What Sets Successful Startups Apart
After working with dozens of Australian startups over the past eight years, I've noticed patterns. The businesses that survive past year three share specific financial habits—and it's rarely about having the biggest budget or fanciest systems.
Successful founders check their numbers weekly, not monthly. They understand their unit economics before scaling. And they're honest with themselves about what's working and what's draining resources without return.
| Financial Practice | Struggling Startups | Thriving Startups |
|---|---|---|
| Cash Flow Monitoring | Monthly reviews only | Weekly tracking system |
| Expense Management | Reactive cost cutting | Proactive budget planning |
| Financial Forecasting | Optimistic projections | Conservative estimates |
| Record Keeping | Inconsistent documentation | Systematic organization |
| Professional Advice | DIY everything approach | Strategic accountant relationship |
