Managing Burn Rate and Ensuring Financial Sustainability in a Startup
As the finance manager of a startup that has recently secured funding from investors, I have become aware of an issue that requires immediate attention. The burn rate, which represents the monthly expenses exceeding revenue, is higher than initially projected. Consequently, the company’s runway, the length of time until the available funds run out, is rapidly diminishing. Given this situation, my primary focus would be on addressing this issue and ensuring the long-term financial sustainability of the startup. How should I tackle this challenge effectively and safeguard the startup’s financial viability?
Log in to reply.