{"id":43751,"date":"2020-12-11T11:10:30","date_gmt":"2020-12-11T16:10:30","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=43751"},"modified":"2021-06-04T05:13:36","modified_gmt":"2021-06-04T10:13:36","slug":"3-financial-tips-for-startups","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/3-financial-tips-for-startups\/","title":{"rendered":"3 Financial Tips for Startups"},"content":{"rendered":"
When launching a startup, you are obviously going to have a lot less income than an established business. Therefore, you need to make sure that you are keeping a tight grip of your finances to avoid overspending. Here are some of our best financial tips that we can offer to startups.<\/span><\/p>\n <\/p>\n Unless you or a colleague has viable accounting experience, you need to make sure that you are outsourcing your accounting needs to a professional. Chances are that you won\u2019t have the need or the means to hire a permanent accountant for your team, so <\/span>outsourcing can be the better option<\/span><\/a>.<\/span><\/p>\n They will be able to properly track your spending and can prepare all the documents needed for things like filing taxes. You will also be able to hold meetings with them to discuss your spending and what can be done to improve it. Having their expertise on hand will make your business much easier to handle overall, and could teach you some valuable lessons about how to best manage your finances.\u00a0<\/span><\/p>\n I found this great podcast by<\/span> The Expat Money Show –\u00a0<\/a>\u00a0 107: Offshore Hedge Funds \u2014 Secrets of The Wealthy \u2014 David Ament<\/a><\/p>\n There is always going to be someone getting in contact with you to offer up an idea that might seem a little too good to be true. Whether it is a dodgy stock investment, <\/span>Binary Option trading scams<\/span>, or anything else nefarious, you need to know what to do to keep your business safe.<\/span><\/p>\n As a result, you need to make sure that you know what the warning signs for a scam are. Always trust your gut instinct \u2013 if something feels like it might be too good to be true then there is a good chance that it will be. It is always going to be better for you to walk away rather than risk losing what you have built.<\/span><\/p>\n <\/p>\nGet an Accountant<\/b><\/h2>\n
Watch Out for Scams<\/b><\/h2>\n
Know Where the Money Goes<\/b><\/h2>\n