That’s necessary not only to run your business, but also if you need outside financing. According to the Sage’s 2015 State of Startup, 36% of “nurturers” (e.g., venture capitalists, angel investors, accountants, and attorneys) have a somewhat to extremely low trust of financial statements they receive from startups. What this means is keep good books and records so you can generate meaningful financials. For example, Sage One is an online accounting solution that’s simple and free.
Did you miss this month’s Big Ideas for Small Business®? No worries, you’ll find June’s edition right here on my website. Want help staying up-to-date on important issues? Be sure to sign up right here today.
