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The Virus Survival Strategy For Your Startup

Steve Blank

The questions every startup or small business CEO needs to ask now are: What’s my Burn Rate and Runway? Burn Rate and Runway. To answer the first question, take stock of your current gross burn rate i.e. how much cash are you spending each month. What does your new business model look like? How do you know?

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Critical Key Performance Indicators (KPIs) for Founders

Up and Running

Think of them like this: If you have a critical sales milestone your company needs to meet by the end of the year, KPIs should deliver incremental evidence that you’re either headed in the right direction, or you’re not. . Activation rate: measures how many visitors are engaging with your website or app. Sales KPIs.

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Keep Asking Questions

ithacaVC

Ask: why is your burn rate so high and is it sustainable? Ask: how does the buying coop work and how will it impact your sales cycle. Now, with the benefit of hindsight, this only makes me ask more questions. I think you are probably getting the theme: don’t be shy about asking questions. Ok, you get it.

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3 Ways To Ensure Your Startup Has A Top-Notch Team

YoungUpstarts

Then come the marketing, sales, and accounting considerations. While you absolutely need to keep an eye on earnings and burn rate, human capital is ultimately the fuel that makes the machine run. Developing your product is just the beginning. Your employees, after all, become part of what you sell.

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