Sunday, December 22, 2013

11 Golden Tips To Cut Costs When Launching A Startup

Launch startup can be very expensive. In recent years however, the cost of launching innovative projects and web novice in particular has dropped dramatically. What usually have to spend to be: hosting, domain registration, help from friends and "big garage". That is really important is to be patient and find a niche for your services or products. Many people get discouraged because the cost of entry into the market and the cost of creating and launching startup.

Let me tell you how you can cut costs easily: 1. Look at the project based on the best ways background.The to save money is to have a precise knowledge about the industry and your product will provide. If you are an engineer trying to keep your background, biochemical or astronomy might be something to be avoided, especially if you do not have any knowledge of your company. The key to success is the competitive advantage that comes from the extraordinary skill and skills.2. Ask family and friends to comment on project.You family and your friends will always tend subjective, but their advice will be free. Asked "What do you think about that?" Will allow you to identify potential opportunities and serious errors. It can be vital.3. Follow competitors before spending money.

This is something I always stress. Do not make another YouTube or Google, to focus on innovation. A better solution is to avoid the clone, but to create something new every time. The only exception that comes to my mind is copied from one country to another. For example very similat on and a Polish clone it. The site is very popular and in this case turned out to be a good strategy for business.4. Keep your ideas secret.It usually takes 2-3 weeks to clone a project. Your idea is the most important thing in the whole company. Do not share all your ideas or you will end up with nothing. Competition is fierce and the big players in the industry are always one step ahead, so careful.5. Conversation about the cost suppliersCutting by negotiating with suppliers is important. Your bargaining power is very begging but if you are clever you can see specific opportunities even in a competitive markets.6. The media do not say what you do in the first stage of your project.

This point connected to point 4. If you tell the media about your ideas, they do, what you want to do. Marketing Next, focus on the first product.7. Be flexible.If can see that there is something to be changed, change it. There is no point in being stubborn. Be critical and be able to optimize the product or service.8. Spend more time thinking than doingit no matter how much time you spend working on a project poorly. It is better to work an hour a very good idea of ​​24-hour excretion. "Quality is king" .9. Be prepared to provide them when everything goes wrong. There are thousands of projects to look at.This point is essential for survival. Diversify risk and project selection will take you out of big trouble. If something goes wrong, proceed to something diffeent.10. Running a blog to keep in touch with users.

Keep dealing with customers. No matter how they do, but they should know that you will be able to support them in case something wrong.11. Do not rent, Outsourcing insteadIt always a good idea to focus on the core business. If you need to have something done from others, especially from time to time, try to avoid recruitment.

No comments:

Post a Comment