How to Spend Your Investors Money
out of 2
Post on 18-Aug-2015
- 1. How to spend your Startup Chile money? - Getting their money back? - Rules of spending at startup chile http://www.startupchile.org/about/faqs/ - Types of spender in startups chile Types of Spenders: - Impulsive buyers Get drunk in a pub and hire their friends - Misers: Spend so much time worried about making a decision that they cant spend effecitly. End up not spending their money on time. - But you want to be a planner: You need a little bit of all three : - Set your budgets - Running costs: How must your spend (wages: food, macbooks) - Development: - Marketing: - Support: eg: mobile app: - Static Burn rate: 2 people * $1,500 * 6 = $9,000 - Air fares / travel $3,000 - Dev: $3k * 3 = $9k - Marketing: - FB ads: $4000 - Adwords: $4000 - Hire copywriter: $500 Why you should use rubberstamp to manage your startup chile money: Set up your budgets: get your team members or co-founders to approve spending each month. Benefit: - Stops impulsive buying
- 2. - Means you spend the money on the right things - You always have a second set of eyes on an expenditure - Your reimbursement process is much easier.
View more >
Subtitle Making and Living Within a Budget. How should you spend your money? How do you spend your money?
Fall 2013. Understand Authorized Signer Responsibilities Where does your money come from? Understanding Your Accounts How to Spend Your Money and Make.