Everyone knows burn rate is really important for startups so that they don’t run out of money. But its also important for startup founders, as it tells you when you will need to have generated revenues (and how much) or found investment or else when you need to get a job. It also helps you and co-founders have discussions around when you need to get a salary or how much that needs to be.
I’m in the process of setting up Senstore with a co-founder, and she was having trouble working out how long they have till we need to raise investment – so I created this nifty spreadsheet to help her. Hopefully others in the startup community will find it useful as well.
You can download it here: Download Personal Burn-rate Calculator
Please let me know if you find any errors or have comments/suggestions for how to improve it.