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There’s a huge possibility that your focus might change from managing customers and shipping products to hiring staff and doing reports — which could lead to a stall in your skills and growth as a Founder. So as you motivate your people, keep motivating yourself as well!

Analyzing and managing the income statement is about making tons of little tweaks, all the time. Let's cover what goes into analyzing our financial statements and operating expenses to see if they accurately reflect all of the financial transactions we just inputted in our income statement.

We're going to update our financial statements using a simple accounting process that requires zero professional accounting experience or accounting software — it's just our income statement spreadsheet (free download for you!)

Sometimes Founders feel guilty about their own success to the point that they don’t want to reward themselves and enjoy their hard-earned money. Always remember that you earned and deserve all your wins.

Writing your first business plan? Be sure to review these four business plan examples from the Startups community that really stand out from the crowd.

Your problem statement is the heart of your startup idea. It’s what intrigues people. Here's how to write the best business problem statement

Building solid financial statements starts with digging through all of the financial transactions in all of our accounts. In our example, we'll do this with a spreadsheet but you can use your accounting software to comb through your financial records and do the same thing.

Accounting in startups — can't live with it, can't grow without it! Let's dive into the gritty details of accounting for a startup to cover our bases and get ahead before our numbers come up short.

It’s not uncommon for a first-year startup to be constantly adjusting the numbers and watching the forecasts swing all over the place on a regular basis. Forecasting isn’t a one-time thing, especially for startups. We should be updating this forecast constantly as we get more and more data about how our business will perform.

When things are going well — getting funding, bringing in high revenue — everybody loves you. But when things go south, no one is around. Is there a way this can be avoided altogether?