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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.

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Recession ahead? Follow these Money Saving Tips for your Workplace

ReadWriteStart

Review Your Software Subscriptions “Reviewing your software subscriptions can be a quick way to reduce costs. ” — Phil Norton, Founder of Leave Dates In today’s digital age, software subscriptions have become integral to business operations. .”

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9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Customer feedback, including blog comments, usability reviews, and early user testimonials, build relationships and provide credible marketing to the broader customer community. Minimize permanent hiring and customized operational facilities. Take advantage of low-cost modern tools and automation.

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Three Easy Ways Businesses Can Combat Cyber Threats

YoungUpstarts

by Marcus Harris, Software Litigator at Taft Stettinius & Hollister LLP. In fact, the Ponemon Institute reported that 61% of breaches hit small to medium-sized businesses last year, in part due to many of these growing companies underestimating or downplaying the risk of cyber security threats. Regularly update device software.

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How To Save Money In Business: 10 Tips For Young Entrepreneurs

YoungUpstarts

You may be able to save on shipping costs, as well. For example, you can replace water coolers with a filtered water pitcher to save on cost. You can find free software on the internet that does almost the same thing as your subscription-based software. This is one of the best cost-saving ideas for small businesses.

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Product Development Improvements That Are Shaping The World

The Startup Magazine

Here are the benefits of urethane casting: Eliminates Hard Tooling Costs : Cast urethanes allow the production of parts in each quarter and make quick necessary easy design changes. Due to the fast silicone mold production, cast urethanes have very low overhead tooling costs, and parts can be produced and delivered faster.

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The Best Ways to Save Money as a New Startup

ReadWriteStart

Oftentimes, new startups are inclined to cut costs that seem superfluous or unnecessary for the core business model to function. Knowing your costs and what that cost expendure will do for you — is the best ways to save money without compromising the integrity or long-term growth potential of your business.

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