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What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

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. Startups in rapid growth mode are not cash-efficient, but simple business changes can add weeks or months of runway. Do it again.

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Containing Growth Chaos: Five Things To Do When Your Company Is On The Upswing

YoungUpstarts

By Bryan Miles, CEO and co-founder, Miles Advisory Group, Inc. 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. Hell or high water.

Cofounder 100
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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

The investors, founders, and “community” are all super excited about ASC. Every now and then, investors are told things are going great and the founders are really excited about what they are doing. Oh, and the email says the founders will be in touch to discuss another round of funding since there are only 2 months of runway left.

Burn Rate 152
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a16z Podcast: Growth in Turbulent Times

Ben's Blog

In the fallout from the pandemic, most founders and CEOs are in the process of completely revamping their growth models from the bottom up amid new and unpredictable consumer behavior. ” And I think, specifically for founders who are probably listening to this, the category data is interesting but it’s actually not that helpful.

Founder 36
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Is your CFO a bookkeeper or a strategist?

Berkonomics

Here’s one that most small company founders and CEO’s miss until it may be too late. That may seem extreme to many a founder or CEO, but it serves a purpose. We members of the board never saw, (never asked) and the CFO never mentioned the balance sheet and cash position. How about co-strategist?

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8 Challenges To Overcome In The Growth Of Hyperlocal

Startup Professionals Musings

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. I still hear often the dream of a free service to users, supported by advertising, per the Facebook model.

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If it can be counted, the CFO owns it.

Berkonomics

Looking at it that way, there is a check and balance for all departments and individuals ordering materials of any size that affect the cash position and profitability of the company. We never saw, and he never mentioned the balance sheet and cash position. rampant spending or uncoordinated purchasing.