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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

by Ryan Stevens, head of operations for Clutch. 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.

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How to Manage Cash Flow With Accurate Cash Flow Forecast

Up and Running

Why is cash flow management important? Businesses operate on cash. By cash, I don’t really mean physical coins and bills, but money in your bank account that you are able to spend. How to manage cash flow. Know your cash position. Why your cash flow forecast goes out of date.

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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. Focus on operating efficiencies. Do it again. Is it enough to cover payroll? When is the next payroll due?

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

YoungUpstarts

In business, growth is a big deal, especially when you think about this: Most businesses cease operations and shutter their doors before ever really hitting their stride. But by year 10, just one-third remain in operation. Manage cash flow. At my company, our cash position is reviewed every week, come rain or shine.

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How to Improve Cash Flow

Up and Running

Virtually all businesses need equipment, facilities, and property to operate; whether they should buy or lease those items is another question. If your business is strapped for cash, you might want to consider leasing equipment and renting retail or office space rather than buying it outright. Maintain your cash flow.

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How Much Funding Should You Raise?

Up and Running

You hire more staff than you need, become inefficient with operations, or move to bigger offices. Operating lean should be the mantra of all businesses. The temptation to spend the extra money you have can result in you burning through a large amount of cash with a disproportionate amount of progress and value to show for it.

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

Feld Thoughts

A review of the cash position, burn rate, and execution plan would have revealed there was not enough cash on hand to nail the pivot while leaving 3-6 months of time in market before raising again. A discussion around overall business viability, time to market, and capital impact would have ensued.

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