Key Learnings from todays session on Managing Funds in Startups at #Indore: 1. Its always good to have a little debt as per your bearing capacity. 2. Even if you have funds, its good to borrow some. 3. Having Gross Profit is a good sign of progress in business although the net profit can be negative. 4. Cash Flow should always be positive and thus Cash Flow statement should be periodically studied. 5. Its normal to start with money borrowed from family or friends initially for two years. Then you can approach banks or other sources for loans based on your accounting statements. 6. Ratio Analysis keeps you informed about which direction your startup is heading to. #Startup #Funding
Posted on: Fri, 21 Nov 2014 18:05:57 +0000
Trending Topics
Recently Viewed Topics
© 2015