8/14/2021 Tip: Watch Spending Closely At Startup | Growthink

8/14/2021 Tip: Watch Spending Closely At Startup

Today’s Quote

“Success is the progressive realization of worthwhile, predetermined, personal goals.”
~Paul J. Meyer

 

Today’s Tip

Most startups are very cash constrained. Importantly, one of the things you can control as a startup is how much you spend and what you spend it on.

This will change in time, but if you can spend wisely in the beginning you may be able to avoid a cost cutting exercise further down the line. For example, if you spend too much for an office lease early on, you may have to make the painful and expensive decision to downsize your space later.

While it’s normally true that you have to spend money to make money, you can still be smart about the spending process. Be most cautious about your purchases in the beginning when funds are the scarcest. Always negotiate a better deal with vendors and delay anything expensive until you can justify it later on.

 

Today’s Resource

The Funding Pyramid (TM)

I discovered and trademarked The Funding Pyramid (TM) formula a few years ago.

This is how it works  <–

It’s the precise formula I discovered and have used to help entrepreneurs and business owners like you raise billions of dollars. 

I lay out precisely how The Funding Pyramid (TM) works, and how to use it in your business today.

 

Trivia

Today’s Question: Headquartered in Sandy Springs, USA, which company is the world’s largest package deliverer handling more than 15 million packages a day in over 200 countries?

Previous Question: What is the title of the landmark television commercial that launched the Apple Macintosh in the US in January 1984?

Previous Answer: 1984.

The commercial aired on January 22, 1984 during a break in the third quarter of Super Bowl XVIII. The ad showed an unnamed heroine (played by Anya Major) wearing red shorts, red running shoes, and a white tank top with a Picasso-style picture of Apple’s Macintosh computer, running through an Orwellian world to throw a sledgehammer at a TV image of Big Brother—an implied representation of IBM—played by David Graham. 

This was followed by an on-screen message and accompanying voiceover by actor Edward Grover: “On January 24th, Apple Computer will introduce Macintosh. And you’ll see why 1984 won’t be like 1984.” At the end, the Apple “rainbow bitten apple” logo is shown on a black background.

 

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