article thumbnail

5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product.

Cost 264
article thumbnail

Too Many Small Businesses Still Ignore Social Media

Startup Professionals Musings

When my friend’s small business was struggling a while back, I suggested he add some social media marketing initiatives, and his answer was that he was “too busy.” His business has since closed, but his mindset is still out there. If you are in consulting, you are the business, so use a professional headshot.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Starting Your Own Small Business? Here Are Some Smart Ways to Save Money

Women Entrepreneurs Can

Embarking on the journey of starting your own small business is an exciting yet challenging endeavour. In this comprehensive guide, we’ll explore some smart and practical ways to save money when starting your own small business, helping you navigate the financial landscape with confidence and efficiency.

article thumbnail

Low-Cost Business Ideas for 2022

ReadWriteStart

trillion globally, and social media has become the backbone of many businesses looking to build brand awareness. Consider whether you will still be passionate about the business in the long run. The post Low-Cost Business Ideas for 2022 appeared first on ReadWrite. Personal interests.

Cost 140
article thumbnail

When Should a Small Business Hire an Executive Team?

Up and Running

That often involves working long hours and keeping your costs lean. Think of it as an investment in your company — you’re dedicating resources (compensation) to highly skilled employees who will hopefully bring your business to the next level. This allows the business owner to focus on what they do best—running their business.

CTO Hire 163
article thumbnail

5 Cost-Cutting Strategies That May Cause You to Spend More

Up and Running

In fact, some of the biggest company expenses start off as cost-cutting measures. Cutting costs vs. cutting corners. Unnecessary business spending doesn’t only take the form of trendy marketing gimmicks, excessive travel expenses, and outrageous client-nurturing projects. Are you cutting costs or merely cutting corners?

Cost 150
article thumbnail

10 Big Ideas For Small Business Marketing

YoungUpstarts

And while that’s not great news for small businesses, even before this announcement, organic reach was at nearly zero. When these new changes take effect, reach will be so small that we won’t be able to kid ourselves about whether or not our audiences see our content. This is a channel most small businesses could use, too.