Economic orientation of a startup in the growth phase

Task definition

Professionalization of the organization, thereby establishing standards, processes and structures
Creation of economic transparency and decision orientation, taking into account economic / KPI-based criteria

Situation:

Self-made entrepreneur with sufficient equity capital
No professional structures and processes in the financial area, no professional corporate management

Measures:

Know how transfer and process description in accounting (preparatory accounting, chart of accounts, month-end closing, etc.)
Know how transfer and process description in controlling (variance analyses, reporting, planning, forecasting, etc.)
Professionalization and organizational development (assignment of roles, tasks, decision-making powers, etc.)
Development of strategy and corporate goals
Change management and coaching of young management and employees

Introduction of timely and meaningful monthly financial statements
Establishment of a corporate planning and budgeting process
Establishment of monthly reporting with target/actual comparison and mapping of the current economic status
Introduction of profitability analyses and business cases
Introduction of project management and identification of measures to support results
Sensitization of the entire organization to fact-based decisions, thus orientation towards economic action