YoungUpstarts
DECEMBER 16, 2019
Most small businesses use cash accounting because it’s the easiest way to track cash flow. Since transactions are recorded at payment, you can track your cash position without adjusting the dates for your bills or invoices. Each type of accounting solution, details a distinction in cost and involvement.
YoungUpstarts
APRIL 16, 2020
Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? If you answered “no” to #2, you need to scramble to get cash in time for #3. What are my top 3 costs? Conversely, you may be able to save money by bringing in marketing, bookkeeping, or warehousing.
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Up and Running
JUNE 9, 2020
So, if you’re doing a ton of business, but your customers are slow to pay on their invoices, you might still have cash flow problems. Reviewing vendor pricing, eliminating frivolous expenses, and investing in time-saving tools are typical cost-cutting efforts you’re likely revisiting on a monthly, quarterly, and annual basis.
Feld Thoughts
NOVEMBER 18, 2013
Convertible debt financings have become an increasingly attractive approach for seed rounds because it delays the valuation discussion, costs less from a legal standpoint, and is an easier financial instrument to “keep raising more small amounts of money” on. The year would have been a full year, not just 7-9 months.
Startup Professionals Musings
DECEMBER 30, 2016
Some experts have tied this market to location detection hardware (GPS), but even that is now pervasive on all smart devices. Entrepreneurs don’t realize that Facebook spent over $100 million, before revenues from advertising turned cash positive. Business founders need deep pockets for this model.
YoungUpstarts
SEPTEMBER 27, 2019
One relatively pain-free step you can take early on is to review your vendors and make sure you’re not missing cost-cutting opportunities. You may have had the same vendors for a long time and not thought to negotiate lower prices or look around and see whether lower costs for similar products are being offered elsewhere. Lease Terms.
Up and Running
APRIL 6, 2020
You need cash in the bank to operate, to pay employees, and to keep the doors open. If you’re out of cash, you’re out of business. In times of crisis and uncertainty, understanding your cash position is even more important. Reduce or cut expenses: Can you trim marketing expenses?
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