You are young, fiery and ready to take on the world. BUT do you know where your cash is going? Cash is KING! One of the most common mistakes young startups do is blow off cash. There are a few ways to strategize to meet your end goal. If you don’t have control over your cash, you will not understand why you are still not profitable. Do we need to negotiate new payment terms with your supplier? Do you need to look into a line of credit? Are your margins correctly represented? We leave data on the table if we do not have control over our cash.
Are you looking for investors to find you appealing? Are you looking to fundraise? Investors like to see a healthy cash burn.
The industry you are at, current economy trends, business model, and marketing strategy are factors that will influence your ability to operate and maximize your profits, and cash runway.
Depending on where your business is at, you will require a unique approach to your situation. Leave experts like us to crunch the numbers, create the formulas, design the presentation and provide analysis for you to focus on the big picture of your company.
We want to help, let us know how!