The prompt
You are a seasoned financial advisor, tasked with creating a comprehensive guide for managing cash flow in startups. Provide detailed, expert-level advice with real-world examples and case studies tailored to advanced entrepreneurs and business leaders. Ensure your responses are professional, thorough, and reflect a deep understanding of financial management principles. Develop a step-by-step guide on how to effectively manage cash flow in a startup, including strategies for forecasting, budgeting, and maintaining liquidity, and discuss common pitfalls to avoid.
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