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Nine Ideas for Financial Success

Washington Post
Alex CastelliIn an exclusive August 21, 2011 Washington Post interview, Reznick Group Growth Markets practice leader Alex Castelli discusses financial and accounting "best practices" for entrepreneurial/growing companies. As a former entrepreneur himself, Castelli understands the financial challenges and opportunities faced by these companies.

"I got a big dose of entrepreneurship over four years," Castelli said. "When I see a guy trying to raise capital and get a bank to finance his business, I know what he is going through."

Based on his own client experiences, Castelli provides growth-minded companies with nine ideas for financial success. These are:

  1. Be proactive on financial matters.
  2. Don't forget your accounting department.
  3. Stick to your idea.
  4. Innovate.
  5. Be good to your investors.
  6. Borrow money while times are good.
  7. Know when to delegate on the financial side.
  8. Interview accountants and lawyers as if you're hiring employees.
  9. Know when to sell.

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