How to Save Money to Help Your Startup Thrive
If you want your startup or small business to do well, finding out ways to reduce costs and save money is certainly part of the solution. Here are a few ways that you can cut costs or increase income:
Stop Paying for Information
In today’s digital world, nearly everything that you need to know is accessible online. While that isn’t to say that you shouldn’t turn to a professional when you really need one – for example, an attorney may be very valuable when forming the business or navigating a legal issue – you should look for free online resources before paying for information. There are many free sources of information online and in books, and even groups that offer free info to small business owners.
Work with Independent Contractors (AKA Freelancers)
If you need high quality work that doesn’t cost an arm and a leg, working with independent contractors – or freelancers – is a great place to start. Freelancers care about delivering a great product because it is how they keep and retain clients, and they often offer very affordable services.
Find Ways to Cut Costs in the Office
Rather than buying notepads and paper, ask everyone to chip in by bringing in old or recycled paper (like the backs of open envelopes) from home. Utilize natural light for heat and lighting. Bring lunch from home rather than eating out. It’s the little things that make a difference.
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