise funds, the security and support a service like this provides is absolutely priceless.
We all know that networking is essential in the world of startups, and even more so when focused on tech-based or SaaS environments. Many entrepreneurs forget that another key advantage of hiring an external CFO is the expertise brought by their understanding of the startup ecosystem and diverse network of investors and entrepreneurs. At The Startup CFO, we work with more than 50 clients and have vast experience in scaling highly successful startups, making us the perfect financial spokesperson for your company.
Laying the foundations and scaling your business
We offer three key services comprised of integrated external CFO services, bookkeeping and funding advisory. When we start working with a new client, we devise a detailed business plan by building up sound financial projections based on metrics, P&L and cash flow which we then use as a reference business plan throughout the year to update the forecast and monitor the progress of your startup against the initial projections.
In terms of bookkeeping and internal administration, we draw on expertise in managing the day-to-day realities of your startup which are often neglected and misunderstood by traditional administrative firms or consultancies. We use of best practices and knowledge of the exact information that investors expect to be able to review at any given time. Las mejores prácticas y el conocimiento de la información exacta que los inversores esperan poder revisar en un momento dado.
We offer consultancy services for public, private and bank funding. This area of our business aims to provide expert help on how to approach investors, how to execute the all-important pitch successfully, and where to meet the best investors for your project in order to have more chances of accessing funding.
Constant communication when you most need it
Clients have access to full, year-round support and communication which keeps a finger on the pulse of the financial health and current metrics of the startup. The Startup CFO uses the business plans and carefully devised reports to analyse this progress and make expert recommendations and decisions alongside our clients, guiding and monitoring their progress every step of the way. This allows insight into what the business is doing well and what areas of opportunity require action from both the client’s perspective in day-to-day business issues or in terms of financial planning and management.
We also help entrepreneurs decide when to seek funding and how to optimise their chances of success with the best business plans, forecasts and reports, understanding exactly how to structure these documents in order to give the best possible pitch when it comes to those crucial meetings with investors.
The Startup CFO: drawing on our experience to boost every part of your business
The Startup CFO works with more than 50 clients as external CFO and has developed a close relationship with all of them. We value a close partnership with our clients, and this allows us to understand what makes their businesses tick, creating an environment which is ripe for networking and growth.