Brian Bourquard: The Strategic Finance Behind Building Great Tech Companies

Consider the first tech companies that come to your mind. Most likely, the first thing that comes to mind is their innovative products. The key element that most people tend to overlook is strategic finance. This feature has to do with the management of a company’s financial resources, which helps encourage growth and longevity within the business. Now, let’s look at how this aspect of business strategy plays a vital role in building successful tech companies. How Does Strategic Finance Work in Tech Companies? Strategic finance is the process of managing a business's finances in a manner that aligns with the overall objectives and goals of the company. In the technology sector, this means providing money to R&D, scaling the business, or even entering new geographical markets. This allows tech companies to continuously innovate for the sake of competition. The Importance of Strategic Finance in Tech Startups In strategic finance, every milestone has its significance. Esp...