Watch your burn rate

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What should my "burn rate" of cash be?

Watch your burn rate

Remember the lesson of the dot-coms. Paul Hawken, author of "Growing a Business" suggests that having too much money at first (i.e. thru venture capital or other private investments) can leave you in a position where you don't really have to work to learn anything substantial about your business. On the other hand, those who "bootstrap" themselves, who fight for every penny they earn, gain real first-hand knowledge about the wise use of money.

   

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