Tetiana Naidysh’s Post

I spent hours studying the Financial Models so that you don’t have to. Here are 3 ingredients that will turn your Startup into a financially sound venture: 1. Budgeting and Tracking The number one thing you need from budgeting and tracking is control over your numbers. Secondarily, you need an understanding of your expenses and revenues. Combine both for a better understanding of your financial standing. 2. Projections and Valuation On the other hand, you want to avoid assumptions where your financial projections are unrealistic. The classic example is overestimating sales and underestimating costs. Use realistic estimates, and then adjust them according to your actual performance. 3. Planning and Allocating Startup finance is as dynamic as it gets, so planning and allocating resources wisely is very important. Start by identifying your necessities, and then allocate your budget until you achieve a balanced financial situation. Don’t splurge on unnecessary expenses, but also don’t skimp on essential investments. As a Founder, it's essential that you understand your numbers and stay on top of them. Do you have a financial model in place for your startup? How often do you track your numbers? #startup #entrepreneurs #financialmodels #budgeting #projections #planning

Startup Founders do you find yourself making these mistakes? 1. Spending money on the wrong things, such as: Expensive office space Action: Your clients will care more about the quality of your service and the solutions to their problems than the look of your office. For you: Spend money on tools that will help you grow startup. For example a good tracking and analytica system that will help you to manage your projects and keep the communication channels between you and your clients, staff and suppliers open. 2. Going over board with hiring/ recruiting staff Before working out the real cost in time and money For you: As a Startup Founder you will wear many hats, which could engender feelings of overwhelm, or panic in some cases. Action: Breathe, take a fresh look at what is needed now and create a plan of action that include priorities for delivering your services with some timescales, and agreed delivery dates, that you can meet as a sole trader. This will make things much more manageable, incurring less costs for you as a sole trader at the start of your business. 3. Operating with uncertainty about who you want to serve and not visible to your customers/clients. For you: Clarity is pivotal. Do you know what business you're want to create, and how you're going to start and grow the business? Action: The steps you're going to take must be known and recorded in a way that is clearky laid out, and accessible. This will make all the difference as it will serve as your roadmap for navigating your business journey. These mistakes can be avoided with the realisation that everything will be new when you start your business. While growing your Start-up your greatest achievement will be in developing flexibility, resilience and confidence in your ability to grow your business. Most importantly always get help with the things you find most challenging. #startup #startupfounders #businessactivities #businessgrowth #goals

How to balance focus between product dev and finances as an entrepreneur? When working with techpreneurs on strategy, I always ask this - how do you balance your passion with your bank account? 🧐🧐 I see in their eyes that they are in a crossroad between the two, and often the answer is easy and they refuse to look in the mirror and admit it. How do you balance between the heartbeat and the lifeblood of the business? The "strategy" is about crafting a sustainable path for growth and innovation. Paying attention to the delicate balance between capital structure, fundraising, and cash flow management. Without funding, rather if it's revenues or equity raise, even the most groundbreaking products will fail. (Remember Better Place, Theranos, Jawbone) Make a budget, it's your compass. Remember that Budgeting is not just about tracking expenses; it's about setting priorities and making informed decisions that align with short and long-term objectives. (Slack, Airbnb, Zoom all succeeded due to great financial strategies as a leading factor) Investors love seeing well thought out excel sheets 📈. They dont really read them, they just glance through to see inconsistencies. In other words - are these guys a worthy investment, managed by a team that understands the importance of financial health and risk assessment. This confidence can be the difference between securing the next round or eat Mc🍔 for lunch for the next couple of months. Startups are risky business, and financial planning is a critical tool for mitigating these risks. It's a game of anticipation, taking risks and being frugal, all in one go. In other words- you want to go 200 m/h in an F1 on a nearly depleted gas tank for as long as you can 😎 To be frugal with words, good founders understand that the focus on money is not a distraction from product development; it is an essential component of it. All they need more of is business acumen - transform your innovative ideas into sustainable businesses. By mastering the crossroad of budget, development and show me the money attitude, tech startup founders can ensure less stress and more freedom to build amazing stuff that will actually withstand the test of time. How do you balance your heartbeat with lifeblood ? #entrepreneurship #future #futurism #management #success #funding #investments #startups #innovation #fakeitormakeit #technology Image by Myriams-Fotos from Pixabay

3 Essential Tips to Mitigate Cash Flow Issues in Your Startup ! As a startup founder, maintaining a healthy cash flow is critical to your business's survival and growth. Here are three practical steps to help you manage cash flow issues effectively: 1. Closely Monitor Expenses 📉 Keep a keen eye on every penny that goes out of your startup. Regularly reviewing your expenses helps you identify unnecessary costs and opportunities for savings. Use financial tracking tools to streamline this process, ensuring you stay on top of your spending. This proactive approach can prevent financial surprises and keep your budget in check. 2. Negotiate Favorable Payment Terms with Vendors 💼 Building strong relationships with your vendors can give you leverage when negotiating payment terms. Aim for extended payment deadlines or discounts for early payments. These favorable terms can significantly improve your cash flow, giving you more flexibility to allocate funds where they are most needed. 3. Establish a Financial Buffer for Unforeseen Challenges 💡 Prepare for the unexpected by creating a financial buffer. Set aside a portion of your revenue each month into an emergency fund. This buffer will act as a safety net, allowing you to navigate unforeseen challenges without jeopardizing your startup’s operations. Implementing these strategies will help ensure your startup remains financially resilient and ready to tackle any cash flow challenges that come your way. Stay proactive, negotiate wisely, and always have a financial cushion to secure your startup’s future. 🌟💡 Follow for more @abhisheksengupta2006 #StartupTips #CashFlowSolutions  #Entrepreneurship #ExpenseManagement #StartupFinance #VendorRelations #CashFlowManagement #FinancialPlanning #abhisheksengupta

Estimating startup costs can be a daunting task for aspiring entrepreneurs. When it comes to business planning, revenues are speculation, but controlling costs is where you can make real impact. Investors and banks care most about your ability to manage expenses—because that's something you can control. Here’s how I recommend approaching startup costs: ➡️ Identify your top 3 expenses: These will likely be the largest drivers of your costs. Get detailed quotes early—even before you have the money in hand. For example, if you’re developing an app, talk to app agencies now. Get a timeline, a cost estimate, and then add at least a third to that figure for a buffer. ➡️ Do a gap analysis: Who do you need on your team to execute your plan? Research market rates, account for these hires, and don’t underestimate. Sometimes equity negotiation can help, but base your estimates on real data. ➡️ Plan for the unexpected: Most businesses won’t break even until after two years. Leave yourself a cushion for mistakes and surprises along the way. Runway is everything. If you can show that you understand cost drivers and control them, you’re already on your way to building a more sustainable business.

Planning ahead in business sucks. It never goes to plan, there's always 101 variables, its impossible to know where to start. Especially when you have multiple income streams, or project ideas, or costs involved. It is never simple. Running a business never is simple, that's the joy of it. But being able to predict how much profit a new venture or idea might make you is really pretty useful as a small business owner. That's why we created a calculator to help you plan these things out. It prompts you for all the key things you need to be considering when trying to work these things out so you can stick the numbers into the calculator and see if your new idea might be the million pound one. Or usually in my case, realise that the hours I'd need to put into the idea make it worthless. Sounds super handy right? Its only £7.50 so I'd say it would be silly not to buy it. #smallbusinessuk #startupuk #accountantuk #sidehustle

Budgeting: The Unsung Hero of Startup Success As a startup founder, you're likely juggling a million things at once. But amidst the chaos of product development, fundraising, and marketing, there's one crucial aspect that often gets overlooked: budgeting. 📊 A well-defined budget isn't just about tracking expenses; it's your roadmap to financial stability and sustainable growth. Here's why it's paramount for your startup's success: Forecasting and Planning: A budget provides a clear picture of your financial runway, allowing you to anticipate challenges and make informed decisions about spending and resource allocation. Resource Optimization: By identifying unnecessary expenses and areas where you can cut costs, you can free up valuable resources to invest in growth initiatives. Attracting Investors: A solid budget demonstrates financial discipline and a clear understanding of your business's financial health, making you more attractive to potential investors. Performance Measurement: Tracking your actual spending against your budget allows you to identify variances and take corrective action to stay on track. Reduced Financial Stress: Knowing where your money is going can significantly reduce financial anxiety and allow you to focus on what you do best: building an amazing company. Don't let budgeting take a backseat. Invest the time to create a comprehensive budget and review it regularly. It's one of the most important things you can do to set your startup up for success. 🚀 #startups #budgeting #finance #entrepreneurship #growth #success

3 Financial Tips That Can Make or Break Your Startup Starting a business is tough, and managing your money right from the start is crucial. Here are three practical financial tips to help your startup succeed. 1. If you pay your suppliers too quickly, it can hurt your cash flow. Try negotiating for longer payment terms. For example, instead of paying in 30 days, see if you can extend it to 60 days. This gives you more time to manage your cash better. 2. Budgets can quickly become outdated, especially in a fast-moving startup. To stay on top of your finances, update your financial forecasts regularly, like every month or quarter. This helps you keep track of your money and adjust your plans based on real-time data. 3. How you mix debt and equity (borrowed money vs. investor money) affects your financial health. Make sure you’re not relying too much on loans or investors. Find a balanced mix that supports your growth without straining your finances. By negotiating better terms with vendors, keeping your forecasts up-to-date, and balancing your funding, you can avoid common pitfalls and set your startup up for success. Have these tips helped your startup? Share your thoughts in the comments! #finance #startup #management #funding #entrepreneurship

Estimating startup costs can be a daunting task for aspiring entrepreneurs. When it comes to business planning, revenues are speculation, but controlling costs is where you can make real impact. Investors and banks care most about your ability to manage expenses—because that's something you can control. Here’s how I recommend approaching startup costs: ➡️ Identify your top 3 expenses: These will likely be the largest drivers of your costs. Get detailed quotes early—even before you have the money in hand. For example, if you’re developing an app, talk to app agencies now. Get a timeline, a cost estimate, and then add at least a third to that figure for a buffer. ➡️ Do a gap analysis: Who do you need on your team to execute your plan? Research market rates, account for these hires, and don’t underestimate. Sometimes equity negotiation can help, but base your estimates on real data. ➡️ Plan for the unexpected: Most businesses won’t break even until after two years. Leave yourself a cushion for mistakes and surprises along the way. Runway is everything. If you can show that you understand cost drivers and control them, you’re already on your way to building a more sustainable business. Please Add in comments if am missing something Qazi Nauman Mujahid and Aleena Nadeem.

3 Strategies To Save Money As A Startup Founder As a startup founder, you're probably all too familiar with the phrase "cash is king." Starting a business is fun, but every penny counts. Here are 3 proven strategies to help you stretch your startup dollars: 1. Embrace the Bootstrap Mentality:  Before seeking external funding, exhaust your own resources. Get creative and prioritize essential expenses. Remember, many successful companies started in garages and basements! 2. Barter and Negotiate: Don't be afraid to haggle with suppliers, vendors, and even landlords. You'd be surprised at how often you can get a better deal by simply asking. 3. Optimize Your Spending: Track every expense, no matter how small. Utilize free or low-cost tools and software whenever possible. Small savings can add up to big gains over time. Bonus Tip: Invest in your team. A motivated and talented team is your most valuable asset. Even with a tight budget, find ways to invest in their development and well-being. It's about being smart with your limited resources. --- Interested in building products smarter and faster? 👇 Follow Samir Sakanovic If you need my help to build your MVP, DM me "MVP".