https://blog.sksoumik.com/categories/business/ Recent content in business on Sadman Kabir Soumik Hugo -- gohugo.io en Copyright © 2022, Sadman Kabir Soumik Wed, 20 Apr 2022 00:00:00 +0000 https://blog.sksoumik.com/beyond-code/commonly-used-terms-startup-ecosystem/ Wed, 20 Apr 2022 00:00:00 +0000 https://blog.sksoumik.com/beyond-code/commonly-used-terms-startup-ecosystem/ MVP (Minimum Viable Product) The idea of a Minimum Viable Product (MVP) is often used to test a business idea and get feedback from customers, without spending too much time and money on creating a full product. Burn Rate The term "burn rate" means how quickly a company uses its money. It's usually calculated every month. To find the burn rate, you add up how much the company spends in a specific time period and divide it by how many months that period is.