Startups need to focus on the Unsexy – It can make or break them

Cash is King! People say. That’s the more true in the startup world than anywhere else. Having cash in your bank account ensures that you can survive and maybe become a Unicorn. Most founders focus on the problem of getting more cash but if they also focus on how they are spending the money they can ensure that they are not overly dependent on external funds. One key tool to monitor your cash is doing bank reconciliations on a regular basis. This is a very boring,time consuming and completely unsexy…

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Think Business Continuity in a Start-up

Events like 9/11 and tsunami hitting Japan after the Tohoku Earthquake in April 2011 have emphasised the importance of planning for business continuity and each new event has forced companies to think about new aspects when planning for business continuity. For example 9/11 made companies sit up and think about offsite storage of key documents and stopping of manufacturing of specialised chips in Japan after the tsunami made companies relook at their supply chains and critical vendors. Ensuring that you can run your business and service customers after a business disruption…

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Risk Management in a Start-up

So you thought of a great idea and have decided to start a new venture. There are almost a million articles on the internet about how to start up, launch your product, acquire customer, raise money etc. I know, because I have been thinking about doing something on my own for about 6 months or more and have read enough of these articles. Being an auditor, I was interested to learn about things that can go wrong and found this one articles (5 Common Startup Mistakes That WIll Sink You…

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