Thursday, January 17, 2013

Practicing Frugality for your Start up from Forbes

From Forbes. Jan 10 2013

You can save a bundle (in cash flow) and save your cash for inventory and sales (lessening need for additional working capital:

l.  Lease, rent;  do not buy;

2.  Let the employees bring in their own device (maybe pay a small amount for the use)  Most young people have their own device;

3.  Sublet from ailing companies;   they have tight cash flow and would be happy to have additional cash flow

4.  Distance working;   people can work from home and distance working works for most people even across countries and time zones.

Capital One by Barbara Corcoran

No comments:

Post a Comment