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10 Ways to Save Money When Starting a Small Business

10 Ways to Save Money When Starting a Small Business

Nicole Crimaldi | Excelle

3. Join Twitter. I will never get tired of telling everyone to join Twitter. I have seen it work in amazing ways for me over the past 2 months when I finally caved and joined. Twitter is basically a micro-blog where each entry is limited to 140 characters. Through a simple web interface you can send out “tweets” and read others’ tweets by following other Twitter users. As of this post, I have over 1,100 followers which I’ve gained in a very short time period. From Twitter, I found my logo designer (which I got a discount on), I was offered to be a featured writer for Excelle and several other publications, I was interviewed for a book, will be doing a segment on Blog Talk radio, and have found a few of my mentors there. All for free. Just remember that Twitter isn’t a self-promotion tool. It is a way to build relationships with other entrepreneurs and potential customers. To find people who share your interests, go to search.twitter.com to put in your interests and connect with people.

(Join Excelle’s Twitter group to learn more!)

4. Partner with other entrepreneurs. My experience with Twitter is the perfect example of entrepreneurs who want to help each other. If you aren’t good at accounting, perhaps someone in your network owns a small accounting practice. What if that accountant needed help with marketing, staffing, or something else that you could offer to barter services? Speak up and ask for help from other entrepreneurs and be willing to help them too. You will save money and grow valuable relationships which will be key as your business grows.

5. Don’t waste money on fancy office furniture/supplies. Again, fancy desks and paper shredders are not going to make you money. Keep this in mind when you are going through the aisles of Office Max like a kid in a candy store. Save the fancy office furniture for much, much later.

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