Ahtisham Asif Tantray

Hey everyone! In the previous blog, we discussed the Build-Measure-Learn Feedback Loop . However, we didn't dive deep into Innovative Accounting. In today's blog, we are going to explore the fascinating world of Innovation Accounting. We've already grasped the concept of a successful company's feedback loop. In that it's necessary to check whether our efforts to tune the engine of growth are bearing fruits, in other words, whether we are making progress or not. In the traditional methodology, companies use outdated accounting to check progress. However, the startup world is too uncertain for Traditional Accounting to work effectively. To solve this problem, Innovation Accounting comes into play. To understand the concept of Innovation Accounting, we must know the difference between Traditional Accounting and Innovation Accounting: Disclaimer: If you want to understand this fully, I strongly recommend to check my previous blog* Traditional Accounting: In the conte...