Costs · Cost Reduction

What's your burn rate? What do you do to reduce it?

Andrew Loader Andrew Loader is a Content Marketer and Freelance Writer

December 9th, 2016

In light of recent discussions around churn rate here: what's your burn rate: How much money do you need every month to stay afloat? Which techniques do you use to reduce your burn rate?

Bennet Bayer Global CMO, Strategy & Tech Exec Ronin ♦ Mobile, Cloud, ICT/IDC, The IoE & Big Data Business

December 10th, 2016

Your "burn" is the amount of money needed to conduct operations each month.  To reduce you need to understand all your costs and decide what is necessary, can be delayed or changed.  Example, I helped one company burning $250K/mo down to $135K/mo but pointing out they didn't need to rent two floors right now (consolidate space and sublet the second floor) and changing the health benefits plan and put a stop to incremental spending (stuff like feeding the employees twice a day).  

Peter Eisenman VP, Enterprise Sales and Partnerships at ZIRX

December 9th, 2016

Bring in more money than you let out after all expenses. Pretty simple.