OK, this is going to be an open discussion, all of your readers who have been reading silently and have a start up I request all of you to speak up for the greater benefit.
There is some one who runs a financial consulting organization, has a lot of experience in Accounts and finance of IT setups, who has kindly agreed to provide Financial consulting to budding entrepreneurs.
There is how ever one thing that need to be ironed out and I need your help in finding those small details so this friend of mine does not end up doing every thing and step back from his pledge.
First few things to note the help is initially for 6 months (to see if this even works out and he can spare time toÂ actually help those) I am sure he would extend this period if we don’t take un due advantage and either pay him when the venture becomes profitable or get permanent accounts guys if not and let other get some help.
So what do I need your help on this is to determine what kind of financial consulting or advice entreprenuers need in their ealry days.
Few things I can identify at start is
- Figuring out tax for employees and organization.
- Help in filing for exemption if any applicable to your industry
- Making sure your accounting procedures and documents are in order for any audit you need down the road.
These are few of the things that came to my mind, but I know there will be other problematic areas to highlight.
Again this discussion is for helping startups if you hold back it will be loss for all of us so help me out in getting these crazy entreprenuers some free help.