There’s nothing like good old advice and experience when it comes to getting things done in life and at work. Presenting 6 cost cutting tips for newbie entrepreneurs, nothing “new” just good old tips most mothers give their children. What better way to hand hold new entrepreneurs through finance crunches?
Live Within Your Means
This is the best piece of practical advice anyone can get. Most times in life and business we face money issues simply because we try to live beyond our means. If you cannot afford a website there is no reason why you should stretch your limits to get one.
Sign up for a free Facebook page and solicit orders there. Alternatively try options like Etsy to showcase and sell your products worldwide.
Reuse, Recycle and Reduce
Instead of buying new stuff, try and use old things. You don’t really need a new computer for your office, your old one will do just fine. People give away stuff they don’t need so ask around and you will surely find people looking to give away that printer or computer which seem too expensive to buy right now.
Make Do with What You Have
If you cannot buy something then make do with what you have. Use old boxes for packing goods or paper printed on one side to make note pads to scribble on at work.
Learn to Do Without Sometimes
We don’t have to have everything! If we remember this we can make do without so many things. When I started designing kids stuff last year I couldn’t afford a logo designer so I went ahead and worked in Paint and MS Word to make my own logo. I didn’t let not being able to afford a logo designer get in my way.
Use Freebies
There are plenty of free platforms to get stuff these days. You can get free yellow page listings, SMS services and free marketing platforms like Facebook, Twitter and You Tube. Use the freebies they offer to your advantage if you cannot get afford the paid perks.
Word of Mouth Counts
There’s nothing like a referral by a friend or an endorsement by a satisfied client. Word of mouth counts. A lady who bought kids stuff we designed was the marketing manager for a kids store and was so happy with our product that she suggested we supply to the store she works at. Who knows when a random sale can turn in to a big opportunity? Don’t discount word of mouth!