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5 Financial Mistakes To Avoid With Your Startup

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

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