In the early days of your business, it’s essential to save money wherever you can. Recently an article appeared on Entreprenueur.com entitled, “7 Frugal Startup Tips from Millionaire Entrepreneurs” written by Gwen Moran.
While some of the tips here are for different types of startups, a few can be applied to your new outsourced IT support business:
Earn Credit Card Rewards
Most credit cards today offer points or rewards on purchases. Some rewards change quarterly, while some remain constant.
Look at where most of your spending lies and do some research to find the credit card with the best rewards for you.
On a number of credit cards, rewards points can be turned into gift cards at retailers, online sites, or restaurants.
If you have to make purchases on your credit cards anyway, why not be rewarded with a few free gift cards?!?
Skip Fancy Furniture
Do your clients really stop by all that often?
Or is this setup just for you and an employee or two?
While it’s important to be comfortable and have everything you need, you don’t need to spend a fortune.
Look to Craigslist. You’ll be surprised to find liquidations from businesses that are closing up.
Not only might you find a great deal, you might find a full set of matching pieces.
Be Creative About Where You Work
Do you need office space in a Class A building? Can you work from home?
Do you have a friend, relative, or business associate that has an office he or she can sublease to you?
Try looking towards accountants or lawyers. They can be great contacts to share leads with and often have more space than they need. So not only will you have an address and an office for your outsourced IT support business, but you’ll have opportunity to increase your client base as well.
The Bottom Line
It’s very important in the early days of your outsourced IT support business that you don’t spend money on things that don’t really matter in the long run. This article has given you some money-saving tips for purchasing supplies, furniture, and even having a meal out.
In what ways have you learned to pinch a few pennies to keep your business running lean during the startup phase? Please share your thoughts in the Comments box below.
And to follow-through on the tips introduced in this short article, be sure to download your free copy of the special report on How to Start a Computer Consulting Business: 6 Proven Ways to Build Your Initial Client Base.
Creative Commons Image Source: flickr Tony Crider
Topics:- Computer Consulting Business