Burn rate is the amount of money your business needs in a certain period—usually a month—to cover all expenses. In other words, burn rate tells you how quickly your business “burns through” capital. A company can reduce its gross burn rate by producing revenue and/or cutting costs such as reducing staff or seeking cheaper means […]
Monthly Archives: October 2021
Understanding Burden Rate: How to Accurately Calculate Your Real Labor Costs
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his […]