Here are several ways to save money when you’re first starting out.
Startup history abounds with stories of entrepreneurs who made it big on shoestring budgets. Spanx founder Sara Blakely began her shapewear business in the 1990s with just $5,000 in savings, and Nike co-founder Phil Knight famously paid just $35 to the graphic designer who came up with the company’s iconic swoosh logo. Many big business owners became successful by keeping costs low and staying frugal.
Today, there are more ways than ever to save money as a new entrepreneur. Here are five strategies for startups to keep their finances healthy as they grow.