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Category: Finance

MamelodiBiz > Blog > Finance

5 Tips To Improve Financial Management For Startups

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5 Tips To Improve Financial Management For Startups – You’ve found your billion-dollar idea and started a new business. You’ve gathered your founding team, and you’ve even landed your first few customers. But how should you manage your income and expenses to stay legally compliant, secure venture capital funding, and set up your business to scale?  ‍ Most founders and business owners don’t have a finance or accounting background, and it often doesn’t make sense to hire a full-time finance manager for a new startup. As a result, financial management for startups can seem like a complex and daunting responsibility.…

7 Financial Planning Tips for Startups

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7 Financial Planning Tips for Startups – If you fail to plan, you plan to fail. That old adage really rings true when it comes to financial planning for startups. One of the biggest mistakes you can make as a founder is trying to “wing it” with your finances. Taking the time to create a financial plan will: Make you think more strategically about growth Help you prepare for all the ups and downs of running a startup Make it easier to fundraise Give you more confidence about the day-to-day decisions you make Trust us, the value you’ll get from…

Monthly Accounting Checklist: Your Go-To Guide

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Monthly Accounting Checklist – If you’re like many startup founders, the bookkeeping chores that accompany building a successful business take time and energy away from the more important tasks that require your attention. One of the most common stumbling blocks for startups and small businesses—specifically when it comes to bookkeeping and accounting—is properly closing the books at the end of the month. This is especially true for companies that don’t have established accounting systems or month end close procedures in place. So, what can you do to make your startup’s month end close less of a hassle? The answer to…
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