When you hear the word Start-up, what do you think of? Lots of venture capital raised quickly to create showy products that cater to a niche market? Almost daily we see the demise of these companies in the news and the reality of the “Fail Fast” model. But this is not true for all start-ups, such as Evernote which opened in 2004. The company is currently facing the harsh reality of two options: slow death or a complete makeover. Erin Griffith for the New York Times offers a detailed look at Evernote as an example of a long standing, 15 years, start-up in her article, A Unicorn Lost in the Valley, Evernote Blows Up the ‘Fail Fast’ Gospel.
Tag: start-up
Do You Need An Accountant For Your Small Business?
Anyone starting their own business knows that keeping costs down is of vital importance. Alyssa Gregory encourages new business owners to consider twenty-one areas where accountants will make their lives easier. In her article, Do I Need An Accountant, she provides a useful checklist and summary of items required for new start-ups, such as opening business bank accounts, governmental forms and classification of contractors vs. employees. In her assessment, knowing when to enlist the help of a professional is key to creating and maintaing fiscal health.