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A top small business expert, Rieva Lesonsky, shares her insight on the important issues entrepreneurs face in today's challenging market. Check back at the end of each month for new business tips designed especially for small business owners.
The Affordable Way to Launch a New Business I've always found it amusing that the two words most associated with starting a business without spending a fortune are associated with shoes: starting on a shoestring or bootstrapping your startup. I've never been a fan of either phrase, so instead let's talk about starting smart. I've been getting a lot of questions lately on how to start a business without emptying out your bank account. Starting smart is the affordable way to start a business. It's about staying out of debt (if possible) and exposing yourself to less financial risk. Another part of starting smart is to invest any profits you (hopefully) make back into your business. I can't think of a better time to take this approach, so here are my 10 tips for starting smart:
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| CHAMBER OFFICE, Box 5318, Drayton Valley, AB T7A 1R5 Ph: 780.542.7578 ... Fax: 780.542.2688 ... E-Mail tom.chamber.com@gmail.com |
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