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How Acquiring tempCFO Will Help inDinero Offer More Expertise so Startups Can Be Financially Ready for Anything

Posted by Indinero to Inside inDinero, Mergers & Acquisitions

True or False?: Every business needs a Chief Financial Officer (CFO).

Answer: True, every business needs CFO- or Controller-level insights but not necessarily full-time.


It’s clear why a later-stage operation would need a CFO—with growth comes complexity, but a brand new startup can also benefit greatly from some time with a CFO as they set up their business. Right off the bat, this can help them understand how their industry, business model, entity type, financing options, or team of founders might affect their finances at a long-term, holistic level. After that, they might not speak to a CFO for a few years or until a round of debt financing, for example.


With tempCFO joining the team, inDinero is making it possible for every business owner to work directly with a team of highly trained and experienced financial experts for less than what it might cost to hire a bookkeeper.

Do You Have an Exit Strategy? Start by Understanding 4 Popular Options

Posted by Melissa Hollis to Business Advice, Business, Mergers & Acquisitions

Feel like you’ve seen a lot of content around here recently about selling your business? You’re not imagining things. We’ve been writing a three-part series on mergers and acquisitions.


If you’re a regular inDinero blog reader, you’ve learned which signs indicate that you and your organization might be ready for a merger or acquisition (part 1), as well as the indispensable role of an accountant during the sale of your business (part 2). You may even feel ready to embark on the next phase.

 

But first, let’s zoom out for a moment and address a few pivotal questions about what’s ahead:

Selling Your Business? How Your Accountant Can Help

Posted by Melissa Hollis to Accounting, Business, Mergers & Acquisitions

Let’s say you’ve decided to sell your business. After determining that your company is fit to be offered for sale, your team is ready, and you’re mentally prepared for the months ahead, you have four primary objectives:

  1. Make as much profit as possible,
  2. as quickly as possible,
  3. while saving money and
  4. keeping the deal secure and problem-free.

On paper, it seems simple. Straightforward. In reality, mergers and acquisitions (M&A) are anything but. From pricing your business and finding a buyer to conducting due diligence and drafting contracts, the road ahead is laden with obstacles of serious financial weight. As a seller, you’ll probably never engage in a larger deal at any other point over the course of your life.

Doing it yourself is not an option: you need to have the right accounting partner by your side. Take a look at the major facets of an accountant’s role during M&A to understand exactly why.

Success starts when you take charge of your finances.

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