Managing the nuts and bolts of your Startup is crucial.
Only 3% startups will make it to their 5th year. Zeifmans put out their top 3 reasons startups struggle. They should know. They look at a lot of startups.
No. 1 is Balancing Capital and Growth Needs. CB Insights found that 30% startups fail because they run out of cash. ( I wrote about that a few posts back ). The key is to understand cash flow, plan ahead and manage your burn rates.