Ateneo Professor on Entrepreneurship
Cash flow management is fundamental in running a business, especially a start up. Running out of cash is the cardinal sin in business - that is being bankrupt.
There are four tips on how to manage your budget like a pro (ours took almost 25 years before we made a sense out of it.)
l. Use off the shelf software like Dinero, Expenser, Freshbooks;
2. Ask around (the experts or business friends
3. Hire outside help
4. Overestimate (dam management) your expenses
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