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Muhammed Shafeekh,CMA
CEO at Finanshels.com - Improving financial performance for startups and SMBs with intelligent bookkeeping, tax solutions, and CFO insights.
Muhammed Shafeekh, CMA, is a prominent entrepreneur and finance professional based in Dubai, United Arab Emirates. He is the Founder and Chief Experience Officer at Finanshels.com, a company dedicated to simplifying financial management for startups and small to medium-sized enterprises (SMEs) through innovative technology solutions. His mission focuses on providing tools and resources that enable new founders to manage their finances seamlessly and effectively.13
Professional Background
- Certified Management Accountant (CMA): Shafeekh holds this prestigious certification from the Institute of Management Accountants (IMA), which underscores his expertise in management accounting and financial management.2
- Xero Certified Advisor: This certification indicates his proficiency in using Xero, a popular accounting software, enhancing his ability to assist businesses with their financial needs.2
- Leadership Training: He has also completed a course on foundational leadership principles through Harvard Online, reflecting his commitment to personal and professional development.2
Experience
Before founding Finanshels.com, Shafeekh gained valuable experience consulting for major companies such as Microsoft, HSBC, and Tata. This background has equipped him with a global perspective on financial practices and strategies that benefit businesses in diverse markets.5
Vision for Finanshels.com
At Finanshels.com, Shafeekh aims to address the challenges faced by startups and SMEs in managing their finances. The platform offers tailored accounting systems designed to streamline bookkeeping processes and enhance financial reporting, which is crucial for compliance and strategic decision-making in today's competitive business environment.14
Through his leadership, Shafeekh is making significant strides in transforming how businesses approach financial management, emphasizing transparency and efficiency.
Highlights
People Overcomplicate Fundraising
Listen, if you’re an early-stage founder:
Avoid:
☑ Crafting the perfect pitch deck before having any traction or clear narrative—it’s not about the slides; it’s about the story.
☑ Chasing big-name investors or VCs because they look good on paper. The wrong money can set you back more than no money.
☑ Pitching to anyone and everyone—you waste time with investors who don’t understand or care about your market.
☑ Thinking you need to raise money to validate your business. Funding is fuel, not proof.
Instead:
☑ Focus on building traction—even small wins can be more convincing than a polished deck. Investors want to see real-world results.
☑ Start with small, strategic investors who can add real value beyond capital—introductions, expertise, or opening doors that you can’t.
☑ Be specific about who you pitch to. Do your homework and target investors who align with your industry, stage, and values.
☑ Bootstrap as much as you can to retain control and prove your concept. Funding should accelerate growth, not be a lifeline.
Focus on this for the first 12 months.
Secure the right partners, not just the money.
The Deception of Depreciation: Are We Misleading Investors?
Depreciation—it's a cornerstone of accounting, a method to spread the cost of an asset over its useful life.
But
Does it really reflect the true value of assets, especially in industries where technology evolves at lightning speed?
In the tech sector, where innovation is rapid, assets often appreciate in value or become obsolete faster than ever.
A recent study by MIT revealed that nearly 60% of tech-related assets are either undervalued or overvalued when using traditional depreciation methods.
This misalignment can lead to financial reports that fail to provide a clear picture of a company's health.
What if we rethought depreciation altogether?
Instead of depreciating tech assets over a fixed period, we could re-evaluate them annually based on their current market value.
This approach could offer investors a more accurate view, reflecting the real-time worth of assets.
According to industry data, companies adopting market-based asset revaluation saw a 15% increase in investor confidence due to more transparent reporting.
However, this shift wouldn't come without challenges.
Financial reports might become more volatile, and companies could face pressure to justify fluctuations in asset values.
Yet, in an era where technology drives growth, isn't it worth considering?
The argument for rethinking depreciation is strong—especially for tech-driven industries.
As technology doesn't wear out in the traditional sense but rather evolves, its value shouldn't be diminished simply by the passage of time.
Instead, we should recognize the dynamic nature of these assets.
Is it time to change how we measure asset values, or should we stick with what we know?
I'd love to hear your thoughts on this. Let's discuss whether the way we depreciate technology needs a radical rethink.
#Finance #Accounting #Investing #Innovation #Technology
