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5 unnecessary startup costs you should cut

Today many startups struggle where to reduce costs and where to invest money. So here we have listed some helpful tips where it makes sense for startups with a low budget to cut costs...

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5 unnecessary startup costs you should cut

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  1. FREELANCER TIPS 5 Unnecessary Startup Costs you should cut © kaboompics_Pixabay You can find more freelancer tips on www.freelancermap.com/freelancer-tips

  2. 5 Unnecessary Startup Costs you should cut We talk a lot about freelancers here on freelancermap – after all, they are our main audience and core competence. But a lot of freelancers go on to found startups with their ideas. They already know what it is to be your own boss, have experience in managing, financing and convincing others of their expertise. It’s a perfect match and a logical development for many.99% of all startups will work with a tight budget, so saving money is an important skill to have. The more costs you cut, the longer you survive, increasing your chances of success. In this article we bring you five ways for startups to save money without necessarily sacrificing quality: info@freelancermap.com

  3. 5 Unnecessary Startup Costs you should cut info@freelancermap.com

  4. 1) New, top-of-the-line tech and equipment It is easy to go overboard if you have a good amount of beginning capital or have secured considerable funding. But be honest with yourself – does every employee need three screens, brand new Macs, fancy kitchen appliances and so on? Most of the time, the answer will be a clear no. Buying used, but still good equipment can save you tons of money when starting out. The person who mostly takes care of communication with external partners doesn’t necessarily need a $1000 phone for it. Buy the best devices only if they are going to lead to a noticeable increase in quality. Be open for sensible improvement for the future, too. info@freelancermap.com

  5. 2) Shiny office Looking at the pictures of successful smaller startups when starting out, you are likely to see a lot of couches and various tables shared by multiple people rather than huge pompous desks. Yes, this does provide a good, friendly working environment. More importantly, it saves a lot of money. Frugal office solutions include co-working spaces, simply renting an apartment somewhere or mostly staying mobile. info@freelancermap.com

  6. 3) Try BYOD BYOD stands for bring your own device. The idea behind that is that your programmer probably has a much better laptop for his work than you can afford. Furthermore, they are used to working with their own machine and can improve it as they see fit. Giving employees the opportunity to bring their own devices is not being a cheapskate, it’s being sensible. Be sure to explain to them that you will cover any possible damages which happen at the office, too. info@freelancermap.com

  7. 4) Full-time employees who only work 2 hours a day We’ve talked about material resources so far, but similar thoughts apply to people as well. Start small with your team and take only people that you really need. Nothing is worse than hiring someone and then realizing there’s simply not a lot of work for them to do. For those smaller, more specific needs, try hiring external experts, a.k.a. freelancers. Not only can they work part-time, but are often extremely valuable for the company overall. New ideas, perspectives and experience can help you grow in unexpected ways. info@freelancermap.com

  8. 5) Less paid marketing, more personal dedication Spending on marketing as a startup is often not only expensive, but also ineffective. With a startup budget, you’re not likely to reach a lot of consumers anyway. Instead, take a more personal approach. Have people from your team or yourself go to startup events. There you can exchange ideas, find new potential investors and present your company to the world. To put things into perspective with an anecdote: a friend of mine recently founded a startup and managed to win a price for innovation in one such event. The amount of exposure she got would’ve cost hundreds of thousands dollars. By taking the personal approach, her startup was presented more authentically than any ad could ever have done. Without spending a cent. info@freelancermap.com

  9. Further freelancer tips available on http://www.freelancermap.com/freelancer-tips Contact freelancermap.com Contact person: Doreen Schollmeier - International Affairs Mail: info@freelancermap.com Skype: doreen.schollmeier Phone: +49-911-37750286 facebook: www.facebook.com/freelancermapInternational Twitter: freelancer_INT © freelancermap.com

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