Minimizing unnecessary startup expenses – ABS-CBN News

Starting a business is just the first step in fulfilling your dreams.

The excitement of starting up a business is usual. It is like looking after a child and watching it grow. As days pass, business operations may stumble over a few things that may make you need to add more capital to keep the business going. Your goal is to be a wise entrepreneur. So, let me help you analyze what you need to do to save money as you start your business.

Cut rental fees
As the pandemic spread in 2020, several small businesses sprouted and took advantage of selling online. Some did not last long, while other entrepreneurs found their passion, such as in cooking or baking, and grew their business using social media. I know small businesses that continue to prosper even without a physical store.

If you think that the kind of business you wish to start is something that can be done at home or a smaller place, this can help you save money by cutting the overhead cost on rental fees.

Lease equipment
There…

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