You should regularly review your financial numbers, ideally at least weekly, to stay informed about your company's financial health.

Be aware of your company's growth rate and how much you're spending versus your revenue.

Know your financial metrics, including net and gross revenue, to understand your gross margin and overall profitability.

Outsourcing financial responsibilities to a bookkeeper is normal, but the CEO and founders must still understand the financial numbers and question any discrepancies in reports.

As a founder, you must be involved in financial documentation because your bookkeeper or CPA won't know the specifics of your business expenses.

Most startups fail because they run out of money, but you can avoid this by understanding your cash balance, expenses, and having a clear plan for profitability.

You can determine whether you need to raise funds by analyzing your metrics and understanding your bottom line.

Before quitting your job, be financially prepared. Having 6 to 12 months of living expenses saved up provides peace of mind. Without a financial cushion, the stress can be overwhelming and distract you from building your company.

Founders should know key metrics like cash position and burn rate to communicate effectively with investors.