Entrepreneurialism Information

Starting a Company on a Shoe-String Budget


A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources. Below is a list of tips to help you save money when you're first starting a company:

  • Manage your finances in MS Excel, not Quickbooks.
  • Manage your contacts in MS Outlook, not ACT.
  • Get free legal and accounting advice from law/business students or lawyers/accountants who are willing to do pro-bono (free) work.
  • Look for and join organizations that support youth entrepreneurs and small business owners.
  • Hire unpaid interns and make their job exciting.
  • Partner with somebody instead of paying them.
  • Use credit cards.
  • Get free, professional advice from SCORE, Teachers, and Professors.
  • Get investments from family and friends.
  • Find organizations who incubate startup companies or companies who might have office space that might be willing to let an aspiring entrepreneur use it. Perhaps, your school will let you use their copy machines and phone lines.
  • Swap services with a company instead of paying them.
  • Learn how to do graphic design and web design yourself. If you have these two skills, the startup costs of every business you have in the future will be dramatically reduced.

Michael Simmons is the author of the best-selling book, The Student Success Manifesto: How to Create a Life of Passion, Purpose and Prosperity and an award-winning entrepreneur. He is also one of America's top youth motivational speakers for college campuses. Read his online journal at young entrepreneur journey or click on the following link to download his free success ebook


MORE RESOURCES:

Should we penalise firms that price-fix?
nebusiness.co.uk, UK - 18 hours ago
And if a company was to capture, say, 80% of its market, shouldn’t we be celebrating the management’s shrewd entrepreneurialism rather than sending for the ...


You’ve heard of road rage. You’ve heard of PMT. Now there’s e-Rage.
Real Business, UK - Jul 9, 2008
A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular ...


Don’t Ride The ‘Doom & Gloom’ Bandwagon
ZDNet UK, UK - Jul 18, 2008
The spirit of entrepreneurialism has never been stronger than it is now in the UK with programs such as The Apprentice and Dragons Den. So all in all, ...


Secrets of Today's Modern Woman
MarketWatch - 11 hours ago
... to listen and learn from four inspiring and successful role models on health, career, family, entrepreneurialism, financial affairs and life-balance. ...


The Business Limitations To Entrepreneurialism
Gather.com, MA - Jun 25, 2008
by Nazeer D. From a business perspective, entrepreneurialism is vital to commercial success and the health of the economy. We need individuals with bags of ...


MLive.com

Terry Duperon: The balance of power, part 2
MLive.com, MI - Jul 17, 2008
All seven have it. Terry Duperon is president of Duperon Corp. in Saginaw and a speaker, author and educator on innovation and entrepreneurialism.


Matt Seaton's top 10 books about cycling
guardian.co.uk, UK - 14 hours ago
Few others have done so much to foster the culture of cycling, through entrepreneurialism, publishing and writing. His history of cycling is, for my money, ...


Igniting Your Business Spark
Gather.com, MA - Jul 9, 2008
by Nazeer D. Entrepreneurialism and business go hand in hand, and igniting your initial business spark and passion is an important process in getting any ...


The China Code: From Robotic Depersonalization to Epic Ambition
Huffington Post, NY - Jul 17, 2008
Today, entrepreneurialism has complicated matters, but men still progress with precision through key life markers - buy an apartment by the age of 28, ...


Bing has biz support for run
Crain's Detroit Business, MI - Jul 14, 2008
She said the next mayor's priorities should include getting rid of scandals and underhanded deals, and having a “measurable spirit of entrepreneurialism ...
Piston Great Dave Bing - May Step Up to Get Detroit on Track My TV20 Detroit
all 2 news articles

Entrepreneurialism - Google News

home | site map
© 2006