Who’s Running Who?

Running a business involves a lot of stress, and finances are a big source of that stress. You’re never sure if you have enough cash or if you’re spending it wisely. It is important to understand that stress is a part of life. Stress can be a double-edged sword. It can destroy you or help you succeed. Owning and running a business is not easy. So many moving parts—personnel, product delivery, logistics, etc. The financial and cash flow is probably the most difficult. Management of the company’s finances is a crucial area in business. Consider your financial health as the heart of your business. A financial specialist hired to manage your business is highly recommended.

These are some of what a financial specialist works on:

Maintains the Company financial data
Conduct cost and benchmarking analyses
Prepare budgets
Develop monetary modes, bringing legitimate limits into consideration
Participate in ongoing budget reviews and suggest remedial action as needed.
Design and scrutinized financial policies
Identify ventures opportunities
Advise senior supervisory groups on financial preparation (for example acquisitions, consolidations, and capital)
Create projected models dependent on current and past monetary results.

A startup can feel like you have to do everything yourself. Without the resources to hire a financial manager, startups often have to try to build their own financial models, track their own numbers and keep really close tabs on the overall status of their business.

FairFigure is a financial planning tool for software companies. It enables business owners to get specific and accurate financial projections with little effort from their end