Entrepreneurialism Information Information Research

Tell a Friend about this Site

Starting a Company on a Shoe-String Budget


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


MORE RESOURCES:

L. Brooks Patterson as Michigan's governor?
MLive.com, MI - 2 hours ago
A dose of entrepreneurialism. Remember the four-day workweek? Fresh ideas like that could inspire significant change among same old-same old state offices. ...


Nominations open for Young Music Entrepreneur 2009
musicweek.com, UK - 2 hours ago
Applicants don’t have to run their own business, although they must be able to demonstrate their entrepreneurialism. The six finalists will travel to Poland ...


Entrepreneurialism And The Dwarf House
PWO, France - Jan 3, 2009
To become an entrepreneur is enjoyable when you have a passion for a business idea you are passionate about. However, if you have to become an entrepreneur ...


Columbus Dispatch

New Ohio House leader wants tax break
Akron Beacon Journal, OH - Jan 5, 2009
... Monday during the opening of the new legislature that he wants to revive Ohio's spirit of entrepreneurialism and make the state a center for green jobs. ...
Ohio House Speaker Budish touts regionalism in his first address WKYC-TV
all 35 news articles


PEER 1 Selected to Join Microsoft BizSpark Program
FOXBusiness - Jan 7, 2009
... is committed to helping entrepreneurs to transform their ambitions into sustainable, dynamic businesses and to foster innovation and entrepreneurialism. ...
PEER 1 Joins Microsoft BizSpark Program Web Host Industry Review
all 19 news articles


Medley's Risk
13WHAM-TV, NY - Dec 30, 2008
Bob: This is the essence of entrepreneurialism, is to sell others on the risk and get them to invest in the risk. In this case, you’ve got a community ...


Ashoka Brings Social Innovation and Entrepreneurship to ...
PR Newswire (press release), NY - 22 hours ago
Due to these critical partnerships, the world's largest community of social entrepreneurs is taking social innovation and entrepreneurialism to new fields. ...


TechRadar UK

Marissa Mayer on the future of Google
TechRadar UK, UK - Jan 3, 2009
"There was a tremendous amount of energy, scruffy entrepreneurialism and a sense of hope. We really felt we were working on something that might change the ...


Pact aims to stamp out H5N1
Phnom Penh Post, Cambodia - 9 hours ago
Such enhanced regulations will "boost Cambodian entrepreneurialism in produce", he added. Foreign Minister Hor Namhong said more than US$900 million worth ...


It's time to get off our laurels – and innovate, innovate, innovate
Globe and Mail, Canada - Dec 23, 2008
... are required to spur successful innovation: access to capital; collaboration in pursuit of new ideas; and a culture that promotes entrepreneurialism. ...

Entrepreneurialism - Google News



MaineBannerExchange

home | site map
© 2006