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Learn and do the course of financial management

1. Do not hire people before your product market fit 2. Find A Cofounder. offer him shares instead of money 3. Know your targeted audiences and try to sell only to them. otherwise large investment almost no results 4. Always invest time and money in a small area. and find out how much you take ROI.

Finace is the first important thing for an entreprenuner. So I started lerning from banking system and then about some investment in shares,also about insurance. These are some basics which we must learn to manage our finaces.If you have certain amount of capital, geting a help of CA will be better.

For entrepreneurs, key financial aspects include: rigorous cash flow management, forecasting inflows and outflows to avoid liquidity crunches. Asset-light strategies minimize capital expenditure, opting for leasing or shared resources. Budgeting provides a financial roadmap, tracking expenses against revenue. Profitability analysis identifies profitable products or services. Securing funding through diverse sources like bootstrapping, loans, or venture capital is crucial. Financial reporting ensures transparency and informed decision-making. Lastly, understanding key financial ratios helps gauge business health and performance.

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Just unit economics to start with, everything else comes later

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