If you’re trying to get a startup company off the ground, chances are you don’t have a lot of money to do it with – and the money you do have would be better spent on R&D and marketing.
So what are some of the ways you can stretch your startup dollars? Office space, phone service and business software are just a few of the places you can look for cost savings.
For office space, consider a coworking space – an office shared with startups just like yours. That will give you a place to park your laptop, Internet access and a conference room – and an instant network of other entrepreneurs – at below market rates.
For phone service, VoIP services like Skype and Google Voice can give you international dialing for just a few dollars a month.
Another place to save is on productivity software. You can plunk down $200 for a full-featured version of Microsoft Office – or consider alternatives like the online Office 365 offering, Google Docs or even an open source offering like OpenOffice or LibreOffice.
And those are just a few of the ways you can stretch your critical startup funds.
Adapted from The Frugal Entrepreneur’s Starter Kit at Small Business Computing.