Forbes: Trim Costs Before Entering the Funding Winter

Advice to trim costs and increase revenues may seem standard for startups and established businesses alike, but Upwork CEO Stephane Kasriel says too many companies have let this fundamental survival tactic slide.

“The fact is, it’s bad out there,” Kasriel wrote recently on Forbes. “You can no longer count on raising another round. In fact, as a tech company, it’s safe to assume you’re not going to raise more money. You’re either going to become profitable, or you’re going to die.”

“Economically speaking, winter is coming.”
– Stephane Kasriel, CEO of Upwork

In “Trim Costs Before Entering the Funding Winter,” Kasriel calls on businesses to prioritize nimbleness and flexibility with smart budget decisions and meaningful measurements.

To do this, Kasriel covers some essential guidelines:

• Focus on the right metrics
• Use flexible cloud-based solutions
• Reduce your standing monthly overhead
• Remember that cash is king
• Move to zero-based budgeting
• Hold off on long-term investments

To review Kasriel’s insights in full, read the complete commentary on Forbes.

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