?? 7 Commandments of Startup Finance
TLDR? Here's how to keep control of your money

?? 7 Commandments of Startup Finance

Startup founders have many things to worry about. What if customers don't engage with their product? What if we get the market timing wrong? What if a huge competitor sweeps our market share?

Ultimately, most of these things pale into comparison with the daily worry of, "What if I run out of money?"

Now really, there are many reasons why this can happen. But at the core of it, it comes down to being mindful and prudent over your startup's finances. This certainly isn't rocket science: in fact, it comes down to a number of fairly simple but important processes that can lay strong foundations for your business to thrive.

In the latest Startup Bulletin, our finance team, CFO Emma-Jane Willan & Finance Manager Simon Wheeldon CA , boil this down to Seven Commandments of Startup Finance. Their golden rules include:

  1. Optimise for cash in the bank at all times?
  2. Finesse your cash flow
  3. Build and lean on a robust financial model
  4. Understand the three principles of treasury management
  5. Diversify your treasury
  6. Outsource where possible
  7. Don’t let your taxes be taxing

?? You can read the full unedited version in the latest Startup Bulletin here


Also in this week's Startup Bulletin

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