The purpose of your monthly financials is just that it is twelve months a year. So there are twelve opportunities that you're going to lock in the how your expenses your month. Balance sheet is more of a of a long term look and may not change at all monthly. And thin cash floe is that's all about knowing you're burnd right? Are you positive? Are you negative? Cash floe? How much money do you need to keep in ta bank that's goingt allow you to sleep comfortably at night?"
A low-burn rate gives startups the agility they need to succeed and weather unforeseen challenges. Two CEOs join Jason to discuss how founders can make the most of their limited capital. Ben Seidl of Neyborly covers managing burn rate (2:58), Lil Roberts of Xendoo shares the steps needed to maintain financial health, then Jason joins for a Q&A on how to create a slingshot business(48:48), the appropriate level of runway (55:02) & more.