If you’re like most aspiring entrepreneurs, you’re probably not overburdened with wealth. So to start your business, you’re going to have to be extra frugal with what little money you have. “In the beginning, when you’re trying to build the business, you really do want to save on your expenses to make whatever money you have last longer and to give your business more of a shot,” says Jamila White, co-founder of The Bootstrap Babes, a blog full of ideas and money-saving advice for entrepreneurs. Check out the following cash-stretching tips from experts and these inspiring in-the-trenches tales from bootstrap entrepreneurs who are now making millions.
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Whether or not you’ve ever owned a business, no doubt you’ve filed a personal tax return. As April 15 approaches, you and millions of other Americans prepare and file an IRS Form 1040. You report your income to the government, take any deductions that the government allows, and determine how much tax you owe (or how large a refund you will be receiving).
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You may plan to start an online business that specializes in hand-painted crafts and house items (i.e. painted glasses, ceramics, toy boxes). You may plan to target buyers from all over the world.
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Ready to get it all down on paper, but not sure where to put it? We’ll help you with the format and elements of your marketing plan.
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Determine whether your business will succeed by evaluating these six aspects.
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