Least Important for a Tiny Startup

Hot take (for a CPA):

Accounting and finance is the least important aspect of a tiny startup.

I've talked about the basic pillars before:

1. Product 🍩

2. Sales 💰

3. Business 📊

... in that order.

The business piece is largely unnecessary if:

- the product doesn't get built

- you can't get sales off the ground

Sure, if you want to try selling something at the farmers market, you might need to charge sales tax and get a permit (depending on your product).

You could get around that requirement initially by selling and collecting under a friend's business to start, to see if it's worth it.

Rising sales will dictate the need for business structure.

Even then, the most important step is basic bookkeeping, so you can:

- watch your margins (gross and net)

- file taxes

If your sales start to take off and you want to

- attract investment

- model

- plan

for your business's potential future 🚀

That's when you call me!