It’s not unusual for a new year to signify change. For most businesses, the new year typically brings fresh challenges, goals and ideas. But for Affect Digital Media—then known as Advocate Digital Media—2018 meant more than just a new set of sales goals or a motivational message from the corporate office.
Lots of startups struggle with accounting processes like payroll. For Ignite Spot client BlueCrew Jobs, though, the situation was much more complex than doling out paychecks to a handful of employees. By working with our team of virtual accountants, the app maker was able to streamline payroll, trim expenses and become profitable, which ultimately contributed to a $14 million influx of capital to expand the company across the country.
Ah, inventory. The bane of a retailer’s existence. Whether you sell clothing, car parts or cat food, inventory is a necessary evil. But it’s much more than that; it’s an important business component that, when managed effectively, can help you maintain tight margins and trim overhead. When managed poorly—or not managed at all—it can be a money pit.