Financial Consulting for Startups
If we do it, we do it right! Let’s build your solid financial foundation.
38%
of Startups fail due to liquidity shortages or unsuccessful refinancing.
(CB Insights 08/2021)
As a Startup, you won’t want to miss out on this:
Top-quality documents for all your stakeholders
Detailed overview of your finances
Solid basis for action and decision-making for your company management
Development of sustainable and scalable processes & structures
You focus on YOUR Startup, I’ll take care of:
Early Stage Banking
Choosing the right banking partner already makes sense in the pre-seed phase, as this allows to built a solid and future-oriented banking relationship.
Specialised banks offer tools and products that scale with your business. In addition, such banks often have advisors with relevant expertise and connections to key ecosystem players.
Ultimately, the right banking partner can also assist with Debt Financing during the Growth-Phase, potentially in connection with the KfW’s Venture Tech Growth Financing (VTGF) programme. The process is made much easier when the customer relationship has been established early on.
Financial Reporting
A solid financial reporting system is essential for monitoring and managing your growth. With the insights and key metrics it generates, you’ll be able to make well-founded financial decisions at any time.
Every business model has its own key performance indicators (KPIs). Combined with financial and liquidity planning, you can create plan-to-actual comparisons, giving you a clear picture of where you stand or where there may be issues.
Financial and Liquidity Planning
Your financial and liquidity plan reflects your company’s strategic direction over the next 3-5 years. It can also help illustrate the complexity of your business model in a clear way.
It primarily serves to manage your business and provides transparency for stakeholders (and forming the basis for attracting new investors or debt financing).
How does strategic-conceptual Startup Financial Advice work?
Simple and tailored to you. Depending on your needs, we can work through the entire process together or break it down into individual stages.
Initial Review
What does your current system landscape look like? What documents and reports (account overview, reporting, financial/liquidity planning) are available? How is the quality of your data?
Needs Assessment
What are the current and business model-specific requirements (e.g. e-commerce vs. SaaS)? What data and information is needed or missing? For whom should the data be presented?
Defining the Target State
What should the reports look like, and how should the information be presented? What KPIs (e.g., MRR, churn rate, AOV, ROAS, CAC, CLTV, etc.) should be included?
Data Preparation
Ideally, all necessary data will be generated automatically and prepared for processing. If needed, new systems may be introduced.
Implementation
All defined data and information will be visually displayed in reports or dashboards.
Completion
Testing und Go-Live.
Any questions left?
What is my target group?
No matter what growth phase your Startup is in, I'm happy to support you. My focus in financial consulting is on E-commerce, DTC, and tech and software companies.
How is project planning structured?
Based on our initial conversation, we’ll define the goals together and plan the necessary tasks. We’ll also set a timeline and outline the roles on your side. Based on an effort estimate, a corresponding offer will be presented.
What are the costs of consulting?
It’s hard to give a flat rate. Costs vary significantly depending on the complexity of the project. The budget we set in the proposal will serve as a guideline, and billing will be done monthly according to the negotiated hourly rate.
What does the collaboration look like?
I primarily work remotely, but especially at the start of a partnership, it often makes sense for me to be on-site more frequently. This allows for smoother coordination and easier onboarding into your processes and structures, based on experience.
All good things start with a conversation.
Let’s have an informal chat about your plans and goals.
thomas.hoefter@liquitekt.com