5 smart ways to look after your business’ finances
Finance & Funding
Key learnings
- When you’re starting up a new business, you have to keep a close eye on your finances even if you have access to an accountant.
- If you can meet clients and customers remotely, then you might be able to do without a dedicated office as the overheads for this are significant.
- In order to make billing work, it's best to create a conveyor-belt system where you know exactly when an invoice goes out, when it should be paid by, and when it hits your account.
So, you've started your own business. It's an amazing thing to do and it gives you the chance to show the world just how good you are, and to make a mark on your industry. The challenge of course, is managing your finances effectively while you’re trying to get up and running. In this article, UMi partner Transmit Start Ups shares some effective steps you can take to alleviate the stress of handling your money.
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