Keeping Control of Cash

Topic 

Keeping Control of Cash

Requirements 

What are some best practices when it comes to keeping control of cash in a new starter business? Name at least 5 concepts using internet sources?

Answer Preview 

Statistics have revealed that most startups fail because they run out of money. Paying close attention to cash flow will make new startups realize their full potential in due time. There are different ways of managing cash flow in new startups hence giving business owners an opportunity for success. Calculating the burn rate is one of the best ways of managing cash flow in a new startup business. In order to maintain a handle on cash flow, the owners of startups need to understand the burn rate right from the start. In essence, the new startup gross burn rate is the amount of money spend every so as to keep the business operating.

Word Count: 300