A successful entrepreneur will accelerate the growth and success of the business by tapping into team of experts, a "mastermind alliance". One key the key members of this mastermind alliance will be the firm's accountant.
An accountant who is wired into the operations of the business can perform other beyond producing balance sheets and income statements periodically. The accountant has unique insight into areas that can help the company grow.
The accountant will have insight into benchmark costs which will be crucial information for constructing a credible and bankable business plan. The accountant will also be able assist the business owner in projecting believable organic growth projections. Many business plans are rejected summarily by potential lenders and investors because of a lack of believability in the growth or cost projections.
The accountant may also be able to provide an introduction to a potential equity investor in the business by virtue of the potential investor also being a client of the accountant. Such an introduction can be very valuable as some the accountants professional reputation will imputed to the business seeking funding.
It is a highly advisable for a business that is looking to get funding in the near future or is currently seeking funding to look upon the firm's account not as a cost but an asset.
SOURCE:
http://wwww.helium.com/items/534835-how-your-accountant-can-help-you-fund-your-business
An accountant who is wired into the operations of the business can perform other beyond producing balance sheets and income statements periodically. The accountant has unique insight into areas that can help the company grow.
The accountant will have insight into benchmark costs which will be crucial information for constructing a credible and bankable business plan. The accountant will also be able assist the business owner in projecting believable organic growth projections. Many business plans are rejected summarily by potential lenders and investors because of a lack of believability in the growth or cost projections.
The accountant may also be able to provide an introduction to a potential equity investor in the business by virtue of the potential investor also being a client of the accountant. Such an introduction can be very valuable as some the accountants professional reputation will imputed to the business seeking funding.
It is a highly advisable for a business that is looking to get funding in the near future or is currently seeking funding to look upon the firm's account not as a cost but an asset.
SOURCE:
http://wwww.helium.com/items/534835-how-your-accountant-can-help-you-fund-your-business
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