Financial startup basics are essentials that startups need to know to ensure their financial health and secure the funding needed for growth. Without these basics nine out of 10 startups fail. Cash flow is the main reason. Startups that don’t know how to monitor and forecast cash flow will be unable manage its budget or invest in growth.
The most important accounting records for startups like income statements (revenue and expenses) and financial projections are essential to demonstrate the viability of your business plan to investors. These models must be meticulously constructed to accurately reflect the true economics of your company as well as cost that are easy to overlook such as shipping, taxes and insurance, processing fees, and utilities.
If traditional lenders aren’t an option family and friends may offer financing to startups in the beginning. In this scenario however, it’s important to have terms of the loan written down to ensure there are no conflicting the repayment obligation or future performance expectations.
Startups may also look for venture capital from an investor from the private sector or crowdfunding platforms such as Kickstarter. These types of funding typically require a business strategy, which includes a detailed financial forecast. You can gain a better understanding of your company’s finances by constructing a model. This will allow you to make informed decisions on how much capital to put into and what strategic goals you want to achieve over the next year.
लेखक परिचय
प्रस्तुत कथा 'सुकुलगुण्डाको कहानी' हामीले गोरखापत्रको १९६९ साल माघ ८ गते सोमबारको अंकबाट साभार गरेका हौं । करिब एकसय आठ वर्ष पुरानो कथामा लेखक परिचय खुल्न नसकेको कारण यसलाई हामीले लेखक परिचयमा अज्ञात लेखक भनेर उल्लेख गरेका छौं ।
