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How To Manage Your Startup Runway
- Published December 15, 2022 7:14AM UTC
- Publisher Serena Govender
- Categories Capital Raising Tips
A depleting runway will kill you⚱️
Running out of cash is the most common reason why startups fail.
Generally, 18-24 months is considered a good healthy runway to give you the time to build traction, launch, commence a raise and plan ahead.
Neglecting to calculate an adequate runway will lead your business in turmoil.
A few tips to manage your runway:
• Reduce your burn rate 🔥
• Prepare for a capital raise 💰
• Plan ahead 🔑
Play it safe 🏃♂️
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