The success of any business relies on the ability to effectively manage its financial resources. In the case of Software as a Service (SaaS) companies, tracking actual profit and loss versus the budget is the foundation of cash forecasting. Let’s [...]
You receive amazing feedback on your business plan, raised your first round of funding, and launched your product. But wait … why isn’t your business growing at the rate you expected? This can be discouraging, and it’s a common trap we see. We call it the “field of dreams trap.”
When it comes to setting up a SaaS subscription model, many business owners have the same question. Should SaaS companies charge annually or monthly? After all, pricing can have a direct impact on their revenue. Anthony Nitsos, the founder and CEO of SaaS Gurus, is here today to help SaaS business owners answer the question of how to set up their SaaS subscription model effectively.
It seems like all we hear about these days is the amazing product ideas, visionary founders, and unicorn startups. It’s like every startup is a guaranteed unicorn. But we all know great product ideas that were never able to get that coveted $1B valuation. Having been a part of several unicorn exits, I can tell you a good product is only the beginning. Great products require a solid go-to-market and financial strategy to succeed.
You can’t put your accounting and finance infrastructure on the back burner. You need to feel confident about your financial statements and make sure you can show value to current and prospective investors. Here are our ‘Dos and Don’ts’ for SaaS Startup Accounting.
B2B SaaS Metrics that Determine the Value of Your Business When it comes to maximizing the value of your software business, which B2B SaaS metrics should you be focusing on? If we're talking about the monetary value of a business, [...]
Failing to plan is planning to fail. In many cases, it can be just as easy to go out of business by growing too fast and not being optimized and ready, as it is by not selling enough to survive.
A SaaS CFO does more than optimize businesses, it transforms them. The ripple effect of implementing the correct systems, processes, and technology reaches every area within a business. We talked about business optimization in our previous article: How a Part-Time [...]
Sometimes in business, you have to take a hard look at the systems in place and determine what changes need to be made for success. However, if you target the wrong areas, you could be right back where you started or even deeper in the hole. SaaS Gurus takes a holistic approach to isolate the true cause of business issues and reminds clients why it’s important to hire a part time CFO to optimize your business.
People often ask about the types of guarantees that SaaS Gurus offers and how we implement them. First off, it’s surprising that more companies don’t offer guarantees on CFO services. The training SaaS Gurus received as a Six Sigma Black Belt controller taught us that the guarantee of quality is inherent in everything that you do.