At Entreflow Consulting we help businesses get past the start-up phase and guide them through the proper financial and management practices necessary to building a real lasting business. We know that 75% of start-ups fail and firmly believe that with the right processes and systems in place, a start-up is that much more likely to be in the 25% of businesses that see it through to the end.
Furthermore, a team at Stanford set out to prove that having Management Control Systems in place, including financial management systems and processes, can have a positive effect on the overall valuation of companies in various industries: their results suggest full adoption of such systems can have a 33% impact on valuation!
Being out of ‘start-up’ mode isn’t about investors or market traction. It goes deeper. It’s about how your company runs.
Below are a few signs that you are out of start-up mode and well on your way to stability. If you aren’t quite sure and just want to skip to the results, take our financial management self-assessment to see where you stand.