Today we are going to talk about burn rate, or cash burn rate to be more specific. Your burn rate is the speed at which your cash balance is going down. If you had $1mm in cash on January 1st, and now it is October 1st and you have $250,000 left, your burn rate is $750,000/9, or $83,333/month.
Money $aving Tip: If contractors in your area are able to haul the concrete to a recycler, you can save a significant amount of money by no longer having to pay per ton dump fees at the landfill. A modest patio or sidewalk (200 sq ft) costs $400 - $600 in some parts of the country.
How much does it cost to pour a new sidewalk? Prisciliano Anaya, president of Anaya Concrete in Denver, says his company charges between $5 and $15 per square foot to demolish and repour a sidewalk. The cost depends on the depth of concrete, amount of metal reinforcement and size of the job, he adds. But for an average 4-by-50-foot sidewalk, it could cost as little as $1,000 or as much as $3,000. Just like buying groceries in bulk, buying a larger quantity of concrete provides a lower rate, says Tom Morelli, owner and president of Suburban Asphalt Concrete in Lynbrook, New York.