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5 Key Financial Management Strategies for New Startups

During the early days of new business ventures, cash outflow is abnormally high, while cash inflow is barely there. As such, managing finances can be quite difficult without proactive planning. I have seen many new startups shut down within the first six months of operation simply due to lack of effective financial planning and management. Based on my experience, I am sharing below 5 key financial management strategies that will help new startups stay afloat through the initial rough period.
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