Running Operations In A Startup

The number one problem that startups face has been spending too much money. The solution is simply spend less money. Pay yourselves less. Get a crappier office. Just suck it up and use less money. This is the number one way you can extend your runway. And that’s 100 percent dependent on you. The second thing is look at how much you spend every month. It’s very simple just go to your bank account download  the spreadsheet that says exactly every line item which is spent and read it every month. If you’re the CEO and you don’t know what your expenses are, you are not doing your job. Then figure how to spend less money. It’s that simple.  ]]>

─ February 2, 2016