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Burn rate measures how quickly a company is spending its cash reserves, while run rate projects future financial performance based on current data. Understanding both is crucial for effective financial planning. Dr Maxwell Ampong explains more on 'Entrepreneur In You' on Mondays & Thursdays on the JoyNews Prime & DStv Channel 421 at 8:00 PM, on the Joy Business Report Thursdays at 1:00 PM on Joy99.7FM, and also on our social media channels. | JoyNews
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