6 tips to help set up your startup on a shoestring [Business Insider Australia]

I am not a fan of investing in time-zapping, expensive prototypes or the kind of complex business plans that make War and Peace seem like a quick read. Not at first anyway, not until you know for certain an idea has legs and is worth investing in financially and emotionally.

This is where the practice of making money from nothing comes in – and by “nothing”, I mean just an idea.

I come from the “fail fast” school of entrepreneurs. I am at peace with the idea that not every idea works, but I do want to lose as little – financially and emotionally – in that loss as possible.

Here are my tips on setting up a start-up on a shoestring:

  1. Keep your overheads low
  2. Hit the ground running
  3. Pay in perks
  4. Leverage – anything!
  5. Overestimate expenses, underestimate revenue
  6. Piggyback on power

Curated from: 6 tips to help set up your startup on a shoestring [Business Insider Australia]

Show More


CBNation helps entrepreneurs and business owners succeed with visibility, resources and connections. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
We're 20,000+ CBNation Members Strong & GROWINGJOIN FOR FREE
+ +