As a growing startup, your business will eventually need to implement several key processes to continue achieving your business goals. These processes will improve efficiency and help you complete the actions or operations needed to achieve your desired result. Here at New Economy, we focus our processes on data. This gives us the best results […]
Have you ever felt frustrated, overwhelmed, and out of control with the financial state of your business? If so, you’re not alone. In fact, 66% of business owners say they are in the same boat, constantly scrambling to get the numbers right and things done on time. Let’s face it. You need help managing your […]
In the life of a startup, there are many twists and turns and the company must take massive maturing steps to evolve and meet every challenge. Embr Labs, going from pre revenue in 2015 to millions in revenue today has taken many of those big steps and met the challenges in front of them. And […]
Picture a small plane flying over the Pacific Ocean. Halfway across the pilot announces, “I’ve got good news and bad news”. The bad news is the gauges are not working. We are lost and I have no idea how much fuel we have left, what direction we are headed, or how fast we are going. […]
As an entrepreneur, you understand the importance of accounting and its impact on your business. It plays just as essential a role as operations, sales, and marketing, so it’s imperative you build an accounting team that will carry out tasks with your business goals in mind. A strong accounting department is comprised of people, systems […]
Besides accountants, New Economy is made up of a team of deep thinkers and meditators. We are always looking ahead, however, we are also a reflective bunch who loves to take a step back and see our progress. During our reflection periods, we tend to run into a common theme: there is no way New […]
From Juggling Tasks, to Alignment and Focus In any entrepreneurial endeavor, the greatest challenge often becomes managing resources. You always have more moving parts than you have hands to juggle those components. This balancing act of maximizing resources often leads to massive amounts of anxiety, and wasted effort. Managing cash. Managing people. Managing time. But […]
Believe it or not, it’s time to add year-end planning to your to-do list! It’s finally time to start preparing for the year ahead so you can position your business for success. At New Economy, we’ve also started this process, here’s a look at what it looks like for us. As year-end approaches, we think […]
The Entrepreneurial Operating System (EOS) is a framework for running a business. It uses strategic vision, systems/processes, and ultimately data to keep track of progress. The framework focuses on people and guides them toward a successful business with the help of simple tools and principles. EOS organizes the challenges you face every day by making […]
Outsourcing accounting is trending in the business world. Depending on the role you choose to outsource, entrepreneurs reap many benefits, like: Accurate and timely financial insight Strategic support and guidance More time to work on the business instead of in it Cost savings If you’re exploring this option for your business, one of your primary […]
Accountants, controllers, and Chief Financial Officers (CFOs) can all play an essential role in a finance department. However, the size of your business, your business needs, and your business goals, will all play a part in determining which role you need to hire for. Making the right decision is crucial and can completely change the […]
As your business grows, so will your financial needs. You’ll start to require: More time for financial management, A stronger understanding of your financial information, Better tools and resources to ensure timely and accurate numbers. At this point, many businesses choose to outsource their accounting, which solves and helps avoid the problems listed above. […]
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