Xcelerate Financial Blog

How to Create an Annual Budget for Your Startup

Posted by Evan Tarver on Nov 28, 2017 3:33:07 PM

Rarely anything goes according to plan. That's a given, especially in the startup world. But that doesn't mean your business shouldn't plan at all. No, in fact, it means that you should create a plan now more than ever.

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How to Plan for Headcount During Growth Periods

Posted by Evan Tarver on Nov 28, 2017 1:47:34 PM

Startups are companies that typically have periods of high growth...well, if you're lucky. Many startup companies never get off the ground, but for those that do, there is usually a hockey stick of revenue or user growth at some point. Now, this might be the case if you're going from $0.00 in revenue to $100 or from $10,000 to $1 million.

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Topics: fundraising, venture capital, Human Resources, entrepreneurs, startups

How to Read Your P&L and Make Better Business Decisions

Posted by Evan Tarver on Nov 13, 2017 12:49:22 PM

The financial pulse of a business is its lifeblood, literally. Without a steady flow of cash companies are liable to go under, and fast. Now, as a startup, cash infusions can come from many places: friends and family, accredited investors, venture capitalists, and more. But the best way (if you can manage it) is to have your business fund itself.

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Topics: Startup Liquidity, fundraising, customer retention, revenue, entrepreneurs

Startup Companies Need the Right Benefits for Their Employees

Posted by Evan Tarver on Oct 31, 2017 3:37:07 PM

Employees expect to receive benefits from their employer. These benefits include things like health and dental insurance, retirement planning, commuter benefits, and more. For larger businesses, this isn't a hard thing to provide. For startup companies, however, being able to offer employee benefits is more of a challenge. This is because early-stage companies either don't have the headcount or the resources to bother.

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How to Successfully Pitch Venture Capitalists: A Step-by-Step Guide

Posted by Evan Tarver on Oct 24, 2017 10:52:16 AM

Business of all shapes and sizes can benefit from outside funding. For startups and early-stage entrepreneurs, however, getting startup financing can often make or break their businesses. For this reason, most startups go through three distinct fundraising rounds: friends and family, angel, and then venture capital.

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Topics: financing, financial runway, venture capital, entrepreneurs

Business Write Offs: Business Tax Deductions for Startup Founders

Posted by Evan Tarver on Oct 9, 2017 2:10:19 PM

Business owners are always trying to save money. Often times, the first impulse is to slash expenses and work on a shoestring budget. The result, companies hope, is more profitability and a longer runway for success. However, when business owners and startup founders choose to work with limited resources, they limit their company resources.

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Client Spotlight: Aric Ohana of Envoy Technologies

Posted by Evan Tarver on Oct 3, 2017 2:42:05 PM

You might roll your eyes if we told you that Envoy Technologies, one of our clients, was just another ride-sharing or car-on-demand-type of service. But luckily for you (and your eyes), it's not. While current companies in the sharing ride economy focus on either peer-to-peer rides or publicly-rentable cars when you need 'em, Envoy is taking a new approach. 

Rather than following in the footsteps of known companies like Zipcar, Lyft, or Uber, Envoy and co-founders Aric Ohaha and Ori Sagie are blending a unique intersection of skills, abilities, and consumer needs to offer rentable cars on demand as an ammenity service in new developments and similar private buildings.

And perhaps the best part? Their fleet is 100% electric, creating a sustainable service that helps the environment as much as it helps its users. But first, more on Aric and how he came to co-found Envoy Technologies together with Ori.

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Launching into Q4: How to Maximize Your Seasonal Revenue

Posted by Evan Tarver on Sep 28, 2017 3:12:04 PM

 There are many industries that have notoriously seasonal sales. The retail sector, for example, earns most of its revenues during the 4th quarter. Wine and spirits makes as much as 60% of its sales during what the industry calls O-N-D, or October, November, and December. However, while these sectors are traditionally seasonal, current consumer trends are causing small businesses and startups in almost any industry to have seasonal sales that skew towards the 4th quarter.

As a result, many previously un-seasonal businesses now deal with seasonal sales. It's common to see many startup companies earn most of their revenue during the 4th quarter. It's therefore extremely important to set your company up this 4th quarter for success. If you do, you can maximize your seasonal revenue and extend your cash runway. If you don't, you might miss out on the best annual opportunity to grow.

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Topics: revenue, sales, seasonality

How to Choose the Right Corporate Structure for Your Startup Business

Posted by Evan Tarver on Sep 25, 2017 4:18:48 PM

The right corporate structure can make or break your startup before it even gets off the ground. Choosing the best legal and tax structure for your business can decrease your personal and corporate liability while increasing your after-tax profitability. The best structure for you is one that has the best legal coverage and tax burden for your specific needs.

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Sales Growth: 5 Proven Strategies to Increase Startup Revenue

Posted by Evan Tarver on Sep 11, 2017 5:17:03 PM

Sales growth is a business metric that measures the rate at which your revenue is increasing or decreasing. While some dismiss revenue is a "vanity metric," sales growth remains a good indicator of a company's financial health. This is because sales growth is an important component of projections, budgeting, strategic decision-making, and overall viability.

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Topics: revenue, sales

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Our mission is to help startups and mature companies thrive through insight and actionable steps, which in turn Xcelerate a business's performance.

Xcelerate Financial offers companies a full spectrum of accounting and financial outsourcing services which help increase productivity and profitability.

We currently serve clients from many industries, including internet start-ups, established traditional companies, and software/technology companies. 

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