Startup Financial Health Checklist

This checklist is a comprehensive guide to help startups scrutinize their financial health. Follow these tasks to ensure your startup's financial status is robust and enduring.

Initial Funding

• Set your initial funding goal

• Identify potential sources of funding

• Prepare a solid pitch deck

• Secure initial funding

• Document funding properly

Budget Management

• Create a realistic budget

• Track all expenses

• Regularly review your budget

• Limit unnecessary expenses

• Set a contingency fund

Income and Sales

• Set measurable sales goals

• Keep track of sales

• Analyze sales trends

• Identify potential areas for growth

• Ensure cash flow is positive

Legal and Regulatory Compliance

• Understand legal business requirements

• Comply with financial regulations

• Pay taxes on time

• Ensure financial reports are accurate

• Stay informed about changes in regulations

Long Term Financial Planning

• Formulate a sustainable financial model

• Plan for future financing rounds

• Develop growth strategies

• Implement a retirement plan for employees

• Ensure cash reserves for unforeseen circumstances

Prepared By: [Your Name]

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