Cash flow: the challenge all startups and SMEs face
Summary
In the second episode of Xero On Air, I sat down with Host Graham Brown from Asia Tech Podcast and Junxian Lee, CEO and co-founder of Moovaz, an international tech-driven relocation service company. These experiences opened my eyes to the fact that plenty of small businesses face the same challenge: cash flow. On top of that, CashShield’s highly sophisticated product meant they had to shoulder heavy research and development costs in the short term. Although they factor in the costs and returns of hiring, many startups don’t consider the time they need to invest in training a new person, especially one who might fail to quickly understand the business. Mindsets have shifted, and young people no longer view traditional paths, such as linear careers, as avenues for success.
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