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.

financial projections help startups build successful business

How do financial projections help startups build a successful business?

Financial planning, Funding / By

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?

Financial planning, Management accounting / By

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?

Funding / By

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?

Management accounting / By

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

Financial planning, Funding, Risk management / By

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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How to choose between straight-line depreciation and accelerated depreciation methods?

How to choose between straight-line depreciation and accelerated depreciation methods

Accounting, Financial planning / By

Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated …

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