FDs boost TMT start-ups' growth prospects


Accountancy Age

FINANCE CHIEFS HELP to push growth in burgeoning technology start-ups, ahead of those without financial expertise on board. Research by accounting firm CBW into 100 successful TMT start-ups, and 50 unsuccessful ones, found finance directors were a catalyst for growth. Those with FDs tended to grow sales faster while using less cash; had strong balance sheets; and attracted more investment. TMT starting up with small teams tended to perform better than…

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