Innovation, growth, and competition for capital and talent are what characterize today’s emerging tech companies. And, everything continues to move at the speed of light. Today’s tech companies need to be open, responsive, and most importantly, ready to capitalize on opportunities that present themselves. It’s an exciting time for disruptive, groundbreaking companies where capital is available for companies with big ideas that have management teams ready to execute. Growth and opportunity may come from expansion into a new sales channel, acquisition of talent in a new region or by pivoting on an overall business model. Internal/management reporting, state and local tax, and possibly international reporting, become critical paths to success and finding an advisor that can support you is vital.
A great deal of capital is circulating through the marketplace, but the bar has been raised for start-ups because investors want more – they want results, information, and a plan to deliver. Today, successful entrepreneurs move quickly through different ideas over the span of months instead of years. Developing a winning business model that can stand the test of time is essential. Tech companies must be more nimble than ever, as they master the art of the pivot. Delivering solid returns for your investors against plan is critical, in a much shorter timeframe.