What you do not need to spend money on in a startup?

spend money

New enterprises open almost every day and each of them has the main task – to survive. Moreover, survival is often connected not with the amount of money at the start, but with the ability to rationally use it. Nothing more in the first days of existence – this is the main principle of doing business myadpcard. We will show you what you can refuse to save money at the start.

1. Work phones and computers

The modern world requires the necessary minimum of equipment to work. And the telephone and computer occupy the first place in the list of such equipment. Even though without them there is nowhere, you can always find a way out and offer staff to use their equipment to solve workplace issues.

This may become a prerequisite for hiring, and the company may promise to pay a certain amount of compensation for the operation of its equipment, or increase wages or promise certain benefits to those employees who independently equipped their workplace.

You can also save money on software by using free text and image editors, cloud services for storing and exchanging data, tests or light versions of paid software.

Believe me, the whole world lives by this system. Now you have absolutely no extra money, and you’d better spend money to top up an employee’s mobile phone account than buy a device and not call it due to lack of money in your account. Over time, as the company grows, it will be possible to reconsider its approach and invest in the purchase of equipment for work that would be owned by the enterprise.

2. Accountant

If in addition to you – the owner and, possibly, the co-owner of the enterprise – the company employs no more than three people, then you do not need an accountant. You can calculate your wages and pay taxes on time yourself.

Take some expert advice, read related literature, lead your books, or install an ERP accounting software. With the help of an ERP accounting software, you can easily manage day-to-day business activities such as accounting, procurement, project management, risk management, as well as compliance, and supply chain operations.

3. Beautiful domain name

Any SEO specialist will tell you that having a readable company name in a popular domain zone will be a big plus for business. However, this does not mean at all that the less popular domain zone and the abbreviation or additional words in the address bar of the site (other than the name of the company and/or explaining the contents of the site to the user) do not have a right to exist. It’s stupid to spend money on a domain name if you still need to pay for the services of a content manager. Spend better on the content, and the “beauty” can be brought back later.

Stay away from private domain owners offering you a beautiful name for fabulous money. This is an unjustified waste that may not bring any dividends for a long time.

4. Educational programs for employees

It is not only possible but also necessary, to invest in professional growth and improving the qualifications of employees. Each team member will be only happy if he finds out that you care about his competence through inclusion in various educational programs.

But this is not for the start, but for those companies that have reached their maximum at a certain stage, they have squeezed out everything possible from their employees and are ready to move on. Even a small paid training can shake a startup’s already weak financial balance. Do not give up this idea, but put it off until more prosperous times.

5. Service vehicles

The car is not a luxury, but a vehicle. Therefore, if it will be used only for status so that it stands beautifully in the parking lot in front of the office, then investing in its purchase is a bad idea. For business trips around the city, your old private car, which has been rolling you and your family for many years, is quite suitable.

If your work is inextricably linked with the delivery and transportation of goods and if you do not do it yourself, then consider the option of hiring an employee with personal transport. Even with fuel costs, maintenance, insurance, and repairs, it will be much cheaper than buying a car in the property.