Cash is the lifeline of any business, but for startups, that lifeline is more important than ever. One screw up in the financial department, and there may not be a resuscitation. Without a proper financial plan, there’s no way you’ll be able to continue to see growth, no matter how great of a product you have or service you have.
Even the best of businesses will eventually reach their demise if they don’t take heed of best financial practices for startups. An estimated 90% of startups fail. To avoid becoming another startup statistic, here are five financial mistakes to avoid:
1) Moving At A Slow Pace
Startups are characterized by their ability to run lean, agile machines. Small businesses that run like slow corporations can run out of money––fast. It may be tempting to take the “slow and steady” approach when you’re just launching, but running the business that way for too lon
5 Financial Mistakes To Avoid With Your Startup
Working from home can be an amazing thing. You’ll get to avoid those early morning chats by the coffee machine, being pestered by your boss, and you’ll be able to avoid that stressful commute every morning and evening. If you do decide to work from home, you’ll need a place to work which is separate from the rest of your home, and allows you to work without being distracted by anything. This is why many people have opted to build their own office in the garden, and here’s how you can too… Planning permission If you want to build an office with a bigger area than 15m2, you will need to consult your local authority for some planning permission. You will most likely need to follow some simple regulations such as the location and fire safety when you come to build the structure so make sure to check with the relevant people. Choosing the right size Once you’ve gained the accepta Building Your Garden Office From The Ground Up
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