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Introducing Growth Goal Feature: Elevate Your Business Ambitions with Ease!

As the famous saying goes, “If you fail to plan, you plan to fail.” This sage advice rings true for your business as well. Setting clear, achievable goals and continuously tracking your progress towards them can be the key to your success. Imagine having a growth target that you review daily, with each step of your progress visible in real time. This strategy can increase your chances of achieving that goal tenfold.  The team at Metric, with their extensive experience in running businesses and mentoring business owners, understands this critical requirement. That’s why we’re thrilled to bring you a feature that makes this essential step even more accessible. Metric now lets you set a growth rate and allows you to monitor your progress towards that goal with every income entry. The dashboard provides a continuous visual representation of your progress, not only motivating you to succeed but also ensuring you stay on the right track. It offers transparency of growth to all parties involved, creating a shared vision for success. How does it work? Unlock the magic of Growth Goals with these simple steps: Head to dashboard and tap on the growth goal to set your sales target Select the sales target percentage you’re aiming to achieve for the month. Metric instantly calculates the number of orders required to hit your growth goal, providing you with a real-time visual on your progress. With each new order you record, watch the required number of orders decrease, keeping you motivated and informed every step of the way. Benefits: This feature is designed to elevate your business ambitions and thus achievements: Set clear growth targets for your business and watch them come to life. This boost keeps you motivated and on track, helping you stay focused. Metric delivers instant updates to your sales targets as income flows in. Gain immediate insight into your progress, allowing you to compare months where you achieved your target with those where you fell short. This data analysis will help you discover which strategies, campaigns, or processes bring the best results. Stay on course with your growth plans, making it easier to take action. When you can see your progress all the time, it’s like catching problems before they get big.  Imagine the sense of accomplishment as you reach your growth goals with the support of Metric’s Growth Goal Feature. It’s a game-changer, and it’s right at your fingertips. Ready to take your business to new heights? Dive into the app now and embrace the power of hassle-free growth tracking. Your business dreams are just a tap away!

Introducing Growth Goal Feature: Elevate Your Business Ambitions with Ease! Read More »

Introducing Partial Payments

Do you struggle with tracking partial payments from clients? Are you tired of the headaches caused by untimely payments and the hassle of keeping track of upcoming deposits? We know the feeling. Late, delayed, or partial payments can be a real headache, especially when you’re trying to keep your records organised. And let’s be honest here, Businesses hardly go as planned and payments are often not made on time when dealing with a wide range of diverse clients. But what if we told you that you can wave goodbye to all that stress with an all-new partial payment feature on Metric?  Experience a new level of simplicity and ease in managing your payments. Metric is here to revolutionise the way you do business and make accounting a breeze. No more queries about how to record partial payments or keep track of upcoming deposits. With this update, you can now mark payments as fully or partially paid with just a few clicks. How to add partial payments to your Metric account?  Adding partial payments to your Metric account has never been easier. Simply insert the income details and mark the payments as required. If a payment is received partially, simply enter the amount received, mark it as partially paid and don’t worry about messing up your records. Once the full payment is received, add the remaining amount in the activity screen and set your records straight.  How helpful is this partial payment update?  The beauty of the partial payment feature on Metric lies in its convenience and accessibility. No more waiting to be at your desk to update your payments. With the on-the-spot and instantaneous nature of this feature, you have the freedom to manage your payments whether they’re partial or full, with just a few clicks, from anywhere, at any time. No more waiting until you’re back in the office to update your records, Metric has got you covered.  With the Metric’s partial payment feature, you can rest assured that your payments will always be up-to-date. Say goodbye to the worries of missing out on payments, forgetting to update your records, or mismanaging your finances. Metric helps you keep track of everything, giving you peace of mind and making your business dealings effortless. You’ll have a clear and organized overview of all your payments, allowing you to stay on top of your finances and making sure nothing falls through the cracks.  Say goodbye to the headaches of partial payment tracking and hello to effortless and flexible payment management! Upgrade your business dealings today!

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What is a “Cap table” and what mistakes should you avoid?

Here is everything you need to know about creating a cap table for your Pakistani startup, and the three mistakes that all new businesses should avoid. When you’re starting a new business, there is a lot to consider. Gathering capital, selecting investors, and hiring employees are all essential activities for new startups. However, it is important to be cognizant of your funds, assets, capital, and fair market values. Many new Pakistani business owners dive in head first without taking a minute to organize their finances. However, taking a step back to create and maintain an accurate cap table can prevent a lot of trouble in the long-run. What is a Cap Table? A capitalization table, commonly referred to simply as a cap table, is a list of all the securities your company has issued and who owns them. Securities include common equity shares, preferred equity shares, stock, convertible notes, warrants, and equity grants.  In the simplest terms, a cap table is a record of who owns what inside of your business, including stock, shares and assets. Typically, a cap table will include the following information: Names of shareholders Number of shares (both common and preferred) Fully diluted shares Percent ownership Stock class Price per share Value At the same time, the capitalization table will also show a breakdown of the total number of shares in the company, including: Authorized shares Outstanding shares Unissued Shares Shares reserved for stock option plan Having a neat and organized cap table is very useful. Firstly, it is used to show investors before they put any money towards your company for their due diligence. It also makes valuation of your business and its financial position much easier. By maintaining a neat and organized cap table, you can see how many shares you have available in your option pool at any given time.  It prevents you from overselling or underselling shares. Cap Table Mistakes to Avoid Now that you understand what a capitalization table is, and its importance for your Pakistani startup, let us take a look at the major cap table mistakes that every new business should avoid. 1. Not Regularly Maintaining the Table As a rule of thumb, you should update your capitalization table any time there is a chance in the stock ownership of your company. Failing to maintain this record in real time can create a lot of confusion and headaches down the road. To avoid this mistake, update your cap table after any of the following events: Financing Liquidity changes Employee grants Option exercises Employee termination 2. Not Using Proper Software Tools When you first start out, it may seem simple enough to maintain the record on a standard Excel spreadsheet. However, as your business grows there will be many financing changes, and manually maintaining the table will become too difficult. Therefore, you should look into getting a proper software tool early on. This will allow you to automatically update the table whenever there are changes, and will reduce the risk of inaccuracies. 3. Entering Inaccurate Information We cannot stress enough on how important it is to enter complete, accurate information in your capitalization table. Failure to do so can cause a lot of wasted time tracking down the correct information in the future. Therefore, be very conscious of entering true and accurate information. This includes correct financial information, as well as complete shareholder names and data. Need more help with drawing up a capitalization table? We can help you! Here at Metric, we offer the best virtual CFO, financial modeling, valuation, accounting & taxation, investor due diligence, and policy control design services. Contact us now!

What is a “Cap table” and what mistakes should you avoid? Read More »