In the early stages of your startup, you’re probably wearing a lot of hats. Spend management often takes a back seat as you juggle your countless responsibilities. After all, it’s barely exciting, and you probably have more demanding tasks at hand.
But spend management is crucial to your startup’s survival. In fact, 82% of small businesses fail due to cash flow problems. Managing cash flow properly can be the difference between a startup that’s barely hanging in there and one that’s prospering.