We recently launched The Business of Engineering Podcast - a monthly round table discussion in which startup leaders and entrepreneurs discuss various issues related to working in the tech and electronics market. This is the discussion thread for Episode Two - Funding & Finance
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Episode Summary
Raising capital and maintaining a healthy cash flow are essential aspects of running any business — and the tech sector is no exception. In this second episode of The Business of Engineering podcast, we discuss the unique financial challenges faced by tech startups, and share some advice on how to navigate them.
Contributors
Daniel Burton
Entrepreneur Acceleration Manager at the Natwest Business Accelerator, a program that enables entrepreneurs across the UK to reach their full potential through coaching, mentoring and one-to-one support.
Tom Martin
CEO and Co-Founder of JetSoft, a software and data company that provides engineering solutions to improve the accessibility and efficiency of NDT information.
Chris Nriapia
Co-Founder and Marketing Director at SentrySIS, an online platform that allows retailers and national businesses to report crime online directly to the police.
Will Schaffer
Investor Relations Manager and Entrepreneur Coach at NorthInvest, a not for profit company that connects ventures to mentors and investors with the aim to promote equitable investment in the North of the UK.
Talking points addressed in this episode...
- Introductions [0.00]
- How financially established should you be before launching your own business? [2.15]
- Evolving your business plan [9.00]
- Common financial mistakes by emerging startups [13.00]
- Maintaining a healthy cash flow [20.00]
- Breaking down your outgoings [32.00]
Have you experienced any of the issues discussed in this episode? Share your thoughts, questions for our guest contributors and any feedback you might have in the comments section below.
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