Endeavor’s Post

Want to improve your business #FinancialLiteracy? Join us on Thursday, September 5 at 1 PM ET for the Member Exclusive event, "Top Five Mistakes Start-Ups Make," presented by Chartered Professional Accountant Heather Walsh! In this 60-minute CPA-designed Financial Literacy Course, we'll focus on understanding the value of business plans, business structures, cash flow monitoring, and informed tax decisions. Don't miss out on this opportunity to enhance your entrepreneurial financial literacy skills – Members, reserve your spot now: https://bit.ly/3z8mzgk #FinancialLiteracy #SMEFinances #StartUps

🚀 Start-Up Success Story: JFM Truck Care 🚚 "As a start-up, there is so much to learn and do, the J-Benn team has been on hand to support my financial education, answer questions, and help my business become profitable. They are like an extension of my business." — Jamie Pennyfather, Owner of JFM Truck Care At J-Benn, we pride ourselves on being more than just accountants — we are your partners in growth. We're here to ensure that your business doesn't just survive but thrives. Ready to take your business to the next level? Let's talk! 💼✨ #ClientSuccess #BusinessGrowth #StartUpSupport #FinancialEducation #SmallBusinessSuccess

🚀 Start-Up Success Story: JFM Truck Care 🚚 "As a start-up, there is so much to learn and do, the J-Benn team has been on hand to support my financial education, answer questions, and help my business become profitable. They are like an extension of my business." — Jamie Pennyfather, Owner of JFM Truck Care At J-Benn, we pride ourselves on being more than just accountants — we are your partners in growth. We're here to ensure that your business doesn't just survive but thrives. Ready to take your business to the next level? Let's talk! 💼✨ #ClientSuccess #BusinessGrowth #StartUpSupport #FinancialEducation #SmallBusinessSuccess

Discover Anjali’s success story of growing her startup with FinVest's strategic financial guidance: 1. Funding Strategy: Crafting a robust plan to secure funding for expansion. 2. Financial Management: Streamlining finances to maximize growth potential. 3. Risk Assessment: Evaluating and mitigating risks associated with expansion. 4. Growth Planning: Setting realistic and achievable growth targets. 5. Continuous Support: Providing ongoing support and advice for sustainable growth. Anjali's journey with FinVest showcases our commitment to fueling the ambitions of entrepreneurs. Visit myfinvest.in #BusinessExpansion #SuccessStory #FinVestGrowth #EntrepreneurJourney #FinancialStrategy #StartupGrowth #RiskManagement #BusinessPlanning #FinancialSupport #DreamBigWithFinVest .

Valuation Cap is NOT valuation, here is why 👇 🚨 Founder Alert: Your SAFE's valuation cap is NOT your startup's valuation! 🚨 Confused? You're not alone. Let's break down the SAFE puzzle: 🧩 Valuation Cap: The maximum value at which your SAFE converts 🎟️ Discount: The "early bird" price cut for SAFE holders 💰 Amount Invested: How much cash you're getting now Here's the kicker: That valuation cap? It's a ceiling, not a price tag! Example: $5M cap SAFE ≠ $5M company valuation It means: "I'll convert at $5M or less, whatever the next round decides." Why this matters: - You could be giving away more equity than you think - Your next round's valuation is still up for grabs - Multiple SAFEs can stack up, diluting you fast Don't let SAFE terms catch you off guard when fundraising! 👇 Drop a "🤯" if this cleared things up for you #StartupFunding #SAFE #ValuationCap #FounderTips #VentureCapital

💼 Finance Decoded: Don't let jargon stand in the way of your startup dreams! 💭 💡 Today, we're shedding light on the elusive pre-money valuation vs. post-money valuation debate. It's a relatively straightforward concept but always good to clarify. 🔦 ➡️ The dups pro tips ⬅️: Stage your fundraising! Dividing your funding needs into smaller rounds can lead to a higher pre-money valuation in later rounds, reducing dilution for you and your team. This can be a good strategy if you're confident in achieving milestones to impress investors. But remember, it's not a one-size-fits-all approach. Consider your burn rate and growth goals before deciding. 📲 Follow dups for actionable advice and expert insights to fuel your entrepreneurial journey. 🫱🏼🫲🏽 #startuptips #finance #dupsconsultancy

Success doesn't happen overnight. It's the result of hard work, dedication and perseverance. 🌐 www.KLHopkinsTax.com 🌐 #KLHopkinsTax⁣ #AccountantForEntrepreneurs⁣ #MemphisAccounting⁣ #MemphisBookkeeping⁣ #EntrepreneurLife ⁣⁣#MemphisStartups⁣ #SupportLocalMemphis⁣ #MemphisMade⁣⁣ #BluffCity⁣ #Memphis #BusinessGrowth

Who likes surprises just in time for a closing? How about unexpected fees or costs on the day of closing ... when it may be too late to address? 🤦♂️ Instead...GET YOUR CLOSING INVOICES AS FAR IN ADVANCE OF CLOSING AS POSSIBLE Your title company should have a close-to-accurate invoice available soon after a transaction is started. There may be additional fees as a file progresses to closing, but nothing out of left field. I like to upfront and don't wait for the day of closing for you to see my title bill. If you have any questions or concerns, I want to address them NOW ... and not wait for the day of closing, when you dealing with 100 other things! #titleinsurance #titlecompany #startupvibes

Founders personal cash burn - here’s what I did to prepare Really important particularly at the start but not talked about much. Your runway is as critical as the companies. We know most things take twice as long and cost twice as much So you need to prepare for winter. Before starting PARTNAR I had a couple months to prepare before jumping back in startup world. Here’s some things I did to prepare: 1. Sold my wife’s and I’s “good cars” I knew having car repayments was going to slow me down and suck cash So we sold them and purchased two cheaper modest cars that we owned and didn’t have to pay money on 2. Redone our family budget We knew what we we earning was going to be stopped or drastically lower So we reduced all unnecessary expenses and went back to the basics 3. Sold things we didn’t use or need You’d surprise yourself how much stuff you’ve got around your house that you could sell. I know I did, this gave us additional savings we knew we’d had to use when starting the company with no salary It got really tough for a while leading up to being able to pay ourselves Without doing the above I would of been stuffed!

Balancing Business and Family Succession: Understanding ‘Deemed Offer’ in Startup Agreements: It’s all too easy to think of startup founders as young, vigorous and touched with immortality. But the sector is full of stories of founders dying before their time. Such deaths are always tragic but can be even more so when there isn’t a clear plan in place. Without that plan, #conflicts can quickly arise between the deceased's family, #investors , business partners, and other interested parties. Often, the source of this conflict is the founder being subject to a “deemed offer” or “deemed sale” clause. This clause leads to an automatic forced sale of the deceased’s shares. When a deemed offer is in place, the deceased’s family can lose access to that person’s stake in the #business , even if it’s earmarked for them in the will. https://lnkd.in/dv_EcEfi