Fundraising isn’t the end-goal
Should a business bootstrap or raise external financing?
There is a time and place for either strategy, but what we’ve noticed is that startups tend to fixate on the latter.
Some believe that once they’ve raised enough money, everything’s going to be okay. But while raising capital definitely helps, it shouldn’t be the end goal of a business.
Working with someone else’s cash gives business owners a sense of confidence and accountability. But there are many things bootstrapping can teach founders.
In fact, it’s quite common in Australia for business owners to bootstrap.
They have credit card limits of $30,000 to $50,000 – enough to run their businesses on personal credit. That’s very risky. But in the process, founders become more disciplined and thoughtful about where they spend their cash.
At the end of the day, it isn’t just about raising the funds, because a business isn’t about going from fundraising to fundraising. It’s about being able to achieve a goal, such as acquiring new markets or launching proprietary products, with that cash.
Start with insightful financial reporting
Learning to use and understand the powerful reports inside Xero are critical to the overall success of your small business. The management team at Notch Above are able to work with you to customise advanced Xero financial reports, while identify strategies to increase your cash flow or setup your annual budget. Read more or call us today on 1300 015 130.
Related reading
Source Xero
Trackbacks & Pingbacks
chubby gay dating, nyc https://speedgaydate.com/
gay chat cam chat https://gay-buddies.com/
100% free gay chat line https://gaytgpost.com/
gay dating richland, wa https://gaypridee.com/
free gay/bi chat https://bjsgaychatroom.info/
gay dating sites yahoo answers https://gayfade.com
gay men dating sites https://speedgaydate.com
palm springs ca mature gay bisexuak dating https://gayprideusa.com
gay christian dating indiana https://gay-buddies.com
adam4adamn gay dating https://gaypridee.com
good chat to meet gay bimarried https://bjsgaychatroom.info
2colonist
paraphrase essay https://vpn4home.com/
how to write a good essay https://thebestvpnpro.com/
analysis essay https://tjvpn.net/
essay proofreader https://topvpndeals.net/
i believe essay examples https://choosevpn.net/
learning critical thinking skills https://uncriticalthinking.com/
critical thinking in business https://criticalthinking2020.net/
critical thinking worksheets https://criticalthinkinginstitute.com/
critical thinking book pdf https://criticalthinkingbasics.com/
write analysis essay https://howtowriteessaytips.com/
reflective essay on writing https://yoursuperessay.com/
pay someone to write my essay https://topessayswriter.com/
writing a cause and effect essay https://anenglishessay.com/
keto karma https://ketogenicdietinfo.com/
bingo casino online marc lugtenber https://conline-casinos-hub.com/
no deposit sign up bonus online casino https://casinogamesmachines.com/
free sex games for kids https://cybersexgames.net/
writing a good essay https://essaytodo.com/
writing an essay intro https://multiessay.com/
argumentative essay writing https://student-essay.com/
write persuasive essay https://dollaressays.com/
writing essay for college https://buy1essay.com/
online casino bonus no deposit https://casinoonlinek.com/
bonus casino no deposit https://casinoonlinet.com/
free bonus no deposit https://casinosonlinex.com/
free cash bonus no deposit casino https://onlinecasinoad.com/
top usa online casinos https://onlinecasinos4me.com/
best online casinos usa https://online2casino.com/
Comments are closed.