5 Bootstrapping Strategies Every Startup Should Be Using
Money is frequently the biggest issue for startups. You have to spend money to make money, but there isn’t much to begin with. Don’t despair with a little bit of common sense and a bootstrapping mindset, you can stretch your hard earned dollar a long way. Here are five tips to get you started. 1. Take advantage of the SaaS wars. Software as a service is a multibillion dollar industry with new companies trying to get a piece of the pie every month. In order to gain market share, some companies provide free plans which could easily compete with competitors’ paid versions. For example, Bitrix24 offers a free CRM that’s better than 95% of paid CRMs. Asana (of ex-Facebook fame) is a terrific project management service that’s free for any company with 20 employees or fewer. Wave Accounting has an extremely generous free plan that can save you thousands. Any business tool you can think of (invoicing, conference calling, benefit management, time sheets)...