Cash is Queen: CFO Advice for Startups
Georgia’s main advice during these dark times? Hunker down, and get your hands on more cash.
“Have enough cash for 18 to 24 months. And I know that sounds like a really long time, but you you may not have the same options in six months that you have today.”
Most investors expect startups to extend their cash runways to survive. But how do you do that when your business is at a standstill? Georgia shares the moves she’s advising founders to make right now — and clears up how small business grants and loans may offer some relief.
Keep in mind that details of the relief programs are changing every day. For the most accurate information on COVID-19 business grants and loans, get in touch with a tax professional.