The Startup Chat With Steli And Hiten

241: How to Save Money as a Startup (Improve Cashflow)

Informações:

Sinopsis

In today’s episode, Steli and Hiten discuss the various ways startups can remain cashflow positive. You can manage your cash flow by generating more revenue or by simply controlling your expenses. Steli and Hiten stress the value of tracking expenses, deciding what’s worth your money, and how negotiating for those larger expenses can go a long way in staying cashflow positive. They also explain  why long term contracts should be avoided by a startup and how the right mix of common sense and planning can prevent your costs from spiraling out of control. Time Stamped Show Notes: 00:05 – Today’s Startup Chat discusses how you can manage to stay cash flow positive 00:30 – So far, Steli and Hiten have concentrated on how to generate cash 00:51 – Today, we are going to talk about managing cash flow via generating more revenue as well as controlling expenses 01:16 – Two simple steps to save money and improve your cash flow: 01:25 – The first step: know where you are spending it, second step is to determine