Do not delegate your company's survival to 'financial people'. Founders and founding teams must be critically involved in the financial reality. Take your eye off the ball for one cycle and you might find vendors and employees are taking one on the chin so you can survive. Ultimately, that is on you.
Use this tool from GST Labs to shed light on your financial reality and allow your team to reclaim control of your financial future.
Also, check out "The Cash Problem" for helpful tips on how to manage cash in a startup environment.
High performing teams use this tool to:
- Know when it is time to kick a fundraising effort into gear
- Understand the levers on cash and the assumptions driving survival
- See how the cash reality differs from the SaaS Model
- Implement a survival strategy
