Financial Management: Create a budget, manage expenses diligently, and maintain a keen eye on cash flow.
Financial Management: Create a budget, manage expenses diligently, and maintain a keen eye on cash flow. Maintain at least 12 months of runway (cash in your bank account to run operations). Invest in tools so that you can track your metrics and analyze them to help you in decision-making. Xero, a cloud-based accounting software for small and medium-sized businesses, and Freshbooks, an accounting software, are a few examples.