Loans for a business startup are designed to provide the necessary funds to start a business. Because of the direct nature of helping a business get off the ground, the funds can be used for a number of business related functions such as inventory, supplies, equipment, and the building space itself.
Rapidly Growing Startups Need An Accountant
Although there's plenty of startups that fall apart, are bought out, or merge with an existing company, there are also those that succeed. And make no mistake, success and growth (especially during a pandemic) are good problems to have. However, you don't want grow rapidly and wind up spreading
Why Are Taxes So Complicated?
In a number of industries, language serves as the barrier of entry. If you study law, then codes, laws, and court cases become second-nature. If you join the military, your concept of the alphabet can change over the course of boot camp. And even if you just jump into a startup, there's undoubtedly
Let Your Accountant Be Your Business Consultant
If you want to grow your business, chances are you'll want a business consultant's opinion and advice. To a certain extent, every entrepreneur sets out to run their own business to be their own boss and do things their own way. However, it's useful to have a knowledgeable third-party objectively
The Current State of Washington’s Small Businesses
It's no secret that Seattle has seen booming growth over the last decade with many tech giants making Seattle their primary (or secondary) base of operations. Microsoft, Amazon and Google among many others. The tech industry alone accounts for 17% of Washington's economy which currently ranks 12th
A Product Without A Business Model Will Fail
Many startups fail to consider the importance of having a business model before launching a product to the market. This aspect is essential as it gives you the insight of what to expect once it's in the field. Without it, you run into a cloudy unknown, not knowing if you're just waiting for the
Timing is Everything when Launching a Small Business
This is one of the pitfalls of small businesses. If you've read Eric Ries, The Lean Startup, you know that releasing a product "early" can better serve your business (and product) in the long term. However, if you've been keeping up with the catalogue of reasons startups fail, then you know 13% of
When You Pivot Your Business, Ensure It’s Fast & Data Driven
In a recent report from CB Insights they aggregated data from myriad startups over the years to determine why they fail. Boiling it down to the top 20 reasons startups fail, 2 are the result of pivoting. Either failure to pivot or a pivot gone awry. A pivot entails altering the direction of your