{"id":58351,"date":"2021-06-11T14:06:39","date_gmt":"2021-06-11T12:06:39","guid":{"rendered":"https:\/\/blog.euncet.com\/?p=58351"},"modified":"2023-11-29T15:11:47","modified_gmt":"2023-11-29T14:11:47","slug":"finances-per-a-emprenedors-i-empreses-emergents","status":"publish","type":"post","link":"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/","title":{"rendered":"Finances per a emprenedors i empreses emergents"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"El_model_economic_de_les_startup\"><\/span><span class=\"TextRun SCXW162174741 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW162174741 BCX0\" data-ccp-parastyle=\"heading 2\">El <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW162174741 BCX0\" data-ccp-parastyle=\"heading 2\">model<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW162174741 BCX0\" data-ccp-parastyle=\"heading 2\">econ\u00f2mic<\/span><span class=\"NormalTextRun SCXW162174741 BCX0\" data-ccp-parastyle=\"heading 2\"> de les startup<\/span><\/span><span class=\"EOP SCXW162174741 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Una startup com a empresa que est\u00e0 creixent, <strong>necessita fonts de finan\u00e7ament per a finan\u00e7ar les seves inversions i aconseguir el seu objectiu<\/strong> que no \u00e9s un altre que la <strong>rendibilitat<\/strong> d&#8217;aquesta.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u00cdNDEX DE CONTINGUTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #222222;color:#222222\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #222222;color:#222222\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#El_model_economic_de_les_startup\" >El model econ\u00f2mic de les startup\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Burn_rate_el_ratio_que_tota_empresa_emergent_ha_de_considerar\" >Burn rate, el r\u00e0tio que tota empresa emergent ha de considerar\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Consells_a_lhora_de_gestionar_una_startup\" >Consells a l&#8217;hora de gestionar una startup\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#1_Evitar_pivotar_en_exces\" >1. Evitar pivotar en exc\u00e9s\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#2_Posar-se_un_limitde_perdues\" >2. Posar-se un l\u00edmitde p\u00e8rdues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#3_Saber_explicar_el_projecte_en_cinc_minuts_en_les_rondes_dinversio\" >3. Saber explicar el projecte en cinc minuts, en les rondes d&#8217;inversi\u00f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#4_Coneixer_si_lactiu_no_corrent_de_lempresa_es_real\" >4. Con\u00e8ixer si l&#8217;actiu no corrent de l&#8217;empresa \u00e9s real<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Rondes_dinversio_quins_tipus_de_financament_existeixen_en_el_mon_startup\" >Rondes d&#8217;inversi\u00f3: quins tipus de finan\u00e7ament existeixen en el m\u00f3n startup\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Tipus_de_fonts_de_financament\" >Tipus de fonts de finan\u00e7ament<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Com_gestionar_la_relacio_entre_els_fundadors_de_%E2%80%9CStartups%E2%80%9D_i_entre_els_fundadors_i_els_nous_inversors\" >Com gestionar la relaci\u00f3 entre els fundadors de \u201cStartups\u201d i entre els fundadors i els nous inversors\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.euncet.com\/blog\/ca\/finances-per-a-emprenedors-i-empreses-emergents\/#Private_Equity_o_Capital_de_Risc\" >Private Equity o Capital de Risc\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span data-contrast=\"auto\">Per a poder obtenir les fonts de finan\u00e7ament esmentades en el par\u00e0graf anterior i tenint en compte que comen\u00e7a del no-res, <strong>\u00e9s molt important que tingui m\u00e8triques que serveixin d&#8217;orientaci\u00f3 tant per als seus fundadors, com per als potencials nous inversors.<\/strong><\/span><strong>\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Exemple de m\u00e8triques, seria el <strong>volum de vendes que est\u00e0 tenint, el nombre de visites en la seva aplicaci\u00f3 i sobretot l&#8217;evoluci\u00f3 positiva o no<\/strong> de les dues m\u00e8triques assenyalades com a exemples, al llarg d&#8217;un per\u00edode de temps assenyalat.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Cal no oblidar que <strong>les startups sempre neixen d&#8217;una idea<\/strong>, per la qual cosa fa que tinguin una s\u00e8rie de peculiaritats diferenciades i caracter\u00edstiques en relaci\u00f3 a les empreses ja consolidades. Per tant, en les startups \u00e9s molt m\u00e9s rellevant, en els seus inicis, les m\u00e8triques que el EBITDA, BAIT i altres indicadors o r\u00e0tios econ\u00f2mics que s&#8217;apliquen a les empreses ja consolidades.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW125960044 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><strong><span class=\"NormalTextRun SCXW125960044 BCX0\">Et <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW125960044 BCX0\">pot<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW125960044 BCX0\">interessar<\/span><\/strong><span class=\"NormalTextRun CommentStart CommentHighlightPipeRest CommentHighlightRest SCXW125960044 BCX0\"><strong>:<\/strong> <\/span><\/span><a class=\"Hyperlink SCXW125960044 BCX0\" href=\"https:\/\/blog.euncet.com\/ca\/ebitda-ebitdac-que-es\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW125960044 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"none\"><span class=\"NormalTextRun CommentHighlightRest SCXW125960044 BCX0\">EBITDA i EBITDAC: qu\u00e8 \u00e9s i quin impacte t\u00e9 en l&#8217;empresa<\/span><\/span><\/a><span class=\"EOP CommentHighlightRest SCXW125960044 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/05\/Burn-rate-el-ratio-que-toda-empresa-emergente-debe-considerar.png\" alt=\"Burn rate, el ratio que toda empresa emergente debe considerar\" width=\"750\" height=\"300\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Burn_rate_el_ratio_que_tota_empresa_emergent_ha_de_considerar\"><\/span><span class=\"TextRun SCXW183165679 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\">Burn<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\">rate<\/span><span class=\"NormalTextRun SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\">, el <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\">r\u00e0tio<\/span><span class=\"NormalTextRun SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\"> que tota empresa <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\">emergent<\/span><span class=\"NormalTextRun SCXW183165679 BCX0\" data-ccp-parastyle=\"heading 2\"> ha de considerar<\/span><\/span><span class=\"EOP SCXW183165679 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Com a exemple de l&#8217;esmentat anteriorment, en les startups, <strong>es calcula un r\u00e0tio que no s&#8217;aplica a cap empresa ja consolidada que \u00e9s el Burn Rate<\/strong>. Es tracta de <strong>calcular quants mesos de vida li queda a l&#8217;empresa<\/strong> (suposant que en una pr\u00f2xima ronda de finan\u00e7ament ning\u00fa posi diners)<strong> sobre la base del que paga mensualment i el saldo de tresoreria<\/strong>, \u00e9s a dir, si una startup paga cada mes 15.000 euros i el saldo d&#8217;un mes t\u00e9 un saldo en compte corrent 45.000 euros, aquest r\u00e0tio li indica que en situaci\u00f3 normal que li queden tres mesos de vida.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><strong>\u00c9s un r\u00e0tio molt caracter\u00edstic i delimita el temps d&#8217;acci\u00f3 als emprenedors<\/strong> si no obtenen abans del \u201c*deadline\u201d algun avan\u00e7 rellevant del seu projecte.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><strong>Et pot interessar:<\/strong> <\/span><a href=\"https:\/\/blog.euncet.com\/ca\/claus-per-emprendre-un-negoci-digital\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Claus per a emprendre un negoci digital despr\u00e9s de la COVID-19<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><a style=\"font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif; font-size: 16px;\" href=\"https:\/\/blog.euncet.com\/claves-emprender-negocio-digital\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/05\/Consejos-a-la-hora-de-gestionar-una-startup.png\" alt=\"Consejos a la hora de gestionar una startup\" width=\"750\" height=\"300\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Consells_a_lhora_de_gestionar_una_startup\"><\/span><span class=\"TextRun SCXW24575493 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW24575493 BCX0\" data-ccp-parastyle=\"heading 2\">Consells<\/span><span class=\"NormalTextRun SCXW24575493 BCX0\" data-ccp-parastyle=\"heading 2\"> a <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW24575493 BCX0\" data-ccp-parastyle=\"heading 2\">l&#8217;hora<\/span><span class=\"NormalTextRun SCXW24575493 BCX0\" data-ccp-parastyle=\"heading 2\"> de gestionar una startup<\/span><\/span><span class=\"EOP SCXW24575493 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Evitar_pivotar_en_exces\"><\/span><span class=\"TextRun SCXW144974958 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW144974958 BCX0\" data-ccp-parastyle=\"heading 3\">1. Evitar pivotar en exc\u00e9s<\/span><\/span><span class=\"EOP SCXW144974958 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:280,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">Cal ser conscients que <strong>una startup \u00e9s un projecte din\u00e0mic<\/strong> que pot anar <strong>adaptant-se als feedbacks que es van obtenint en les diferents fases de validaci\u00f3, per\u00f2 cal vigilar amb no pivotar en exc\u00e9s.\u00a0<\/strong><\/span><strong>\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Per tant, \u00e9s molt important escoltar molt b\u00e9 els \u201cfeedback\u201d per\u00f2 no \u201cpivotar constantment\u201d (que significa anar canviant l&#8217;enfocament inicial del projecte), ja que si el projecte dona un gir de 180 graus, el normal \u00e9s que el projecte sigui irrecognoscible tant per als seus fundadors com per als inversors i excepte honroses excepcions, l&#8217;\u00fanica cosa que s&#8217;haur\u00e0 aconseguit \u00e9s dilatar temps i perdre m\u00e9s diners en un projecte que no era viable econ\u00f2micament.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Posar-se_un_limitde_perdues\"><\/span>2. Posar-se un l\u00edmitde p\u00e8rdues<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">\u00c9s evident que <strong>quan neix una nova empresa pot ser rendible o no<\/strong>, el m\u00e9s important en aquest tipus d&#8217;empreses \u00e9s p<strong>osar un l\u00edmit tant de temps de llan\u00e7ament<\/strong>, com a sobretot un l\u00edmit de p\u00e8rdues m\u00e0ximes.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Si escoltem emprenedors d&#8217;\u00e8xit, tots reconeixen els projectes en els quals han triomfat i en els projectes que \u201ctamb\u00e9 han triomfat\u201d sabent-se retirar a temps, \u00e9s a dir, una vegada obtingut un l\u00edmit de p\u00e8rdues. <strong>Aquestes retirades a temps els han servit per a incrementar la credibilitat abans els inversors<\/strong>. Ja que han prioritzat la visi\u00f3 econ\u00f2mica de l&#8217;empresa als seus \u201cegos\u201d.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Saber_explicar_el_projecte_en_cinc_minuts_en_les_rondes_dinversio\"><\/span>3. Saber explicar el projecte en cinc minuts, en les rondes d&#8217;inversi\u00f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span class=\"TextRun SCXW236406157 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">Aquest<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">consell<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">\u00e9s<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">molt<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">m\u00e9s<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> \u00fatil del que a primera vista sembla, ja que, en <strong>determinades rondes <\/strong><\/span><strong><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">d&#8217;inversions<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\">, <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">els<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">emprenedors<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">estan<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">asseguts<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> en <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">taules<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> i <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">tenen<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> cinc <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">minuts<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> per a explicar a <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">cadascun<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SpellingErrorHighlight SCXW236406157 BCX0\">dels<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">potencials<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">inversors<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> les <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">seves<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">principals<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">l\u00ednies<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">negoci<\/span><\/strong><span class=\"NormalTextRun SCXW236406157 BCX0\"><strong>.<\/strong> Per <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">experi\u00e8ncia<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">pr\u00f2pia<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> en un 30% <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">dels<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> casos <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">quan<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">t&#8217;has<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">aixecat<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">d&#8217;escoltar<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">l&#8217;emprenedor<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> no <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">pots<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> saber si el <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">projecte<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">interessa<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> o no, ja que <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">l&#8217;emprenedor<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> ha <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">estat<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">incapa\u00e7<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">transmetre&#8217;t<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">quin<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">\u00e9s<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\"> el <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">seu<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW236406157 BCX0\">projecte<\/span><span class=\"NormalTextRun SCXW236406157 BCX0\">.<\/span><\/span><span class=\"EOP SCXW236406157 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Coneixer_si_lactiu_no_corrent_de_lempresa_es_real\"><\/span>4. Con\u00e8ixer si l&#8217;actiu no corrent de l&#8217;empresa \u00e9s real<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-contrast=\"auto\">\u00c9s una <strong>pr\u00e0ctica bastant habitual<\/strong>, la de comptabilitzar dins de l&#8217;actiu no corrent (intangible) totes les despeses necess\u00e0ries per al desenvolupament de l&#8217;aplicaci\u00f3. Aquest criteri comptable t\u00e9 sentit si l&#8217;aplicaci\u00f3 t\u00e9 viabilitat econ\u00f2mica, en cas contrari el que ocorre en aquesta empresa \u00e9s que t\u00e9 actius sobrevalorats, ja que s&#8217;han activat despeses d&#8217;un projecte fallit.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><strong>Et pot interessar<\/strong>: <\/span><a href=\"https:\/\/blog.euncet.com\/ca\/decaleg-bon-financer\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Dec\u00e0leg per a ser un bon financer<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/05\/Fuentes-de-inversion.png\" alt=\"Fuentes de inversi\u00f3n\" width=\"750\" height=\"300\" \/><\/p>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Rondes_dinversio_quins_tipus_de_financament_existeixen_en_el_mon_startup\"><\/span><b><span data-contrast=\"auto\">Rondes d&#8217;inversi\u00f3: quins tipus de finan\u00e7ament existeixen en el m\u00f3n startup<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span class=\"TextRun SCXW111371279 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW111371279 BCX0\">Les <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">fonts<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">finan\u00e7ament<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> inicial de les startups, es basen en les <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">inversions<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> de les famoses tres FFF: <\/span><strong><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">familiars<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> (<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">Family<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\">), <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">amics<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> (Friends) i <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">els<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">coneguts<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> (<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">Fools<\/span><\/strong><span class=\"NormalTextRun SCXW111371279 BCX0\"><strong>).<\/strong> Si el <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">projecte<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">avan\u00e7a<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\">, <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">existeixen<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">l\u00f2gicament<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\">, <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">altres<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">tipus<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">fonts<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\"> de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111371279 BCX0\">finan\u00e7ament<\/span><span class=\"NormalTextRun SCXW111371279 BCX0\">:<\/span><\/span><span class=\"EOP SCXW111371279 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tipus_de_fonts_de_financament\"><\/span>Tipus de fonts de finan\u00e7ament<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 aria-level=\"4\"><b><span data-contrast=\"auto\">Privades<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:240,&quot;335559739&quot;:40}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Els <strong>inversors canalitzen els seus diners cap a nous projectes sobre la base de diferents criteris<\/strong>, a tall d&#8217;exemple:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Serietat contrastada dels emprenedors.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Empatia del potencial inversor amb el tipus de projecte presentat per l&#8217;emprenedor.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Calibri\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Segons l&#8217;estat del projecte, hi ha inversors que prefereixen entrar des de l&#8217;inici del projecte, mentre un altre tipus de perfil d&#8217;inversor prefereixen entrar (encara que hagin de pagar m\u00e9s diners) quan el projecte comen\u00e7a a ser rendible o ja es veu la rendibilitat molt a prop.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<\/ul>\n<h4 aria-level=\"4\"><b><span data-contrast=\"auto\">P\u00fabliques<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:240,&quot;335559739&quot;:40}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\"><strong>Existeixen moltes institucions i empreses p\u00fabliques dedicades a finan\u00e7ar projectes<\/strong> d&#8217;emprenedors, com pot ser el <\/span><a href=\"https:\/\/www.icf.cat\/ca\/inici\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Institut Catal\u00e0 de Finances<\/span><\/a><span data-contrast=\"auto\">,<\/span><a href=\"https:\/\/www.enisa.es\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\"> ENISA<\/span><\/a><span data-contrast=\"auto\">, <\/span><a href=\"https:\/\/www.cdti.es\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">CDTI<\/span><\/a><span data-contrast=\"auto\">, <\/span><a href=\"https:\/\/www.barcelonactiva.cat\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Barcelona Activa<\/span><\/a><span data-contrast=\"auto\">, entre altres.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Encara que cada instituci\u00f3 p\u00fablica t\u00e9 la seva filosofia en la manera de finan\u00e7ar projectes als emprenedors, en l\u00ednies generals es pot afirmar que <strong>les institucions p\u00fabliques aportaran com a m\u00e0xim el mateix import que el desemborsat pels emprenedors.<\/strong><\/span><strong>\u00a0<\/strong><\/p>\n<h4><span class=\"TextRun SCXW36853637 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SpellingErrorHighlight SCXW36853637 BCX0\" data-ccp-parastyle=\"heading 4\">Mecenatge<\/span><\/span><span class=\"EOP SCXW36853637 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:240,&quot;335559739&quot;:40}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\"><strong>Grans companyies compten amb programes d&#8217;apadrinament de projectes<\/strong> (acceleradores d&#8217;empreses). A m\u00e9s d&#8217;aportar finan\u00e7ament, ofereixen estades durant un temps determinat, per a finalment presentar-lo a inversors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aquests projectes que arriben a estar sota el paraigua del mecenatge <strong>per a poder ser triades han de passar uns filtres molt r\u00edgids ja que el n\u00famero de les empreses que passen a la \u201cacceleradora\u201d \u00e9s aproximadament un dos per cent de les empreses que s&#8217;han presentat.<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2021\/05\/Como-gestionar-la-relacion-entre-empresas-emergentes-e-inversores.png\" alt=\"C\u00f3mo gestionar la relaci\u00f3n entre empresas emergentes e inversores\" width=\"750\" height=\"300\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Com_gestionar_la_relacio_entre_els_fundadors_de_%E2%80%9CStartups%E2%80%9D_i_entre_els_fundadors_i_els_nous_inversors\"><\/span><span class=\"TextRun SCXW260349413 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">Com<\/span><span class=\"NormalTextRun SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\"> gestionar la <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">relaci\u00f3<\/span><span class=\"NormalTextRun SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\"> entre <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">els<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">fundadors<\/span><span class=\"NormalTextRun SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\"> de \u201cStartups\u201d i entre <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">els<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">fundadors<\/span><span class=\"NormalTextRun SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\"> i <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">els<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SpellingErrorHighlight SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">nous<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW260349413 BCX0\" data-ccp-parastyle=\"heading 2\">inversors<\/span><\/span><span class=\"EOP SCXW260349413 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:360,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Un tema molt rellevant que els emprenedors en general no tenen en compte al moment d&#8217;iniciar la seva aventura empresarial, \u00e9s deixar el m\u00e0xim nombre de temes totalment aclarits, \u00e9s a dir,<strong> signar un Pacte de Socis que reculli totes els drets i obligacions que t\u00e9 cada emprenedor en relaci\u00f3 a l&#8217;empresa.<\/strong><\/span><strong>\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">A m\u00e9s, <strong>aquest pacte ha de contemplar les cl\u00e0usules de Drag Along i Tag Along, mecanismes de dret d&#8217;arrossegament o d&#8217;acompanyament en cas que hi hagi algun interessat a comprar l&#8217;empresa \u00edntegrament.\u00a0<\/strong><\/span><strong>\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Amb un Pacte de Socis ben detallat s&#8217;evitaran m\u00faltiples conflictes entre els emprenedors. Quan els potencials inversors s&#8217;acosten a un nou projecte els dona molt confort que els emprenedors ja tinguin signat un Pacte de Socis. Ja que \u00e9s molt m\u00e9s senzill i r\u00e0pid discutir amb els emprenedors un retocs o modificacions al Pacte de Socis d&#8217;acord amb les necessitats o peticions dels nous inversors si el Pacte de socis existeix, que si no n&#8217;hi ha.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Private_Equity_o_Capital_de_Risc\"><\/span><span class=\"TextRun SCXW13354544 BCX0\" lang=\"ES\" xml:lang=\"ES\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW13354544 BCX0\" data-ccp-parastyle=\"heading 3\">Private<\/span> <span class=\"NormalTextRun SpellingErrorV2Themed SCXW13354544 BCX0\" data-ccp-parastyle=\"heading 3\">Equity<\/span><span class=\"NormalTextRun SCXW13354544 BCX0\" data-ccp-parastyle=\"heading 3\"> o Capital de <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW13354544 BCX0\" data-ccp-parastyle=\"heading 3\">Risc<\/span><\/span><span class=\"EOP SCXW13354544 BCX0\" data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:280,&quot;335559739&quot;:80}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>El Private Equity \u00e9s tradu\u00eft com a capital de risc<\/strong>, quan s&#8217;hauria d&#8217;haver tradu\u00eft per Capital Privat. Aquesta mala pr\u00e0ctica comporta que <strong>quan a molts inversors els ofereixen un producte de \u201cCapital de risc\u201d tingui una aversi\u00f3 tremenda a posar diners en aquest tipus d&#8217;empreses<\/strong>, quan en totes les empreses hi ha risc, ja que en qualsevol empresa pot tenir beneficis o p\u00e8rdues. Per\u00f2 la denominaci\u00f3 allunya en molts casos la possible inversi\u00f3.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><strong>Algunes societats de capital de risc canalitzen l&#8217;estalvi dels inversors comprant empreses de diferent sector per a diversificar el risc.\u00a0\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Normalment, <strong>aquestes empreses si ja estan consolidades s\u00f3n comprades per un m\u00faltiple del seu EBITDA<\/strong>, amb la idea de vendre-les dins d&#8217;un per\u00edode entre cinc a set anys per una quantitat molt superior. <strong>Les empreses comprades en un espai curt termini de temps i dins d&#8217;un mateix fons formen part de la denominada \u201cafegida o vintage\u201d<\/strong> i, evidentment, hi ha anyades molt millors que unes altres.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A m\u00e9s les societats de capital de risc, <strong>quan compren empreses es q\u00fcestionen, en tots els \u00e0mbits<\/strong>; (comercial, marketing, finances, legal), <strong>la qual cosa l&#8217;empresa feia fins a aquell moment<\/strong> i en general <strong>obtenen una millora substancial en totes les \u00e0rees organitzatives.<\/strong><\/span><strong>\u00a0<\/strong><\/p>\n<p><strong>Et pot interessar: <\/strong><a href=\"https:\/\/blog.euncet.com\/consejos-control-gestion-financiera-en-crisis-webinar-noelia-hurtado\/?\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">Consells per al control de gesti\u00f3 financera en \u00e8poca de crisi, webinar a c\u00e0rrec de No\u00e8lia Hurtado<\/span><\/a><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aquestes reflexions d<\/span><strong><a href=\"https:\/\/www.linkedin.com\/in\/armand-bover-de-soto-3293a114\/\" target=\"_blank\" rel=\"noopener noreferrer\">&#8216;Armand Bover<\/a><\/strong><span data-contrast=\"auto\">, director del<\/span> <a href=\"https:\/\/www.euncet.com\/ca\/executive-education\/mba-barcelona\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">postgrau en Direcci\u00f3 Financera<\/span><\/a><span data-contrast=\"auto\"> de l&#8217;Euncet Business School, formen part de la<strong> Xerrada ON: \u201cFinances per a emprenedors\u201d.<\/strong><\/span><strong>\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/www.euncet.com\/ca\/executive-education\/postgrau-direccio-financera\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58353 size-full\" src=\"https:\/\/blog.euncet.com\/wp-content\/uploads\/2023\/02\/5-PDF-H-1.gif\" alt=\"\" width=\"750\" height=\"200\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>El model econ\u00f2mic de les startup\u00a0 Una startup com a empresa que est\u00e0 creixent, necessita fonts de finan\u00e7ament per a finan\u00e7ar les seves inversions i aconseguir el seu objectiu que no \u00e9s un altre que la rendibilitat d&#8217;aquesta.\u00a0\u00a0 Per a poder obtenir les fonts de finan\u00e7ament esmentades en el par\u00e0graf anterior i tenint en compte [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":50153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[451],"tags":[],"class_list":["post-58351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finances-i-comptabilitat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finances per a startups, errors i consells a tenir en compte | Blog Euncet<\/title>\n<meta name=\"description\" content=\"Burn rate? 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