How to Cut Startup Costs Down and Still Attain Your Dream

Posted by Richardwhite under Startups
From http://smallbiztrends.com 3920 days ago
Made Hot by: ObjectOriented on August 5, 2013 8:22 am

A snazzy office, the latest equipment, smart employees and the option to complete a project on your time, and perhaps at the beach – many new entrepreneurs dream big when they plan their first venture.

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Comments

Written by AngelBiz
3920 days ago

Richard - These are all very interesting and useful ideas. Most founders underestimate the time and money it will take to start a business. By watching out for start cost with these tips they can avoid getting stuck with higher cost at the beginning.

I advise clients to reduce cost in general with the framework of Eliminate -> Rent -> Share -> optimize. Eliminate the expense if possible by not buying. If you must have it rent instead of buy. If you must buy share it with someone to reduce the cost. Finally, if you must own it yourself try to optimize its use.

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