dcsimg

Career Story: Vice-President Of Finance At A Start-Up

Vice-President Of Finance At A Start-Up

Job Title: VP Finance And Administration

Education: BCom, McGill University

Previous Experience: Project Manager Financial and Expense Manager I worked for a startup for some time in Finance and eventually started a company on my with a partner of which I am the VP Finance.

Job Tasks: The company I work for is in the digital pen and paper business. It is revolutionary technology because of the advantages it brings when used properly. Digital pens contain small infrared cameras, as well as a standard ink nibs. They are similar in size to fountain pens. Digital paper is ordinary paper with a pattern of dots. Digital pens record precise location and motion to capture data.

We are a small start-up so my day includes everything from doing the day to day company financials (invoicing and collections, accounting, banking, financial statements, etc.) to proposals to customers (lead follow-up, trade-shows, closing and negotiating deals). I deal with our suppliers (negotiate better deals, make sure inventory is available, find better chains of supply) and general corporate duties (state and federal requirements such as filings and taxes, legal issues, insurance, facilities, etc.) and investor relations (looking for and dealing with potential and existing investors, stock ledgers, negotiate terms of investments, etc.)

Each day brings new things, since we are small we may have to change plans to deal with new things that arise at a moment's notice. I may be traveling at a trade show all day and when I check my email that night after finally getting back to the hotel, there might be an email from a lead saying they are close to signing a deal and they just need certain information. Of course, you would deal with such a thing right away, not wanting to lose potential business. I might go into the office planning to catch up on some accounting, for example, a month might have just ended and I want to do my bank and account reconciliations and close the month, but if a supplier calls to let me know there is a back-order on digital pen, then I'll need to jump into action to find alternate sources to make sure I can fulfill my customer's orders.

Best and Worst Parts of the Job: The best part is the independence of being the company founder allows me to have flexibility in doing what I need to do, both at work and at home. The variety of tasks also keeps the work interesting.

The worst part is that it is incredibly difficult to make a company succeed from scratch, especially when you consider that luck is a factor in early success.

Job Tips:
1. If you want to start your own company, try to work first for a start-up or two so you can get a good idea of what might make a new company succeed or fail.

2. Be careful with your company money and treat it as you would your personal money. Do not be stingy, but remember that economic cycles can change quickly and if you practice smart finance during good times, you'll be better prepared for bad ones.

3. If you are overwhelmed with too many things to do, think of which items will improve the company's sales, and start with those.

4. Seek out good people. Whether they are your employees, partners, suppliers, or customers - good, honest people will make your life more enjoyable and your job easier. Treat others the way you would want to be treated because you never know when the shoe might be on the other foot.

Popular Schools offering Finance Programs

quickinfoClick the Visit School Site buttons to go directly to a school's website and learn more about the school and programs it has to offer. School website will open in a new tab. .

Click the Request Info buttons to request more information from a representative at the school

Matching School Ads

Earn your graduate degree online with Northcentral University.

  • Programs: Financial Management - PhD in Bus. Admin., Financial Management - D.B.A., Advanced Accounting - PhD in Bus. Admin., more...
  • Degrees: Doctorate, Master

Congratulations! Your interest in Independence University is an important first step toward changing your life. A career-focused degree is the key to a career with a potentially higher income, better benefits, and more satisfaction.

  • Programs: Business Management & Accounting (AAS), Accounting (BS), Business Administration (BS), more...
  • Degrees: Associate, Bachelor
San Joaquin Valley College
Bakersfield, Delano, Fresno, Hanford, Lancaster, Madera, Ontario, Temecula, Visalia

San Joaquin Valley College - A Private Junior College.

  • Programs: Certificate - Business Administration (Accounting), Degree - Business Administration (Accounting) , Certificate - Business Administration (Management), more...
  • Degrees: Certificate, Associate

Since 1977, Keiser University has provided quality student-centered, career-focused education.

  • Programs: Master of Business Administration, MBA - Accounting
  • Degrees: Master
Argosy University
Ontario, Orange, Phoenix, San Diego

Welcome to Argosy University

Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges:  College of Behavioral Sciences, Graduate School of Business and Management, College of Education,  College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.

  • Programs: Business Administration - Finance (BS) (Online), Business Administration - Accounting (BS) (Online), Business Administration (BS) (Online), more...
  • Degrees: Bachelor, Associate

#1 Best Online College

 

Northern Arizona University understands the need for flexibility in your learning journey.

  • Programs: Small Business Administration - BBA
  • Degrees: Bachelor
National Career College
Panorama City

Choosing a school and a new career path can be a very overwhelming process.

  • Programs:
  • Degrees:

Pursue your education at Ohio Christian University.

  • Programs: Master of Business Administration, Associate of Arts in Business - Agribusiness
  • Degrees: Master, Associate

Saint Mary's University of Minnesota's Online Master's Programs

At Saint Mary's, we take pride in offering online graduate degrees designed to complement the schedules of working adults like you. Get an affordable, convenient education from a top-ranked university that's grounded in real-world applications.

  • Programs: Master of Science in Accountancy
  • Degrees: Master

Get hands-on training with Brookline College. We offer diploma and degree programs in the areas of health care, business, nursing, criminal justice, paralegal, and computer security.

  • Programs: Associate of Science - Business
  • Degrees: Associate
Matching School Ads
You are visiting:

Find a school near you

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Financial Managers, including:

Back to Top