Early financial decisions can impact longterm outcomes from "summary" of The Founder's Dilemmas by Noam Wasserman
The decisions you make early on about how to handle your startup's finances can have a significant impact on its long-term success. When you are just starting out, it can be easy to overlook the potential consequences of these decisions. However, failing to carefully consider the financial implications of your choices can lead to serious problems down the road. One common mistake that founders make is taking on too much debt in the early stages of their startup. While it may be tempting to borrow money to fuel growth or cover expenses, doing so can put your company at risk if you are unable to repay the debt. This can lead to financial distress and even bankruptcy, ultimately derailing your startup's progress. Another financial decision that can have long-term consequence...
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