Runway is one of the scariest topics for entrepreneurs. Once you reach the point where your company is going to be out of money, you’ll think about all the expenses you could have cut. One of the best ways to prevent this is by running lean. While some entrepreneurs take this to the extreme, there are simple ways you can save cash and still get amazing results. Here are some of the easiest ways to do it.
1. Substitute an office for a co-working space
Co-working spaces are becoming popular all over the world. The set up is ideal for entrepreneurs, who want to be able to work on their companies but don’t have the money to afford an office. Besides cheaper rent, one of the benefits of a shared workplace is you get to bounce ideas off of other people. In fact, there are several co-working spaces built just for entrepreneurs. That way, you can pull all nighters with other companies, and ask others for advice who’ve been in your situation.
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