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Managing your finance - Rahul Verghese
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Managing your finance - Rahul Verghese

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  • 1. Managing Finances for an early stage start up learnings from our experience
    • Rahul S Verghese
    • Founder- Running And Living Infotainment Pvt Ltd
    www. running and living .com Unleash Your Potential
  • 2. Managing Finances
    • Planning
    • Conserving Cash
    • Managing Cash Flow
    www. running and living .com Unleash Your Potential
  • 3. Plan for SAVING Cash Flow
    • Planning - Pre Start Up
    www. running and living .com Unleash Your Potential hare and Leverage – partner djust and be flexible in your schedules - travel ariablize - people ncome streams in the near term ecessary and Reasonable enerate mileage - free Cash Flow Management
  • 4. www. running and living .com Unleash Your Potential Time is money - and your time starts NOW!
  • 5. Planning Pre Start Up
    • Weekends and Late Nights
      • Meet others in the biz
      • Research operations well
      • Do a simple cash flow for 3 years – fixed and variables
      • Investment requirements for 3 years
      • Experiment, Pilot
      • Do a personal SWOT
    • Build savings
      • Part time income? Consulting?
      • Talk to friends and family
    • Biz Plan
      • Review with friends in business
      • Double the break even period
    www. running and living .com Unleash Your Potential
  • 6. Share and Leverage Operational Burn
    • Partners to share operational load in kind
    • Small sponsorships
    www. running and living .com Unleash Your Potential
  • 7. Adjust Travel
    • Optimise # of appointments when travel does crop up
    • Planning
      • Short notice changes
    • Add work onto personal time off locations if necessary
      • Mix biz and pleasure
    • Car better than train/bus for short distance
      • Especially for 2+ people
      • Reduce conveyance charges at other end
    www. running and living .com Unleash Your Potential
  • 8. Variablize People
    • Share the passion
      • Volunteers
      • Part Time
      • Different locations
      • Loose structure
      • Google groups
        • Future volunteers and leaders
    www. running and living .com Unleash Your Potential
  • 9. Income stream – near term Reduce the Pain
    • Related but side income streams
      • Running gear
      • Workshops
      • Content
    www. running and living .com Unleash Your Potential
  • 10. Necessary and Reasonable Office and Administration
    • Home Office
      • Minimal infrastructure
      • Broadband/ skype
      • Meetings at coffee shops/client offices
      • Sharing a friend’s office space
      • Leverage technology
        • Email instead of letters
        • Scans instead of couriers/ faxes
        • Facebook instead of invitation cards
        • Skype instead of ISD calls
    www. running and living .com Unleash Your Potential
  • 11. Generate Mileage – Free Marketing
    • PR
    • Articles
    • Media Partners
    • Word of mouth
    • Database
    • E Mail
    • Web
      • Site
      • Facebook
      • Twitter
      • Blogs
      • Google groups
    www. running and living .com Unleash Your Potential
  • 12. Managing Cash Flow
    • Always be prompt on your payment commitments
      • Earn trust of suppliers
      • Earn credit terms
    • Selling to your customers
      • Try and get advance part payments from some customers
      • Use these examples in your sales pitch
      • Use the start up card
    • Get surprised by the credit you can earn and the advances that you can collect
    www. running and living .com Unleash Your Potential
  • 13. Plan for SAVING Cash Flow
    • Planning - Pre Start Up
    www. running and living .com Unleash Your Potential hare and Leverage – partner djust and be flexible in your schedules - travel ariablize - people ncome streams in the near term ecessary and Reasonable enerate mileage - free Cash Flow Management

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