17 tips to save money when starting a new business - Business Insider

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17 tips to save money when starting a new business

If you know how to code=> create programs/software/websites for clientsIf you have an accounting degree=> offer accounting servicesIf you don’t have money, at least have time.Quora user Aljaž Fajmut learned the value of time when he founded his startup, Nightwatch. While building the app, he faced delays, bugs, and disagreements with people on his team. If he had saved a little more and taken his time, he would have had a safety net. He"Time really is key...

His startup was ultimately successful, but Fajmut would have appreciated having this lesson in his arsenal before launching his business.Quora user Lily Booker believes in the power of service businesses as well. But without the proper research, your business could have no niche in the market. Make sure to check if there's a venture out there like yours, and if there is, make sure your business does something the competitor can't.

In order to succeed as an entrepreneur, you need to be willing to make tough decisions and make a lot of sacrifices. Most people will encourage you to start a services business if you don't have the capital because they don't require a lot of money. But as I said above, a good business idea and a market research that shows your potential target market can attract a lot of investors to your business.""You can easily start a business with zero capital.

Singh goes on to explain a hypothetical business selling shoes. Instead of spending three months paying someone to make a website full of random bugs, create a Facebook page and find a free logo generator. According to Singh, your business doesn't need to look like a million-dollar venture until you make some money selling your product or service.

 

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