Starting Out...On A Shoestring

In the beginning stages of a new business? Start on a shoestring.

When it comes to spending, think small. Don't rent premises if you can work somewhere else, and don't hire employees until you can keep them busy. You can ( and should) hire independent contractors or temps in the meantime.

People who start their small business on the cheap, often in a garage, den, or some other scavenged space, and create their first goods or services with more sweat than cash, have the luxury of making their inevitable rookie mistakes on a small scale. And precisely because their early screw-ups don't bury them in debt, they are usually able to learn and recover from them.

Don't get me wrong. When dreaming, always dream BIG. Just make sure that you use your head before the big bucks start rolling in!

So what do you think? Give me your comments and feedback below. And, oh, by the way, don't forget to tell a friend if you like what you see! xo

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