Finance 101 for Startup Founders
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Descrizione
Our guest, Olga Bashkatova, left the stable world of corporate accounting and boarded the startup roller coaster ride by working at startup companies - 5 of them in 7 years....
mostra di piùAs the last startup she worked at filed for bankruptcy, Olga decided to launch her own business - NextStage Advisory - where she provides affordable outsourced CFO services to startups.
Olga’s typical clients are VC-backed Seed or Series A startups looking to clean up historical financials, establish a stable, monthly financial process, produce GAAP financial statements and reports, pass an audit, implement financial software, manage an outsourced payroll and benefits company… and hire/train an internal accounting team. In addition, she makes sure her clients maximize their valuations by focusing on revenue growth while cutting expenses, automating manual processes, and developing more mature operations.
Do I hear a "oh hell yeah" and a "yes please, right away please?!"
Olga dives into the must haves and the "nope, you don't need that right now" details every startup founder needs to know, including:
* setting up proper books for YOUR business model
* cleaning up financials so investors feel confident in your ability to run a business
* cash flow projections vs. Income Statements and Balance Sheets
* matching expenses with revenue
* managing 90 days invoices with 30-day payables
* why cleaning up your financials will give your business a better valuation with investors
Please visit NextStage Advisory https://www.nextstagellc.us/services to learn how Olga and her team can help take your business to the next level.
Please connect with Olga on:
LinkedIn: https://www.linkedin.com/in/olga-bashkatova-cpa/
Instagram: https://www.instagram.com/nextstagellc/
Facebook: https://business.facebook.com/NextStageAdvisoryLLC/
If you’d like to receive an alert whenever I post a new episode, please follow the Startup Life Show wherever you listen to podcasts, including: Stitcher, Spotify or Apple/Google Podcasts… and let’s connect on social media! You’ll always find me hanging out at my favorite social media bar – Twitter! https://twitter.com/AndeLyons
Do you have a startup story you’d like to share on the Startup Life Show podcast? Please reach out to me via email – ande@andelyons.com.
You'll find tons of curated DIY startup advice on my YouTube Channel Andelicious Advice: https://www.youtube.com/user/AndeliciousAdvice and please subscribe to my bi-monthly newsletter, Let’s Stick Together -> http://bit.ly/AndeliciousNewsletter
Do you need a pitch deck reviewed? I've raised millions from VC and thousands from Angels... and I'm a co-host of a monthly pitch event in Boston. I can make sure your deck is ready for investors and a pitch event. Click this link to learn more: http://bit.ly/PitchDeckAudit
Do you need an “Urgent Care for Startup Founders” coaching session? You can schedule me by the minute here: https://provider.magnifi.io/andelyons
Listeners - thank you so much for tuning in - I am genuinely grateful for your time and presence. Stay strong, stay focused – and please remember – you’ve got this – Cheers!
Ande ♥
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