Jachim Gobien

I am a management consultant with a corporate banking background. Previously, I worked for almost a decade for one of the leading international banks in various roles. Since 2013, I have lived in several countries in the Middle East and Asia. I hold a Master’s degree in Law, a Master’s degree in Management, and I am a Certified Management Accountant.

Corporate Income Tax UAE Summary for Small businesses

Corporate Income Tax UAE: What Small Businesses Need to Know

The following article provides a high-level overview of some of the most important provisions of the Corporate Income Tax UAE laws for small businesses. It is primarily based on: The latest version of the above guides can be downloaded from the Federal Tax Authority – Corporate Tax website. Corporate Income Tax UAE – Tax Rates […]

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The tracking of your statutory compliance deadlines is important to avoid potential financial penalties, legal issues, or in an extreme case even the suspension of your business license.

An easy and free Statutory Compliance Tracker for Small Businesses

Never miss a compliance deadline again with our user-friendly statutory compliance tracker for small businesses! This article will guide small business owners on the importance of staying on top of deadlines and how our customizable Excel template can help them avoid hefty penalties. Say goodbye to missed deadlines and hello to peace of mind with

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Realistic and accurate financial projections are vital for the long-term success of your business.

Why Realistic and Accurate Financial Projections Matter?

As a business owner, creating realistic and accurate financial projections is crucial for success. Financial projections are estimates of future financial outcomes, including revenue, expenses, net profit, and cash flow. These projections are an essential component of any business plan, as they help to guide decision-making and ensure that the business is on track to

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Prioritize on operating cash flow instead of profit as a new business owner.

Why Operating Cash Flow Matters More Than Profit: A Guide for New Business Owners

As a new business owner, it’s important to understand why operating cash flow matters more than profit. In this guide, we’ll explore the reasons behind this and how financial projections can help you identify potential liquidity issues ahead of time. Plus, we’ll explain why it is important to work with an expert financial modeler to

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ApprovalMax provides Xero with powerful approval-driven financial controls for Accounts Payable and Accounts Receivable. These controls help prevent errors, duplicate payments, fraud, and unnecessary spending.

What is ApprovalMax and how can it benefit small businesses?

In small businesses, efficient approval processes are crucial for maintaining financial control, ensuring accuracy, and establishing robust audit trails. This is where ApprovalMax comes into play. ApprovalMax is a powerful cloud-based solution designed to streamline and automate approval workflows for small businesses. It integrates seamlessly with popular accounting software like Xero and Quickbooks, providing a

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financial projections help startups build successful business

How do financial projections help startups build a successful business?

A prerequisite for every business is to maintain a sound business plan that includes meaningful financial projections. This is especially important for startup companies since their failure rate in the first year of operation is extremely high and #1 reason for failure is the startup ran out of cash. Financial projections help companies get insight

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Certified Management Accountant provides added value to business

What benefits a certified management accountant brings to your business?

Not every accountant is the same. Certified Public Accountants (CPA) and Certified Management Accountants (CMA) provide distinct services. The difference between the two is not widely understood outside of the accounting profession and established companies. While CPAs or financial accountants are primarily focused on maintaining your financial records, CMA’s core task is to provide management

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The scorecard valuation method: a simple method for pre-revenue startups

Scorecard valuation method: How to value a startup with no revenues?

The scorecard valuation method is a popular, pre-money valuation method for early-stage startups. In this method, a startup is valued based on an adjusted benchmark value. The central idea is that a startup should be valued in line with comparable startups (similar in terms of geographical location, industry, market potential, and development stage). Next, the

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It is essential to calculate the value and payback period of business investment.

How to calculate the value and payback period of business investment?

When a business invests in a new piece of machinery, this is known as a capital expenditure. It is vital to every business to ensure that their capital expenditures, especially if they represent a major investment, create value instead of destroying value. The systematic process of identifying, analyzing, and selecting the best investment is called

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Winning Startup Business Plan

Essential Components of a Winning Startup Business Plan

Key reasons why you need a business plan for your startup 1. A roadmap to success To succeed in today’s competitive environment, you need a sound business plan and solid execution capabilities. A critical step is to develop a thorough understanding of your competitive environment and to identify the key drivers that will determine your

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