Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  
Starting a Company on a Shoe-String Budget By Michael Simmons

A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources. Below is a list of tips to help you save money when you're first starting a company:

  • Manage your finances in MS Excel, not Quickbooks.
  • Manage your contacts in MS Outlook, not ACT.
  • Get free legal and accounting advice from law/business students or lawyers/accountants who are willing to do pro-bono (free) work.
  • Look for and join organizations that support youth entrepreneurs and small business owners.
  • Hire unpaid interns and make their job exciting.
  • Partner with somebody instead of paying them.
  • Use credit cards.
  • Get free, professional advice from SCORE, Teachers, and Professors.
  • Get investments from family and friends.
  • Find organizations who incubate startup companies or companies who might have office space that might be willing to let an aspiring entrepreneur use it. Perhaps, your school will let you use their copy machines and phone lines.
  • Swap services with a company instead of paying them.
  • Learn how to do graphic design and web design yourself. If you have these two skills, the startup costs of every business you have in the future will be dramatically reduced.


Michael Simmons is the author of the best-selling book, The Student Success Manifesto: How to Create a Life of Passion, Purpose and Prosperity and an award-winning entrepreneur. He is also one of America's top youth motivational speakers for college campuses. Read his online journal at young entrepreneur journey or click on the following link to download his free success ebook




See Also:

The Basics On T1 Line Solutions For Small Business
T1 Lines have been the primary source of mission critical bandwidth for companies of all sizes for nearly 20 years. With so much history, a basic understanding of the T1 line should be common knowledge among business owners who are looking for reliable bandwidth for Internet access, data ... more...

Electrical Safety in the home
Electricity is a wonderful part of our lives, clearly enabling us to do so many of the things we take for granted. Food preparation, entertainment, communication, and so much more are all dependent upon the delivery of electricity. And yet, coming into direct contact with electrical current can ... more...

Caribbean Cruise Lines
With the manifold increase in the volume of sea travel these days, shipping companies are attracting tourists with newer kinds of cruise lines. And the best thing about this is that theres a cruise line for every pocket and taste. Thus, for the high fliers, theres the luxury line; for the ones who ... more...

1080p HDTV Sets have Started to Emerge - Should You Opt for One?
It is all an issue of Image ResolutionThere are currently a number of different HDTV formats as adopted by the Advanced Television Systems Committee (ATSC), based on 720p, 1080i, and 1080p - using refresh rates that vary between 24 Hz and 60 Hz.The main difference between these HDTV formats is one ... more...


More on lines...

Search More Info On:

  • Credit Cards
  • Credit Score
  • Finance Companies
  • Credit Card Companies
  • Lending Companies
  • Settlement Costs
  •  

    Shop For Your Mortgage Now!
    Shop For Your Mortgage Now!

    You'll be re-directed to Top-Lenders.com

    Want to Know Your Rate?
    Get Customized Mortgage Quote Instantly

     
    ExplainingMortgages © 2005 - 2009