Aim high, spend low: 3 startup money-saving tips

money-saving start-up tipsRunning a business is tough, and whether you’re just starting out or have been going it alone for a while, all entrepreneurs have at least one thing in common: we want to save money. Aside from creative marketing strategies and endless administration costs, there are a few big ticket items that almost every business needs to invest in when they are starting up. Here are some clever startup money-saving tips tips for getting properly set up without breaking the bank.

Furniture

Every business needs a workspace that is comfortable at least, and inspiring at best. But you don’t need to spend a fortune getting your office space together. The downturn means that there is lots of top-notch second-hand furniture, hardly used and available at bargain prices. Just search online for used or recycled office or workspace furniture near you. Alternatively, checking local classified ads online, such as Gumtree.co.uk, or asking around among friends and family are both smart ways of acquiring affordable furniture without having to travel too far.

Computers

Thanks to technology, connecting to customers the world over requires little more than a laptop and an internet connection. That being said, it’s important to invest in computers and hardware that will not only get you online, but be able to keep pace with your business. Tier1Online is a great one-stop shop for buying refurbished ex-corporate desktop computers or laptops without paying top-end prices, and the bulk buying option makes it easy and affordable to establish a well-equipped office.

Transport

Last but not least, a vehicle can be another big ticket purchase for many businesses. Whether you’re running a larger business that relies on company cars, or using your own vehicle to attend meetings and run everyday errands, it’s vital to have a car that you can depend upon to be economical. Of course, there are any number of eco-friendly models available for purchase, but if investing in a brand new car is not an option, there are numerous ways to work with what you’ve got. By regularly maintaining your car, you can increase not only fuel efficiency but also your car’s lifespan – two significant cost-cutters. Being savvy about which car parts affect fuel consumption – such as the mass airflow sensor – and knowing when to replace them can save you plenty of money in the long run. What’s more, ordering car parts online from sites such as Mister Auto can help to reduce costs further by cutting out the middleman.

For more advice on how your business can save money, see our tips for reducing everyday office costs.

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