For startup founders, avoiding common startup financial mistakes and implementing sound financial strategies is crucial for sustainable growth. Without it, you risk running out of funds and stalling your progress.
This webinar video from the Founders Network archives is your guide to mastering startup finances and ensuring your business’s financial health.
In this information-packed webinar, you’ll learn:
Common Financial Mistakes
Alyona Mysko discusses the typical financial pitfalls startups encounter, such as hiring too quickly, burning through money faster than the product is growing, failing to sell, lacking a financial and cash flow plan, and not controlling runway and burn rate. Learn how to identify these startup financial mistakes early and take corrective actions to safeguard your startup’s financial health.
Strategic Financial Planning
Alyona offers strategies to avoid these financial mistakes by securing early customers, implementing a solid go-to-market strategy, calculating the money needed for marketing and sales, prioritizing sales before scaling product development, and creating financial plans that are realistic and not just investor-focused. Discover how to make your first financial plan and set a strong foundation for your startup’s growth.
Financial Modeling Approaches
Learn about the importance of using a driver-based financial model over a growth-based model. Alyona explains how focusing on operational drivers rather than mere growth projections can lead to more sustainable financial planning. Understand how dirty and fast unit economics can help you make better financial decisions and track healthy financial metrics. Where you can reduce your startup financial mistakes.
Runway and Burn Rate Management
Understanding and managing your runway and burn rate is crucial for long-term sustainability. Alyona emphasizes the importance of having a solid plan for controlling these metrics to ensure your startup remains financially healthy and attractive to investors.
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About the Speaker
Alyona Mysko, the founder of Fuelfinance, brings over a decade of financial expertise to the table. She’s crafted more than 200 financial models and currently oversees $250M+ in client P&L. Alyona is a renowned speaker, having shared her insights on platforms like Techstars, Masters of Scale, and tech2impact. Her extensive experience in financial management and modeling makes her a valuable resource for any startup founder looking to master their finances.
Summary
“Mastering Startup Finances: A Roadmap to Growth,” is a must-watch for any entrepreneur looking to improve their financial literacy and avoid common financial errors. Gain practical strategies to secure early customers, implement effective financial models, and manage your startup’s runway and burn rate.
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