Financial Inclusion: What does that mean?
The conversation around diversity and inclusion is growing in importance across the globe, affecting many different sectors. With organisations looking to become more inclusive, and more stakeholders asking about inclusion practices, one of the most critical factors for them to consider is ensuring financial inclusion. Kofi Oppong, the founder of Urban MBA — a founding […]
Startups at Risk: How to Lower Burn Rate
Burn rates: what are they? The burn rate is a measuring tool new companies use to track their negative cash flow. Simply put, it’s the rate at which the startup is spending its venture capital to cover running costs before generating positive income. To calculate your burn rate, subtract your ending balance from your starting […]
Expert Financial Tips for all Startups
Written by Adan Ashkir, Financial Advisor for startups and Senior Tax Manager at Ten Raede Groep Being financially savvy is one of the most important aspects of running a startup. And usually, this seems to be far down the priority list. There are usually two routes that startups take. They either onboard someone within the […]
What To Look For In A Bank Account As A Startup
As the number of different banking options is increasing, businesses are faced with the challenge of selecting the most suitable option. The growing market also has developed a one-size-fits-all approach for companies. However, this approach has proven to be a disadvantage for startups as many large banks and other financial institutions have developed standards and […]
Financial Management Tips for Your Startup
To develop a successful startup a lot of things need to be considered. A great idea will only take you so far before you run into other issues. One of the biggest challenges that new startups and entrepreneurs face is financial planning and management. A proper understanding and handling of business finances is key in […]