Starting a Company Without Financial Problems
Financial planning is crucial for any startup. Avoiding common mistakes ensures stability, smooth operations, and growth.
Create a Financial Plan
Budgeting for the first year.
Cash flow projections.
Contingency planning.
Choose an Accounting System Early
Implement accounting software from day one.
Automate invoice entry, expense tracking, and reporting.
Understand Tax Obligations
VAT registration and compliance.
Corporate tax planning.
Filing deadlines and documentation.
Monitor Expenses and Income
Track all expenses and payments.
Identify and correct discrepancies early.
