Money Management Tool

3 Tips For Starting A Successful Money Management Tool (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own money management tool? Here are some tips you should know:

Learn more about starting a money management tool:

Where to start?

-> How much does it cost to start a money management tool?
-> Pros and cons of a money management tool

Need inspiration?

-> Other money management tool success stories
-> Marketing ideas for a money management tool

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a money management tool:

#1: Shashank Pandit, founder of Buxfer:

We chatted with with Shashank, founder of Buxfer ($50K/month). In our interview, Shashank says:

The first thing to remember is that, no matter how hardworking you are, how many skills you have, or how many hours you work, you can’t do everything yourself. It is necessary to hire and have others to grow your business

Additionally:

As I reflect on my journey over the years building Buxfer, the most important thing I think I’ve learned is you can choose to build a business in a way that aligns with your goals and gives you control.

Further:

Entrepreneurship is all about being creative, nimble, analytical, and rebellious. It often involves periods of hard struggle and going through excruciating pains to get something working and growing