Extend the company runway Objective
- Increase runway from 12 to 36 months
How to extend the company runway
Increasing the runway of your company is typically something that's required in times when markets are down. It can also be because you work in a startup that has raised capital and is now struggling to raise the next round of financing.
Increasing is typically not done by increasing revenue because, as mentioned, the need to extend the runway is typically seen in dark market times. Instead, increasing runway is done by cutting costs.
Some of the first things you see companies do is shut down teams or functions that are primarily focused on expanding the business. These could be new market entry functions, marketing functions, etc. Essentially the roles or functions that will no longer be needed in times when the company isn't growing.
How to achieve this OKR
Most people who try OKRs fail. But there's hope. You'll need 3 key things to have a much better shot at achieving this and your other OKRs. Fill in your email and we'll take you through each of them, step by step.