5-Year Financial Modeling
When you are growing your startup there is a common misconception that there is no need for structure and chaos is the rule, the entire focus should be about building a product and later figure out how to build a company. Our thinking is that this is not true and that you need to be building a company and infrastructure to support your product or service. In fact, we believe strongly in developing a competitive advantage early on by creating processes and activities that make it harder for people to copy and, thus makes your startup more protected. Just as you protect the intellectual property around your unique product, you can also create a system of activities that cannot be easily duplicated.
Nothing is more important to a startup than cash and keeping track of your cash is essential. Accounting is an activity that is easily outsourced to allow your internal resources to focus on the task at hand. Let DGNA help track your revenues and costs. Other related activities that DGNA can easily take off your plate are:
- Budgeting/Forecasting: Outline your company’s revenues expenses and cash flow to help budget and forecast your operations.
- Cost Accounting: Know your real product costs.
- Financial Reporting: Keep your investors and funding sources informed.
Setting targets and measuring progress isn't just something for bigger companies. Startups have to keep things on track as well and with the speed of growth it may be the most effective way to communicate success. Go beyond just the numbers and use tools like the Balance Scorecard to measure key goals in operational areas. Properly designed dashboards and KPI's are difficult and DGNA has experts that can help you make this effective and link it to your overall strategy.
Lease vs. Buy Analysis:
Leasing is a common method for startups to preserve capital. A solid analysis of lease vs. buy is required to make good decisions and DGNA experts can help with this calculation and advise on the lease terms themselves.
Early on in your startup life cycle you need cross-functional, multi tasking generalists. Later on as you scale, you need functional experts to get you to that next level. Knowing when to add resources and where to find them is critical. We can help connect your company with top talent that can transform your business? DGNA’s experts will match employees to you and your business.
Strategic Sales Training/Planning:
Now you've built the product and people actually want it. What now? How do you get it to market with the greatest speed and scale? DGNA has experts available that can guide you through a channel and go to market strategy. Professionals that have done it before and know hwo to make it happen.
Information Technology Planning:
Although it feels like your laptop, tablet and printer are all you need to get going, there are risks lurking around the corner and benefits to be derived from a little planning. Design and construct your IT networks with an eye for scaling using professionals at DGNA.
Nothing will stop the progress of your startup in its tracks faster than a cyber threat. They are real and happening all the time. Protect the privacy of your idea and more importantly, guard against the time it takes to recover. You cannot afford to be derailed by cyber criminals.
You have received orders and it sinks in that you have to deliver, and do it quickly to keep your new customers happy. Resources are limited and so you need the most efficient possible layout of your production, order fulfillment and customer service functions. Let DGNA experts help you design the efficient layout and keep the ball rolling.
Project Management Training:
Time may be the biggest threat to your startup. Its like the hourglass, except the sands falling down are the funds you have to keep running. Being able to manage multiple projects, functions and tasks at one time are crucial and we have experts that can teach you the tricks of the trade. Let DGNA consultants show you tools available and the building blocks of project management.