How many months your business can keep operating before it’s out of money?
If you don’t have an answer to this simple question, you need to TRACK YOUR BURN!
TRACK YOUR BURN is a smart Google Sheet that helps you tracking one of the most important KPI (Key Performance Indicator) of your startup: the RUNWAY, aka how many months your company can operate before it runs out of money!
The tracker is straightforward to use; you need to fill in Money In and Out of a specific Month and your Current Balance.
The smart Google Sheet will do the rest, returning these juicy KPIs:
> Runway (Months)
> Monthly Burn Rate
> Monthly Growth Rate
> Average Burn
> Average Burn Rate
> Average Growth Rate
With a 2 minutes activity every end of the month, you get a precise snapshot of your company’s financial health.
Pro Tip: the KPIs listed above are what investors want to see every month!
Start TRACKING YOUR BURN today!