Knowing the burn rate for your company can help you prevent potential headwinds and discover margin opportunities. by Billie Ann Grigg edited by Robert Beaupre Burn rate is one of the most important metrics you can know for your business. Unfortunately, many small business owners don’t understand what burn rate is or how to calculate it. Burn rate isn’t a metric your accounting software will calculate for you directly; but by using your financial statements, you can calculate it easily. In this article, we’ll take a closer look at burn rate, discuss why it’s essential and show you exactly how…
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