Business planning & growth

The cloud-based accounting software lexoffice is a powerful business solution that you can connect with Tidely to synchronise your outstanding invoices and other important data, integrating them into your liquidity planning in real time. This practical feature for significantly increased efficiency is just the beginning: lexoffice offers much more. From legally compliant invoices that are instantly recorded in accounting – lexoffice is e-invoice ready.

As the founder of a start-up, one faces new challenges daily. Processes are implemented step by step, structures are continuously adjusted, and the business model must first prove itself. Will the idea withstand the competition? Is there sufficient demand for the product or service? And most importantly: How long will the liquidity reserves last? This last point is particularly crucial, as a lack of funds is one of the most common reasons start-ups fail. Therefore, it is essential for start-ups to keep an eye on their finances from the very beginning and to know how long their cash reserves will last. The Burn Rate and Cash Runway are key metrics that every start-up should be familiar with. We explain how to calculate both metrics and provide tips on how to optimise the Runway Length.

Admittedly, it can be a challenge to create a budget plan. Typically, excessive demands clash with too little money, leading to power struggles over budgets, and as a result, resources are not used effectively. Simply skipping the budget plan? That is definitely not a solution, as planning provides transparency about the financial situation at both project and company levels. But how does budget planning work? We have valuable tips and a step-by-step guide for you.

What do companies that work on a project basis have in common? That’s right, an often jam-packed and stressful daily routine. Ongoing projects with pressing deadlines, demanding pitches for new clients, and unforeseen change requests during project submissions, alongside internal tasks such as accounting and personnel management—the task list for agencies, consultancies, and all other companies involved in project-based work often seems endless. For this very reason, it is important to pursue stringent project management, including a well-thought-out project plan. In this blog post, we will show you how to design project planning in an ideal way and share tips and tricks that lead to project success.

The economic aftermath of Corona is still being felt, and now inflation and current global politics are causing the next uncertainties and shortages for companies of all industries and sizes. Due solely to pandemic-related economic impacts, up to 25,000 insolvencies are expected in 2022 – especially among small businesses. Bankruptcy seems to hang like a Damocles' sword over many entrepreneurs, but what exactly is insolvency? When does it threaten? And what are the consequences for a company?

"Time is money"—a statement that most agencies would likely agree with immediately, as time is often scarce in their daily work routine. This stress factor, alongside high customer expectations, competitive pressure, and simultaneous shortage of skilled workers, often leads to excessive pressure on agencies.