Jirav reposted this
So, we gave a brief overview of KPIs last week – now, let’s talk about specific metrics that most companies should track. ✅ We're starting with cash burn rate – because as Matthew May says – “Cash is king.” 👑 Your cash burn rate tracks how much cash your startup “burns” or spends within a specific time period. 🔥 How much is your bank balance changing month over month? 🤔 And how quickly is your business using up its available cash? 👀 Tracking cash burn rate is a game-changer for startups and growing businesses – it helps you better manage cash flow, position your business to scale + give investors a good idea of how long your business can operate before raising more capital. 💰 Head over to our blog for the full scoop on calculating your cash burn rate – including formulas + examples: https://lnkd.in/eErGHQbz 🤓 #cash #cashburnrate #kpi #metrics #acuity — Hit like + follow us for more info on revenue, CAC, LTV, and the Rule of 40 – coming soon! 👏
Matthew, you are accounting’s hype man! Love the energy.
Senior Manager | Strategic CPA Alliances | East Region
2moLove the shirt Matthew May. I picked up some awesome giraffe socks at AICPA this year. Great group.