5 cash flow management best practices for startups

Your goal with your startup is to make money, right? This is why it's so important to keep money in the bank moving in and out in a healthy manner. If you want your startup to succeed, you'll have to manage your cash flow with finesse. This can be difficult for new business owners especially when it comes to keeping tabs on your burn rate. In fact, not paying enough attention to your cash flow can result in startup failure. Even if you are profitable, or you've raised a lot of capital, things ca...
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10 budgeting tips to keep your business costs down

Cash flow is the lifeblood of any small business and running out of cash is one of the top reasons for startup failure. Understanding your burn rate—how much you spend each month to keep the business going—helps you manage your cash flow. And while startups need to pay extremely close attention to their burn rate because they may take years to become profitable and need to know how long their funding will last, every small business owner needs to be diligent about their operating costs. To help ...
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How to (actually) get paid for your work

As a freelancer, delayed payments can wreak havoc on your cash flow. Maintaining a healthy cash flow is crucial for the survival of any business and the smaller the business, the more vulnerable it is to financial distress. Chasing overdue payments, or taking action over unpaid invoices, can be time-consuming, stressful and costly. And freelancers often feel uncomfortable chasing up overdue payments with clients. In this blog post, Lindsey Peacock shares some top tips for getting paid on time an...
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How to prevent a cash flow crisis in your business

Managing your cash flow effectively is essential for your business to thrive. And for many companies it's the key to their survival. Startups and small businesses are especially vulnerable to cash flow problems. Since you can't control what you can't measure, you need to be aware of—and anticipate—all inflows and outflows of money. In this article, Rieva Lesonsky explores how to find financing to boost your cash flow, and how to prevent cash flow crises with a simple 3-step process to get your c...
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4 startup funding challenges and how to overcome them

Although starting a new business is one of the most exciting and rewarding endeavours you can undertake, it can also be fraught with challenges. And one of the first challenges is how to fund your start up costs. To get your new venture off the ground, you'll need to create a scalable business model, determine how much money you need, find the right funding option—each of which has its advantages and disadvantages—and plan carefully to make sure you spend the money wisely. In this article, Vivek...
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Cash flow management: Techniques and tools

Cash is the lifeblood of any small business. You need to constantly monitor how much cash is flowing in and out of the business to make sure you're not spending more money than you have coming in. And if you can't manage your cash flow within the first year, it's unlikely you'll survive the second year. To help you understand and track cash flow, Saige Driver shares some top tips from experts on what cash flow is and why it's important, how to project your cash flow, how to address shortages, an...
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10 most common business models to make a profit

As an entrepreneur, you need to know how you're going to keep cash flowing into the business. Cash inflows from loans, investments, or your own contributions come with strings attached; they have to be paid back. So the only cash you can use without strings attached comes from profits. And unless they have deep pockets, "even non-profits have to be cash positive," says business advisor Marty Zwilling. Here, he shares here some of the pros and cons of the most common business models to help you c...
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How to prevent cash flow problems

Startups and small businesses are especially vulnerable to cash flow problems. Although profit making is essential for growth and sustainability, cash flow management is critical for a startup's survival and even a profitable and growing business can go bankrupt if it runs short of cash. Entrepreneurs don't always keep a close eye on cash flow and many small businesses fail because of poor cash flow management .As an expert in helping businesses to overcome cash flow problems, Carl Faulds s...
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A visual guide to financial statements for your business (infographic)

Financial statements aren’t just essential for keeping track of your company’s income, cash flow, assets and liabilities, they provide an instant snapshot of your company’s overall financial health and this can be crucial when it comes to applying for funding or loans and planning for the future, writes Rose Leadam. To help you get started, she shares here a visual guide to your financial statement with a breakdown of the balance sheet, income statement and cash-flow statement. [ Read the full a...
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5 small financial mistakes that can lead to a major cash crisis

Starting a new business takes up so much of your time and energy that you may let your control over finances slip a little. While they may only be small mistakes now, if neglected they can build up over time until they reach crisis level. Holistic wealth expert Leanne Jacobs shares here some of the lessons she learned during her first few years of entrepreneurship to help you avoid making the same mistakes and suffering long-term consequences. [ Read the full article on entrepreneur.com ] 
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