Where did that expression, “starting a business on a shoestring”, come from? Given the times we are in, though, the shoestring strategy looks like a smart way to go. Entrepreneur.com offers some tips on cutting expenses when starting a business. One of them seems lame to me (the 7th out of 8), but all the rest are good ideas that any new business owner can adopt. The article opens with:
So…you have a great idea and
you’re brimming with excitement about being your own boss! But then you
do some research and find out you need more money, legal papers, an
accountant, business loans…the list seems endless. Suddenly, the
prospect of starting the business seems to be more trouble than it’s
worth – and you end up staying with your current job.
Starting a business doesn’t have to mean emptying your pockets, draining your back account and maxing out your credit cards. Here are eight ways to cut your expenses when starting a business.
Tip of the hat to Rich at Business Opportunities Weblog.