Mastering Due Diligence: A Guide to Strategic Record Keeping

Record Keeping

In the dynamic landscape of early-stage business endeavors, meticulous documentation management is the key to unlocking a pathway to successful fundraising or acquisition. By refining their approach to record keeping, burgeoning companies can significantly enhance their prospects. The seemingly straightforward act of organizing and storing documents can, in fact, become a catalyst for expediting transactional…

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SAAS Metrics and Why They Matter

SaaS Metrics

Software as a Service (SAAS) is a unique business model that requires a particular set of metrics to understand better if the business is thriving. Many different places on the web can help a company calculate these metrics; what we plan to discuss is why those metrics matter and the key factors to consider when…

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Direct vs. Indirect Cash Flow Statements

Cash Flow

Most founders understand the Income Statement (Profit and Loss) and Balance Sheet, but the indirect Cash Flow statement, as taught in classes, can be a mystery. And in a SAAS business, another cash report, the direct cash flow statement, is the best indication of the health of your startup. Indirect Cash Flow Statement The indirect…

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Budget vs. Actual Analysis

The budget versus actual statement is a crucial measuring device for the Financial Planning and Analysis (FP&A) team. The best-run teams create these reports monthly (and quarterly/annually), comparing actual vs. the budget and against any updated forecasts. The budget vs. actual report should also include the metric drivers of the business in addition to the…

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Forecasting Best Practices

Forecasting Blog

Forecasting and budgeting are often used interchangeably, but the discussion below primarily applies to updating the budget with an improved forecast. I would consider the “Budget” a quarterly or annual plan approved by the board of directors or management team. The “Forecast” is an updated budget version that includes actual results and adjustments to future…

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Why You Need a Fractional CFO

Fractional CFO

First time CEOs, or founders that haven’t been in an organization with a strong finance team, are often unsure of the benefits provided by a CFO or when they need that help. A strong fractional CFO helps the CEO well beyond the administrative side of the business.  Strategic Planning CFOs consistently look forward, searching for…

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Who To Hire And When?

Tim Debone article Who To Hire When

While there are no hard and fast rules, below is a guide on the recommended hiring plan for high-growth start-ups. The order is designed for a standard B2B tech company, but the order may changebased on your business. Companies with large invoice volumes or complex payrolls may need moreaccounting help early, or companies in the…

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Tim DeBone on Adding Value Through Financial and Business Planning

Tim Debone Bagchi Law Financial Planning

Tim DeBone, the President of Bagchi Group, is an analyst and strategist who has used his career to help businesses understand and develop their financial solutions. He has guided companies ranging from multinational corporations to nascent startups, earning himself a reputation as a skilled and trusted source for business planning. Tim was recently interviewed about…

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Coaching the Next Generation of Leaders: Ravila on Podcast

Podcast with Bagchi Group's Ravila Gupta

Ravila Gupta recently joined Donald Thompson’s podcast, High Octane Leadership, to discuss leadership lessons learned in her career. As a successful executive coach, it was an honor to be featured in this episode to provide actionable advice for professionals seeking to evolve their careers.   This podcast episode, “Coaching the Next Generation of Leaders,” also featured…

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Finding the Right Bank for Your Technology or Innovation Business


Recently, several US-based banks heavily focused on serving the technology and innovation sectors have been in the news due to closures and asset seizures. We are aware that many of the clients we assist keep their deposit accounts with these banks. In response to the recent issues at these banks, the US government has taken…

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