He closed his first company due to cashflow issues. Now, he’s a successful entrepreneur thanks to Xero

▤ Summary

On top of that, CashShield’s highly sophisticated product meant it had to shoulder heavy research and development costs in the short term. In managing the finances of his latest venture, Moovaz, a technology-driven moving service, Junxian has a greater visibility into the numbers of the business. 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. To proactively prevent such business heartbreaks, founders can take into account three easy steps: Cashflow is one of the most important indicators of a company’s financial health. This puts businesses in a better position when it comes to proving they are viable for a loan and to secure more capital in a shorter amount of time.

▦ Linked Companies

Xero

$1B+