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. Research and development. Do it again. Count 6 things in the room around you: computer, a glass of water, my bookkeeper looking panicked….
Up and Running
JULY 27, 2020
There are three parts of a successful cash flow management system that you need to know in order to build a healthy business. Know your cash position. You can’t start managing cash without first knowing your immediate cash position. Understand your cash flow statement. Develop your cash flow forecast.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Up and Running
JUNE 9, 2020
If you’re bleeding money and can’t improve your cash flow, the fact that you “own” a piece of equipment or office space is no longer an asset. Develop new marketing campaigns to boost sales. You likely don’t even need to develop a brand new campaign to do this. Maintain your cash flow.
YoungUpstarts
OCTOBER 16, 2016
Manage cash flow. At my company, our cash position is reviewed every week, come rain or shine. This top-of-mind awareness and intentionality with our cash keep us agile and enable us to take on new opportunities. Clarify and document expectations through a simple letter of understanding. Hell or high water.
Feld Thoughts
NOVEMBER 18, 2013
One of them used to be a lead developer at [insert hot consumer tech company here]. Early customer development talks are going great which keeps the team really excited. At month six, one of the early hires leaves, a developer who turns out wasn’t a good fit. Three months in, the burn is now at $70k/month.
Up and Running
AUGUST 8, 2018
Most importantly, we review our cash position and cash flow. What does our cash flow forecast look like for the next few months? As we learn more about our customers and our market, we might shift strategies and develop new milestones. Did all product lines perform well? Or did some underperform?
Up and Running
JUNE 21, 2013
There are a series of “levers” in your business that will affect your cash position. You need to develop a data-based culture. It’s important to develop a strategic and financial plan and track it on a regular basis, as opposed to a doing a long written document that you use once and stick in a drawer.
Expert insights. Personalized for you.
172 
Let's personalize your content