The article provides tactical tips for startup founders to effectively manage their cash flow. It emphasizes the importance of disciplined bookkeeping to prepare for investor reviews and understand the runway of the business. The article suggests establishing rules for credit card use, vendor receipts, expenses, and fraud prevention, along with implementing consequences for errors. It advises leveraging free services, negotiating payment terms with vendors, invoicing quickly, and charging for trials to generate revenue and improve cash flow. Good financial hygiene and spending habits are highlighted as crucial factors for success. Overall, the article emphasizes the significance of managing cash flow wisely to ensure the longevity and prosperity of startups.
Startup Cash Flow Management Tips By Liam Fairbairn
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