The Slidebean founder built a simple spreadsheet tracking monthly expenses right after securing a $30-35k Startup Chile grant. It showed six months of runway at their burn rate. He says every startup should create a budget as soon as it starts spending, before revenue arrives, to avoid cash-flow surprises.
When we started Slidebean, we had, we raised like, we did Startup Chile, which was a grant of about $30,000, $35,000, which was an investment. The moment, I mean, the moment we started operating the business, I had a financial model so that I could just budget, budget when we were gonna run out of money. So it wasn't complicated, it wasn't elaborate, it was just a simple, a simple, very simple spreadsheet that just tracked a list of, hey, this is, these are all the expenses we have to make each month, including our salaries, which were not great. Uh, and then that means that at that rate we'll run out of money like in 6 months. And I would have this spreadsheet just for my own peace or not peace of mind. Um, but I guess, you know, to answer that, I'd say, you know, the moment you are in business, even if you're not making revenue, if you're just spending money, you should have a budget.
