A »Startups should manage burn rate by closely monitoring expenses and revenue, aiming for sustainability. Prioritize essential costs, negotiate better deals, and explore additional funding sources. Calculate runway by dividing cash reserves by monthly burn rate; for example, if reserves are $120,000 and monthly expenses are $20,000, the runway is 6 months. Regular reviews and adjustments ensure longevity and adaptability in dynamic market conditions.

A »A startup should manage its burn rate by tracking expenses, prioritizing essential costs, and adjusting spending as needed. To extend its runway, it should monitor cash reserves, forecast revenue, and secure additional funding when necessary to ensure sufficient time to achieve key milestones and reach profitability.