7 Tips to Save Money on Startup Supplies for Your Business

Startups are known for running “lean” and using every dime they have to grow their business. These tips can help you save on valuable supplies and resources including your time!

1.    Keep the Peace at Home

Reward coupons for home can make all the difference when it comes to handling a startup. Your home-life balance will probably be unpredictable for a few weeks until you establish a routine. Don’t forget that the less time you spend trying to ease a child’s concerns about their home life them more time you can spend crossing things off your to-do list or having meaningful time with your family.

2.    Don’t Underestimate “Free”

That’s right giving away your knowledge and what you’ll get in return is a loyal following. KISSmetrics is one prime example of how sharing information can put you in place better than you ever imagined. Startups typically have innovative thinkers and intelligent staff. Put that intelligence to work by providing your customers or readers with high-quality information for free with a blog.

Very busy young architect working at home

3.    Reduce Your Commute, Work from Home

Although every startup entrepreneur wants a nice office in a quiet area, that’s not in your budget yet. Renting office space is expensive and mostly unnecessary. So, don’t waste time looking for office space, or money on renting something just for the sake of having a private office.

These professionals offer great advice on how to work effectively at home.

4.    Buy Used Equipment

From computer to printers you can find used equipment on apps like Leto or sites such as Craigslist. New equipment is expensive and almost immediately begins depreciating. Instead, save your money and buy something that will get you through the first year. After the first year, you should have more income to negotiate updating your equipment.  

5.    Be Willing to Trade Work

Bartering can get you pretty far when it comes to saving a buck and offering trade work is a win-win situation. While you’re offering trade work, you’re not only getting something in return, but also experience. That person you traded work with will be able to spread the word about your abilities and attitude, so stay positive when doing trade work!

6.    Negotiate with Vendors

Don’t think that vendors only offer what’s on the table right now. They may have preset deals or packages for ordering, but that doesn’t mean they aren’t flexible. Be specific with what you need from the vendor and if they don’t have something to fit your needs move on to one of their competitors.

7.    Hire Part-Time and Freelance Workers

Many startups struggle with hiring full-time employees. Not only because of the feeling of obligation to ensure they get a decent paycheck, but also because of the many laws that surround them when it comes to benefits. Instead, hire part-time and freelance workers while your budget is tight. You can always reward hard work in a permanent position as your startup grows.

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