Startups Treasury management should be top of mind for startup...

Treasury management should be top of mind for startup founders • ukbusinessupdates.com

-

- Advertisment -

Liquidity is yours lifeline of the company. This gives you a fighting chance to achieve your vision, but if you run out of money, you’re headed for ruin.

It’s no secret that the funding environment for startups isn’t what it was a year ago. As interest rates have risen, debt has become more expensive and the bar for securing it has only increased. According to CB Insights’ latest State of Venture reporttotal venture capital funding fell 34% in the third quarter of 2022 compared to the previous quarter.

The fundraising environment isn’t getting any easier, putting even more pressure on founders and startup teams to make the most of their current cash reserves. Treasury management is one way to do that.

Whether you need to extend the runway you’ve secured so far or just close an extension, here are a few reasons why treasury management should be at the top of your priority list as a founder and what you can do today to get on with it get started if you haven’t already.

Your office space isn’t the only thing that affects your runway

Your cash reserves mean nothing if you can’t access them in time to pay your current expenses.

Inflation has made everything more expensive, which means your current cash reserves won’t go as far as they did a few years ago.

Shreya Christinahttps://ukbusinessupdates.com
Shreya has been with ukbusinessupdates.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider ukbusinessupdates.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Transform organizations one emoji at a time

View all on-demand sessions from the Intelligent Security Summit here. How did we go from mentioning emojis that are inappropriate...

Save $93 on this mini AI robotic arm and software

Disclosure: Our goal is to provide products and services that we believe you will find interesting and useful. ...

Who is Instagram star with 1 million followers Natalia Rivera? wiki

 Who is Natalia Rivera?Natalia Rivera was born on April 25, 1989 in Puerto Rico....

Check out these emulated calculators on the Internet Archive

The Internet Archive calls this new collection the calculator drawer. There are 14 calculators to choose from, including...
- Advertisement -

Jessica Fernandez- Wiki, age, height, net worth, boyfriend

Jessica Fernandez is a well-known American Twitch broadcaster, content producer, Youtuber, social media influencer, media face, gamer and entrepreneur....

VC funding for Black web3 founders surfaced last year, against trends in • ukbusinessupdates.com

Much hope remains after the crypto winter almost froze the sector: the Luna crash, the bankruptcy of Celsius and...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you