Easy Ways of Startup Debt Management
Debt management is a crucial aspect of running a successful startup. From managing cash flow to keeping expenses in check, startups must prioritize effective debt management strategies from the very beginning. Here are five easy ways startups can manage debts from day one:
Create a Detailed Budget: One of the first steps in managing debts is to create a detailed budget that outlines all expenses and income streams. Startups should identify fixed costs such as rent, utilities, and salaries, as well as variable expenses like marketing