4 Unnecessary Expenses Every Startup Can Live Without

Posted by baileyko under Startups
From http://upandrunning.bplans.com 3965 days ago
Made Hot by: mikehartman1 on January 20, 2014 5:13 pm

Starting a new business isn’t cheap. To get the most bang for your startup buck, you’ll want to check out these four expenses that every new business can live without.

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Written by AngelBiz
3961 days ago

Not sure if I agree with your points 1 and 2. Sure you can save some money by not hiring a lawyer and accountant, but it may come back to haunt you later on. Unless you are an expert in those areas it is best to leave those tasks to experts.

I would add few other ways to save money. Do not hire employees early on. Look for freelancers instead. Similarly do not rent or lease office space early on. You should look into sharing space or working from "garage".

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Written by baileyko
3961 days ago

I can't speak for the author, but I believe the initial setup of a business is a relatively simple process. A few great resources for early stages are the SBA, SBDC, and local Chambers of Commerce. Great point with hiring practices. Staying as lean as possible in the beginning is the best way to get going.

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