What is the Difference Between a Startup and a Regular Small/ Medium Business?
Joseph (Yossi) Kochav Lev
CFO Services | Financing & Capital Raise | Biz & Management Consultant | M&A Advisory ??????????
The difference between startups and small businesses is that small businesses are…small businesses,
while startups are the first step of large and successful organization.
As such, startups should see themselves as large companies in the making and create the proper
foundation, infrastructure and road map to get there.
Accounting clerks handle Receivables, Payables and similar. Bookkeeper keep accounting records.
Controllers prepare monthly and annual financial statements. CFOs provide senior finance leadership,
participate in C and board level strategic discussions and decisions, and lead financing and capital raise
and more.
No one person can do all of the above – a bookkeeper cannot provide senior finance leadership, and an
experience CFO, would not deal with bookkeeping.
Startups however do need all of the above, but only in small portions. This is where we come into the
picture. We provide the right fractional amounts of these services. We have accounting clerks,
bookkeepers, junior and senior accountants and experienced CFOs. We would allocate a team to your
company that would provide all the different levels and functions needed, at the right “dosageâ€.
The advantages –
1) Since we allocate to you a mix of lower level, mid-level and senior level team –
2) You do not need to compromise – you get high level CFO to help with strategy and capital
raise, and you get lower level team to help with bookkeeping etc.
3) You pay for what you need, usually a fraction of what you would have paid, if you had to
hire your own team.
4) Flexible – short term commitments. Grows with you easily as you grow.
5) No employer / employee relationships.