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The startup ecosystem thrives on innovation, agility, and the relentless pursuit of growth. However, navigating a startup through difficult times can be exceptionally challenging. With the current economic climate marked by macroeconomic uncertainties, stringent fundraising conditions, and lower valuations, many startups are facing short runways and insufficient metrics to attract new funding rounds. Are you a founder in a similar situation? This article explores practical strategies that can help increase your runway and keep your startup afloat during these turbulent times.

Starting a new business is an exciting venture, but it is also full of risks. Entrepreneurs often have to deal with unexpected challenges and navigate complex environments, financial constraints, and market uncertainties. Managing these risks is a crucial part of running a successful startup. The role of a chief financial officer (CFO) of a startup is to help identify, evaluate, and manage these risks effectively. In this article, we will discuss some of the most common risks that startups face and how CFOs can help mitigate them.

Many startups experienced difficulties in raising follow-on investments. In addition, the economic downturn resulted in slower sales cycles and difficulties to accomplish sales and profitability targets. In such an environment, even the best performers should focus on their financials to ensure they have a clear strategy towards improved cash management, higher efficiency and sustainability.

Raising interest rates, diminishing risk appetite among investors and uncertainty in the financial industry are all putting extra pressure on startups to achieve more with less. The environment where you could grow regardless of costs, has come to an end. Many entrepreneurs are facing difficulties raising next rounds or venture debt, while looking at depleting cash reserves. So far, 2023 has been defined as the year when runway and cash burn would be in the epicentre of startup survival and success. 

You think managing a SaaS company is a challenging endeavor? Well, managing the financials of a SaaS business is even more challenging.

Multiple business specifics complicate financial management and reporting of a SaaS venture. Yet, it is exactly financial management that often makes the difference between a successful business, attracting investments and a failing venture, burning cash on unsustainable actions.

As the COVID-19 outbreak developed gradually, organizations are experiencing or anticipating considerable operational, financial, and liquidity challenges. Although we all know that the outbreak will end and the world will get back to “normal” at some point, it’s going to be a while.

When starting a business, you want to take advantage of every opportunity to be successful. Unfortunately, many startups fail because they aren’t able to keep up with the day-to-day tasks of running a business.

The current unprecedented health and economic crisis poses a challenge to many companies to make reasonable forecasts for their business in the next 2021.
At the same time, the planning process, especially in times of crisis, is crucial and has a decisive role in evaluating the organization.