Be proud of your budgetary discipline

5:06AM | Monday, 13 May

This article first appeared on November 20th, 2012.   Recently, I managed to shock a few people over lunch by telling the tale of when I haggled with a salesperson over the price of a fare back from the airport.   “Sure, that young sales rep should have taken more personal responsibility. But haggling over the couple of dollars difference between a two-hour ticket and a SkyBus? Sorry to say, but that’s just being a scrooge,” they say.   A scrooge? As a kid, while other kids were busy watching He-Man, Old Taskmaster stuck up a bedroom wall poster of Scrooge McDuck. Hand drawn on reused paper too. Being called a scrooge is an honour!   Of course, long-time Taskmaster readers will know how much fun cost-cutting competitions at work can be. And who wants to pay for a vicuñacino when an instant coffee does the same job? Especially when that instant coffee comes in a bulk container you bought from CostCo.   Some people seek to persecute the financially prudent amongst us who are inclined towards saving over spending. “Miser. Cheapskate. Skinflint. Moneygrubber. Penny-pincher, Tightwad. Cheap,” they say.   What these spendthrifts need to understand is that when you’re building a business funded by someone else’s hard-earned savings, a little budgetary care doesn’t go astray.   If you succeed in doing what Instagram’s founders did earlier this year – sell a lean start-up with 13 staff to Facebook for $US1 billion – it’s you, rather than the big spenders, who’ll be laughing in the end.   So don’t be shy about cutting your costs or saving your money. Instead, show some (fiscally disciplined) pride!   Get it done – today!

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7:21AM | Thursday, 21 July

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Buy in bulk and save

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Everyone in business knows that buying more generally allows you to buy for less. But many start-ups lack the purchasing power (and the clout) to demand discounts by buying in bulk.

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Start-ups advised of Costco opportunity

12:00AM | Tuesday, 7 December

The early success of discount superstore Costco in Australia should inspire start-up retailers rather than intimidate them, according to a retail expert.