Business Planning & Growth

The cloud-based accounting software lexoffice is a powerful business solution that you can connect with Tidely to synchronize your outstanding invoices and other key data, incorporating them into your cash flow planning in real time. This practical feature for significantly greater efficiency is just the beginning: lexoffice can do much more. Starting with legally compliant invoices that land directly in your accounting – lexoffice is e-invoice ready.

As a startup founder, you face new challenges every day. Processes are implemented step by step, structures are continuously adapted, and the business model has yet to prove itself. Does the idea hold up against the competition? Is there sufficient demand for the product or service? And above all: how long will your cash reserves last? This last point is particularly critical, as a lack of funds is one of the most common reasons startups fail. That is why it is vital for startups to keep an eye on their finances from the very beginning and know how long their cash will last. Burn rate and cash runway are essential metrics that every startup should know. We explain how to calculate both and provide tips on how to optimize your runway length.

Admittedly, creating a budget plan can be a challenge. Usually, high demands meet limited funds, leading to power struggles over budgets and, consequently, the inefficient use of resources. Simply skipping the budget plan? That is definitely not a solution, as planning creates transparency regarding the financial situation at both the project and company levels. But how does budget planning work? We have valuable tips and a step-by-step guide for you.

What do project-based companies have in common? That’s right: an often packed and stressful daily routine. Ongoing projects with tight deadlines, demanding pitches for new clients, and unexpected change requests, all alongside internal tasks like accounting and HR—the to-do list for agencies, consultancies, and any other project-based business often seems endless. That is precisely why it is so important to follow a stringent project management approach, including well-thought-out project planning. In this blog post, we will show you what ideal project planning looks like and share tips and tricks that lead to project success.

The economic aftermath of the pandemic is still being felt, and now inflation and current global politics are creating new uncertainties and bottlenecks for companies of all sizes and sectors. Due to the economic impact of the pandemic alone, up to 25,000 insolvencies are expected in 2022—primarily among small businesses. Insolvency seems to hang over many entrepreneurs like a sword of Damocles, but what exactly is insolvency? When is it a risk? And what are the consequences for a company?

Time is money – a statement most agencies would immediately agree with, as time is usually in short supply in their day-to-day work. This is a stress factor that, alongside high client expectations, competitive pressure, and a simultaneous shortage of skilled workers, often puts too much strain on agencies.