Driven Insights

📊 Driven Insights x Bigfoot Capital - Webinar 🤝 🔍 Will your business pass the Investor Budget Test? 📅 Join us Thursday, October 10th at 1pm Eastern. ✍️ Sign up here to reserve your place: https://lnkd.in/e3gT7jWB 👥 Driven Insights’ Managing Partners Ben & Dave Robinson and Bigfoot Capital’s Managing Partner Brian Parks will be discussing effective budgeting for portfolio companies. 📈 We’ll be covering what investors are looking for during financial due diligence, and the role your budget plays in navigating that process. 💼 We’ll also be discussing different types of budget, as well as the concept of a ‘minimum viable budget’ and how to build one. 💡 If you’re fundraising in 2025, or looking to make your existing funds work a little harder for you, you won’t want to miss this deep dive into your most powerful financial management tool - your budget. ✍️ Sign up here to reserve your place: https://lnkd.in/e3gT7jWB #DrivenInsights #cfo #finance #accounting #controller #chieffinancialofficer #ceo #growthstrategy #financeleaders #business #saas #recurringrevenue #exit #capitalization #funding #scaleup #cfo #controller #fractionalcfo #fractionalcontroller #fractionalf&a #virtualcfo #virtualcontroller #virtualf&a #fractionalaccounting #virtualaccounting #accouting #saasfinance #bookkeeping #fractionalbookkeeping #virtualbookkeeping #saasbookkeeping #saascfo #techenabledCFO #recurringrevenuecfo #driveninsightscfo #driveninsightscontroller #driveninsightsaccounting

📊 Driven Insights x Bigfoot Capital - Webinar 🤝 🔍 Will your business pass the Investor Budget Test? 📅 Join us Thursday, October 10th at 1pm Eastern. ✍️ Sign up here to reserve your place: https://lnkd.in/e3gT7jWB 👥 Driven Insights’ Managing Partners Ben & Dave Robinson and Bigfoot Capital’s Managing Partner Brian Parks will be discussing effective budgeting for portfolio companies. 📈 We’ll be covering what investors are looking for during financial due diligence, and the role your budget plays in navigating that process. 💼 We’ll also be discussing different types of budget, as well as the concept of a ‘minimum viable budget’ and how to build one. 💡 If you’re fundraising in 2025, or looking to make your existing funds work a little harder for you, you won’t want to miss this deep dive into your most powerful financial management tool - your budget. ✍️ Sign up here to reserve your place: https://lnkd.in/e3gT7jWB #DrivenInsights #cfo #finance #accounting #controller #chieffinancialofficer #ceo #growthstrategy #financeleaders #business #saas #recurringrevenue #exit #capitalization #funding #scaleup #cfo #controller #fractionalcfo #fractionalcontroller #fractionalf&a #virtualcfo #virtualcontroller #virtualf&a #fractionalaccounting #virtualaccounting #accouting #saasfinance #bookkeeping #fractionalbookkeeping #virtualbookkeeping #saasbookkeeping #saascfo #techenabledCFO #recurringrevenuecfo #driveninsightscfo #driveninsightscontroller #driveninsightsaccounting

What SaaS KPI tools can you layer on Quickbooks? This question is one we get asked a lot. We have a couple of staple recommendations we tend to make. To hear what they are, check out the video snippet below. As a bonus, Driven Insights’ Managing Partner Ben discusses the ARR waterfall and its importance as a foundational KPI that you should be visualizing regardless of what tool you choose. https://hubs.li/Q02G1lNj0

Why should you prioritize your budget? Anyone who has occupied the lead financial role in a company will be sympathetic to the pains of building a budget. It can be a challenging, and frankly tedious exercise. However, the long-term advantages outweigh the short-term pain. Listen below as we cover the reasons why you might want to prioritize your budget. https://hubs.li/Q02G136t0

Building your Minimum Viable Budget There are many different approaches to budgeting. In the video below, we look at the Minimum Viable Budget a business needs, and how to bridge the gap between a P&L budget and a 3-statement budget. https://hubs.li/Q02G109g0

What do investors look for in a strategic budget? KPIs and monthly updates are two things that bridge the divide between the Minimum Viable Budget and a full blown strategic budget. Listen to Brian of Bigfoot Capital and Ben Robinson discuss the various features of a budget, and how important they are relatively - both for a company and for investors - in the video clip below. https://hubs.li/Q02FzfvZ0

Does your business need to be profitable to get funded in 2024? Can you be burning cash, or do you need to be breaking even? In the right set of circumstances, it’s still ok to be burning cash. However, that has to come from a place where the underlying business is healthy. To learn more about how investors think about burning cash in the current environment, check out the video with Brian Parks of Bigfoot Capital below. https://hubs.li/Q02Fzt2R0

Should you use your budget to calculate your cash runway? In growth businesses, there’s no doubt that a budget and maintaining forecasts is the best way to project cash. However, there are a couple of other tools you might want to consider when it comes to thinking about cash burn. To learn what those are, check out the video below. https://hubs.li/Q02G172j0

In Pursuit of Liquidity - Debt v Equity Join us Thursday 11th July @ 1pm Eastern Time Sign up here to reserve your place: https://hubs.ly/Q02DyfXr0 Driven Insights’ Managing Partners Ben & Dave Robinson and Bigfoot Capital’s Managing Partner Brian Parks will be discussing the different capital sources available to founders. We’ll be covering the assessment process founders should go through to identify the appropriate funding type for their circumstances. We’ll also discuss how the different types of funders assess applicants, how to pass due diligence smoothly for each. If you’ll be fundraising in the next 12-18 months, then you won’t want to miss this comprehensive discussion of debt, equity and their implications. Make sure you reserve your seat using this link: https://hubs.ly/Q02DyfXr0

Talking about churn Churn is one of those subjects that none of us like to talk about. We’d rather pretend it doesn’t happen. Acquiring customers is hard. For early and mid-staged companies, it’s often still quite personal for founders. And churn is one of those jargon words that tries to make the personal impersonal. Because what it really means is that we’ve lost a customer. Someone tried working with us, took a look at what we had to offer, and decided we weren’t providing value for money. As personal as that is, it’s important to be able to detach ourselves from the sting of losing customers, and assess the implications of ‘churn’ for the business. Churn has a huge impact on ARR Growth and Customer Lifetime Value, two key SaaS KPIs. Trying to maximize ARR growth with high levels of churn is like trying to fill the proverbial leaky bucket. Likewise, high levels of churn reduce the lifetime value of a customer, impacting what you can afford to pay for customer acquisition. When churn is high, everything is affected. There are three ways to calculate churn: Customer churn Gross Dollar churn Net Dollar churn Each of these should then be benchmarked against industry figures, to understand how you’re performing. For more on churn, check out our article here: https://hubs.li/Q02BDZND0