Financial Mistakes That Kill Startups in Their First 5 Years (And How to Avoid Them)

* Burn Rate

* Cash Runway

Customer Acquisition Cost (CAC)

Customer Lifetime Value (LTV)

EBITDA

Working Capital Ratio

Accounts Receivable Days

Solution : BudgetMaccha builds finance dashboards to monitor the essential financial KPIs in real-time, helping the leadership team take quick decisions.

10. Considering Finance as a Compliance Function : The biggest blunder that many startups commit is to look at finance merely as filing taxes and complying with laws and regulations.

Finance teams of today help in making strategic decisions, help with fundraising, profitability and efficiency. Companies with organized finance function make better decisions, raise money and grow smoothly without any hitches.

Solution : Instead of having an in-house finance team from day one, startups can hire experts in finance and leverage their scalability.  BudgetMaccha allows to focus on product development while the finance experts handle budgeting, reporting, automation, governance, compliance and financial planning.

Conclusion