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Scenario Planning in Uncertain Times

Centage

There is some risk to using past performance to inform your long-term plans, and this can be compounded during times of economic uncertainty. Your company needs to make plans for the future. Your budget is a roadmap of your business’s financial goals and how you plan to reach them. What Is Financial Forecasting?

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Can A Startup Compete With Amazon For Online Book Sales?

PYMNTS

A startup with a plan to take on Amazon in the world of digital book sales might at first seem, well, a little crazy. But eCommerce startup Bookshop has decided to do exactly that – despite the fact that Amazon is the biggest force in book sales in the U.S.

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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Startups tend to operate on shaky ground. 90% of startups will fail - period. As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. The key is understanding a startup's challenges and providing solutions to facilitate company growth. startups need you. The truth is.

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Second Share Purchase Deal Values POS Startup Toast At $8B

PYMNTS

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. Founded in 2011 by Aman Narang , Jonathan Grimm and Steve Fredette , the startup closed a $400 million funding round in February at a $4.9

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TikTok Doubles Sales To $35 Billion Despite Bans, Layoffs

PYMNTS

Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. Based in Beijing, ByteDance is valued at roughly $180 billion, and TikTok is in the planning stages of an initial public offering (IPO) in Hong Kong.

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Singapore’s Ninja Van Delivery Startup Raises $279M

PYMNTS

Parcel delivery startup Ninja Van , working in overdrive during the pandemic, ended a funding round with $279 million. Ninja Van ’s clients include names like L’Oreal and Wing Tai’s G2000 label, which it has helped digitize and boost eCommerce sales. It also works with smaller operations, including social media influencers.

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Shopify Supports Startups With $200 Loans

PYMNTS

Nejatian said $200 “may not seem like a lot,” but Shopify has witnessed startups launching with only $200 and becoming multi-million dollar firms. The funds are paid back in 60 days as a fixed percentage of sales. He added that the majority of small business startups “don’t have a five-year plan and have terrible credit scores.