What are some financial management tips for startups?
Start by creating a detailed budget, track your expenses, and separate personal and business finances.
How can I effectively track my expenses?
Use accounting software like QuickBooks or apps like Expensify to categorize and monitor your spending.
What should I prioritize in my budget?
Focus on essential expenses like payroll, rent, and utilities, and allocate funds for marketing and growth.
Any tips for managing cash flow?
Maintain a cash reserve, invoice promptly, and consider flexible payment terms with suppliers.
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