Five23 Blog

It’s that time of year again, time to start thinking about how you will grow your business in this new year. Get Finances in Order The first step in planning is to look back at your business’ financial performance for the year. If you have an accounting...

As an entrepreneur, you may be the only person working on your business. And, without someone else to bounce ideas off of, it can get lonely. One way you can get the support you need is by finding the right business mentors. In this blog...

If you’ve ever taken the leap of starting your own business, you’ve likely experienced an emotional rollercoaster. Your business seems like it’s going well, and you’re on a high one moment. Then you encounter a setback, and you feel low the next moment. And, this...

Cash burn rate is a term startups need to know. It basically shows the average monthly costs or the rate at which your cash is being spent. Why is it important? Because it measures how fast your company is spending the available cash; it helps...

Cashflow. We all have to deal with and manage it, so why is it, that only a few of us can actually do it consistently? Since this is such an important topic for entrepreneurs, we want to start a discussion this week with some tips...

Ready to close your investment round? Five23 can help you close your investment round, no matter what stage.   Built for Startups Since our launch in early 2016, our focus has been you: The Startup. The goal of Five23 is to allow Startups and investors to have a better...

Starting a Financial Forecast Many entrepreneurs struggle to put together the financial forecast for their businesses. However, understanding your business’ financial outlook is a critical component to making sound strategic business decisions; building relationships with potential team members, suppliers and investors; and relieving stress by planning...

The Right Business Idea As an entrepreneurial person, you probably have no shortage of business ideas. It’s not difficult to come up with potentially great business opportunities. But starting a business is challenging and takes significant energy. If you try to develop multiple ideas at once,...

  A Five23 Guest Post by Erik Hayton. Erik is the CEO of Wedding Nook and a 4x Founder who occasionally writes, speaks and consults in areas of entrepreneurship and business development.   How to beat the odds; an honest look at entrepreneurship   If you spend as much time online...