WT3 Podcast’s Post

Startup Finance 101 - The Ferrari Can Wait In episode 009 of our podcast, we tackle one of the most critical aspects of startup success- financial management. Our guest, Ockert Loubser, drops some truth bombs that every founder needs to hear: - Optimise your cash flow like your business depends on it (because it does!) - Avoid unnecessary expenses. That fancy tech or flashy car can wait - Spend raised capital ONLY on what it was intended for - Turn every dime twice. Scrutinise each expense thoroughly - Beware the 'successful founder' trap. A new Ferrari doesn't equal a thriving business The episode is packed with real-world examples, including a cautionary tale of a founder who splurged on a Ferrari while asking for payment terms. It's a stark reminder that appearance and reality in the startup world often don't align. Ockert emphasizes the importance of frugality and strategic spending, especially in the early stages of a startup. Remember, it's not about how much you spend, but how wisely you allocate your resources. This sneak peek is just the tip of the iceberg. Tune in to the full episode, available X, YT & Spotify, for a deep dive into building a sustainable tech empire, navigating startup challenges, and gaining invaluable entrepreneurial wisdom. Don't miss out on this game-changing advice that could make or break your startup journey! #WT3Podcast

To view or add a comment, sign in

Explore topics