First of all by identifying when you’re ready to scale and when you’re not. In order to scale, you need to identify milestones to help keep you on track to hit key operating targets, set budgets and plan your fundraising. Your finance professional should have and develop connections with other businesses that can help you, and be proactive about making introductions for your business.

Lastly, your accountant should also provide the GAAP-compliant financial statements and other financial documentation you need to submit as part of the due diligence process. A more efficient and cost-effective solution is to outsource the finance function to experienced professionals who understand small businesses.

Article by AlleyWatch
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