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Financial Control
The company you cofounded last year is growing rapidly and has
strong prospects for an IPO in the next year or two. The additional
capital that an IPO could raise would let you hire the brightest people
in the industry and continue to innovate with new product research.
There is one potential glitch: You and the rest of the executive team
have been so focused on launching the business that you haven’t paid
much attention to financial control. You’ve had plenty of funds from
venture capitalists and early sales, so working capital hasn’t been a
problem, but an experienced CEO in your industry recently told you
that you’ll never have a successful IPO unless you clean up the
financial side of the ho