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Business

How management accountants can support start-ups Logo cgma

  Samantha White and Jack Hagel |   Free |   AICPA and CIMA |   01 Jun 2016 |   CGMA Magazine

This article shares some tips for management accountants interested in supporting start-ups.

Topics covered:
  • Management accounting: Business: Strategy, Foundational
  • Management accounting: Business: Strategy, Intermediate

4 Comments/Reflections

Glyn Horsfield

Glyn Horsfield Dec 2019

Of relevance to new partners of our, albeit in a mature market, but the absence of cash for there new start up partners will cause failure, just as per the 29% metric. Our business effectively acts as the bank so understanding the traits that we should be observing in the start up to ensure our money is secure is key. The article provides some clues as to what we should be looking for in a start up that could succeed.
Barry Dutnall

Barry Dutnall Aug 2019

This is something that is really important to me as a freelance finance director. Start Ups do make mistakes and that is okay but having good financial reporting can stop those mistakes becoming a disaster
Helen Cunningham

Helen Cunningham Aug 2018

I have gained some useful insight from this article.  It is a good overview, and I'm interested to learn more.
Tanya Cruz

Tanya Cruz Oct 2016

I currently have been working at a start up for the last 2 years and am just now starting to try and get involved in the strategic decisions of the business.

It has been a challenge and ever since I have been there (very part time initially) I have been trying to break down the walls of not having any finance focus to moving to full reports each month with analysis of variances.

I am not striving to learn and develop my strategic side to enable me to support the business better in all areas.