Working Capital Management: The Key to Business Success
As a critical aspect of financial management, working capital management is a focal point for businesses seeking to improve cash flow, reduce costs, and enhance profitability.
As a critical aspect of financial management, working capital management is a focal point for businesses seeking to improve cash flow, reduce costs, and enhance profitability.
To survive and grow, startups need employees with specific skill sets to help steer the company through such challenging periods. These skill sets are over and beyond the candidate's core technical/domain skills.
Understanding of burn rate and cash runway is critical for founders because it allows them to make informed decisions about their company's financial health and future.
A business risk assessment identifies, analyzes, and evaluates potential risks that may jeopardize the company's financial, operational, and public relations disciplines. Market risks, financial risks, legal risks, operational risks, and, finally, strategic risks must all be assessed.
A 'Startups funding winter' is a period and situation in which there is a lack of funding and investment in startup ecosystems. Startup entrepreneurs must have basic strategies to keep them warm and afloat in rough waters.
Startups are always sandwiched between suppliers who follow up continuously for payment on one side and customers who postpone the payment for multiple reasons on the other side.
Even a casual reader of finance publications would have noticed the dominance of discouraging news about startups in 2022. A few themes …