Startup founders should take away from this how important good financial records... | Hacker News

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bosch on Aug 18, 2010 | parent | context | favorite | on: Is Greece entering a Death Spiral?

Startup founders should take away from this how important good financial records are. Also, how important a business model is that provides enough capital to fund current operations without you having to go over your allotted budget.

startuprules on Aug 18, 2010 [–]

You also want to make sure you track down deadbeat clients (bad tax collection) and not get a long expensive office lease (offer retirement at age 50)

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