You've heard the statistic a million times before — 55 percent of startup businesses fail within the first five years. The statistic varies depending on the source of the information, but they're all in the same ballpark.
That first statistic comes from Statistic Brain, which also notes:
25 percent of startups fail within year one
36 percent fail by year two
44 percent by year three
Makes you feel kind of uncomfortable, doesn't it?
In order to increase your chances of success, it only make sense to save money where you can to ensure the health of your business. At the same time, you don't want to make your business look like the cheap alternative to the competition. Here are some tips:
1. Save Money with Coupons
Families always remember to do it, but businesses often overlook this avenue. If you need office equipment or product for customers, use websites like RetailMeNot.com to cut costs without compromising product quality.
2. Need a Professional Logo?
Logo Garden allows you to make free logos in just a few clicks. These design services simpligy what can be quite a complex design processes. A professional designer or service costs several hundred, perhaps even a few thousand, dollars. But you can still get a marketable... Read more