Colin BenjaminWednesday, 10 October 2012 12:59
We need help fast and cheap!
My business partner and I are currently working in a new business unpaid and we can afford to do this for another five months.
Do you have any tips on how to get as much low-cost help as possible in this time? We feel we’re racing against the clock on this.
Despite all appearances to the contrary, there is no such thing as a free lunch.
Costs are the manifestations of business operations that cannot be avoided but can be reduced through a combination of very simple processes.
Here are five ways to reduce those costs:
You will always be racing against the clock, a dwindling bank balance and the search for an effective source of customers.
That’s the nature of small business.
The trick is to turn time into a schedule, plan for growth based upon solid business and marketing plans and avoid making major financial commitments that are not backed by your accountant and your bank manager.
Dr Colin Benjamin is creator of the widely used Roy Morgan Values Segments and strategic marketing tools presented in marketing courses across Australia. Colin is the voice of Australian social marketing iconic character "Norm" as the (Hon) Director General of 'Life. Be in it.' and acts as a professional mentor to a number of charities, SMEs and NGOs and Chairman of the Melbourne Think Tank - Marshall Place Associates.
Ask Colin or any other StartupSmart Mentor a question here.
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