You should do your monthly financials from day one, says Sopero. It gives you the opportunity to adjust the fly plan and also when it's time to go out for investing. The bookkeeping side is something that you don't need to have on your plate, he adds. He recommends using a cloud base company because "the world is digital"
A low-burn rate gives startups the agility they need to succeed and weather unforeseen challenges. Two CEOs join Jason to discuss how founders can make the most of their limited capital. Ben Seidl of Neyborly covers managing burn rate (2:58), Lil Roberts of Xendoo shares the steps needed to maintain financial health, then Jason joins for a Q&A on how to create a slingshot business(48:48), the appropriate level of runway (55:02) & more.