8 ways to better manage your startup’s burn

While it's impossible to grow a business without spending money, it's vital for startup founders to understand the difference between necessary and unnecessary outlay and avoid wasteful spending. It's also essential to manage your burn rate so you know how much capital you need and how you're going to spend any funding you raise. The key to how effectively you spend your money comes down to discipline and having a "low-burn mindset," says entrepreneur Dennis Zdonov. Here, he shares eight strategies that will reduce your burn rate and save you money.​
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