You might have heard that opening a new business costs a fortune, and we’re here to tell you, it doesn’t have to. Instead, opening a business can be a completely affordable venture for anyone who wants to give it a go. We wouldn’t say that you can do it with less than one hundred pounds in your bank account. However, you can certainly get started without a few thousand to spare. How exactly? Join us as we uncover the secrets of businesses that are cheap to setup and run.
Don’t Bother With A Business Office
Do you think that you need an office to run a successful business? On the contrary, a business office is nothing more than an expensive liability. If you have a business office, you are opening yourself up to numerous lawsuits including personal injury claims. Personal injury claims could end up costing your company a fortune. They have been known to rise as high as half a million in damages for a single injury! We haven’t even thought about the cost of purchasing the office or even renting it. You can guarantee it’s going to take a sizeable chunk out of your business budget.
Instead, run your company from home. You’ll save on costs, and you won’t have to worry about the responsibility of owning an office. You’ll be solving two problems by making one, easy choice.
Buy Tech Second Hand
Do you need technology to run a business? Yes, you do, at the very least you’re going to need telephone systems. However, you don’t need to purchase these brand new. Instead, you can buy them second hand and save a lot of money in the process. Rather than costing you a couple of hundred a full setup can be less than fifty. You can get a used Samsung phone system that will fit into even the most modest budget.
Don’t stop with technology either. You should also be looking at buying other items for your business second hand such as furniture. If you need office chairs or desks for your home office, buy them second hand online. You’ll save a fortune with your setup.
Free Marketing And Publicity!
A lot of business owners waste a fortune on expensive marketing campaigns and promotion. We have to wonder why when you can market your business for free online. At zero cost, you can setup a blog. Once you have filled this blog with content, you can share it through social media. As your customers indulge in sharing the info, your site ranking increases. More customers see your business online, and you haven’t spend a penny. You can use that extra money however you like, but we recommend one option over the rest.
Renewable Energy
If you want a smart way to invest any money you have for your first year on the market, think about renewable energy. Investing in renewable energy will allow you to keep your future costs low. Due to this, your business model will be easier and cheaper to manage. The initial cost might seem pricey, but it will save you a fortune further down the line.
This article was provided by ellie jo