Tuesday, November 5, 2024
HomeStart ups8 Things You Ought To Know in Your StartUp First Year

8 Things You Ought To Know in Your StartUp First Year

D. Manage your money wisely.

Most CEOs believe their startup is going to rocket to success. And most CEOs are wrong.

The classic saying I like to remember is “It takes twice as long as you think it will and twice as much money too.”

The reality is your success and getting to cash flow positive might take even longer than twice as long. So manage your money wisely.

Spend on the things you absolutely have to spend on like top talent, but save money where you can save.

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Also read:  3 Marketing Strategies Every Business Owner Can Learn from King of Boys
SourceBrett Fox
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