How to stop torching your company's money

07/26/2013 | CFO.com

Excessive cash burn is the bane of early-stage and mature companies and often acts as a brake on continuing growth. To avoid that fate, be sure to focus on your company's core competencies; think about cash flow rather than just profits; and reduce expenses today rather than counting on things getting better in future. "The focus has to be on the present in order to correct the present situation of too much cash burn," says Anthem Hayek Blanchard, CEO of Anthem Vault.

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