The safest way would probably to find a way saving ~10% in cost through all means necessary while keeping revenues stable. If that's somehow possible, you stop burning cash and are not reliant on external investors anymore.
Maybe ask your employees? I'm sure they also don't want someone to come in and take control. And quite often, employees can think of creative ways to save money that the CEO doesn't know of.
As you describe your situation, your COO would be the perfect candidate to find that money.
Maybe ask your employees? I'm sure they also don't want someone to come in and take control. And quite often, employees can think of creative ways to save money that the CEO doesn't know of.
As you describe your situation, your COO would be the perfect candidate to find that money.