Join resident financial expert Anthony Cammarata for a practical and insightful discussion on the essentials of startup finances at any time of the year, but especially for ending this one and starting strong in 2025.

Session Overview:

As we approach the end of the year, it’s the perfect time to review your finances and set yourself up for success. On November 8th, 2024, Anthony Cammarata will guide you through essential financial tasks to help you get ready for 2025. This is for your startup and for you as a business owner.

Anthony Cammarata:

Anthony is the CEO of Startupcannon.io, a firm that provides outsourced CFO and Controller services to a variety of companies. Prior to Startupcannon, he worked at a DC based technology company where he helped raise $120 million over three funding rounds and helped grow it from a 10 person startup to a mid-sized 250 person organization. His experience includes working with bootstrapped, venture baked, and PE backed companies. He started his career working with entrepreneurs at a prominent New York CPA firm where bridging audit and tax roles allowed him to develop and execute strategies that maximized cash flows from customers to stakeholders and investors. Anthony earned his MBA at the University of Maryland and his BS in Accounting at the University at Buffalo; he is a licensed Certified Public Accountant in New York State.

We Will Cover:

● Re-envisioning your streamlined budget/proforma for 2025

● Financial data to organize now for making tax season easier

● Tax-saving strategies before filing 2024 and setting up 2025

● Common mistakes to avoid in startup financial planning

Attend This Vital Event:

Date:  8 Nov 2024

Time: 11:00 am - 12:00 pm

Location:  Online (login Friday morning for Zoom link)

Secure Your Spot Now:  (click/tap the red button above!)

Don’t wait until tax season to organize your finances, that's too late. Take action now to ensure a smooth and successful start to 2025.  Financial planning in November is critical for startups for several reasons, particularly as the end of the fiscal year approaches. Here's why:

1. Budgeting for the Upcoming Year

November is a strategic time to plan next year’s budget. Startups need to project their revenue, expenses, and investments for the next 12 months. This helps allocate resources effectively, ensuring that every dollar is used to fuel growth and achieve business goals.

2. Cash Flow Management

Startups often have tight cash flow. Planning in November helps founders understand how much cash they’ll need in the coming months and whether they have enough reserves to cover expenses like salaries, marketing, and product development.

3. Investor Relations & Fundraising

For startups seeking investment, November is a good time to prepare financial reports and forecasts to present to investors before the year ends. Clear financial plans demonstrate that the business is being managed well, boosting investor confidence and increasing the chances of securing funds.

4. Tax Planning (EBITDA and SDE strategies)

By November, startups can evaluate their taxable income for the year and consider any tax-saving strategies they can implement before December 31. This might include making investments or setting aside funds for deductible expenses.

5. Performance Review & KPIs

November provides an opportunity to review the startup’s performance against its financial goals and key performance indicators (KPIs). This helps adjust strategies if the company is falling short in some areas or double down on successful initiatives.

6. Adjusting to Market Conditions

The business environment can change rapidly, especially in industries where startups operate. Reviewing financials in November allows companies to adjust their strategies to market trends, economic conditions, or emerging opportunities before the new year.

7. Planning for Growth & Expansion

If a startup plans to scale in the upcoming year, financial planning in November helps ensure the company is financially prepared. It allows the founders to evaluate the need for hiring, marketing, or expanding to new markets.

In short, financial planning in November is about getting a head start on the new year, ensuring stability, and positioning the startup for growth.  Hope to see you there!

Your Startup Grind Maryland Management Team

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