StartUp: Managing your startup's cash flow during a crisis
New Delhi, July 1 -- Cash has always been the blood of any successful business. Managing cash for a startup efficiently has always been a pathway to create a prosperous business. But like any business, start-ups also have issues in managing cash in its initial years. However, in the times which we are witnessing due to COVID-19, the entire economic system and supply chain is paralyzed. The acute cash crunch has become a concern for every next startup.
As per Crunchbase, 29% of startups have shut down had run out of cash. And that's the second most common reason for failure in start-ups. Mind it that this startup shut down due to cash flow issues only, and nothing else. The times when businesses are down or even shut for months, it's hard...
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