How To Start Your Business And Keep Costs Low

Do you want to start a business but you are worried that you don’t have enough money to get it up and running? Don't worry! You can still get a great start with the right information and resources. With the advancement of technology and the rise of the gig economy, it is now easier than ever to start a business cheaply.

Becoming an entrepreneur and starting a new business can be costly, so doing as much as possible for free in the beginning can help you save money and minimize expenses. There’s also a ton of free information out there to help you educate yourself on what it takes to launch your business.

Starting small is key to starting a business cheaply. Instead of investing a large amount of money upfront, start with a small investment and gradually scale up as your business grows. For example, instead of leasing a large office space, start by working from home or a co-working space. Starting with a lean budget allows you to test your ideas and validate your business model before investing too much cash. However, it's important to balance cutting costs with knowing when it’s time to work smart and invest in paying the professionals in order to help your business grow faster.

Here's Some Tips To Help You Get Started:

Understand What You Need to Know: Take the time to gain a basic understanding of your industry and business basics. I have a course on this very topic. Research topics like financials, marketing, customer service, and more.
Take Advantage of Free Resources: Utilize free online resources like government websites, industry publications, forums, and more to help educate yourself. YouTube is a fantastic place for learning and getting answers to questions. Also, take advantage of webinars, podcasts, and other online content.
Network and Connect with Mentors: Find mentors in your industry and build relationships with them. You can shadow them at no cost to you. You can also join professional networks and attend industry events to further your education.
company is called B4 - Bare Bones Business Basics. I teach aspiring entrepreneurs who don’t know where to start, how to launch a business the right way. Learn more about my course. You can also find local business-related workshops or seminars.
Do Different Types Of Research: Read books, articles, and other materials to help you gain an understanding of the industry. You can also watch videos or attend industry conferences to gain more insight.
Get Friendly With Technology: Technology can help you get organized and stay connected with customers and other professionals. Take advantage of tools like project management software, cloud storage, and more.
Implement: Put what you learn into practice. Start small and work your way up. Get feedback and make adjustments as needed.

FREE Software

After you research, educate yourself, take a step by step course on how to start a new business, network and glean from your mentor, it’s time to prepare and run your business. Here are some of the best FREE software options for a new business:

Google Workspace: This suite of tools includes Gmail, Google Drive, Google Docs, Google Sheets, and more. It's a great option for businesses that need email, document collaboration, and cloud storage. They just announced AI (artificial intelligence) for almost all of their Google Workspace tools.
Trello: This project management tool is great for organizing tasks, assigning deadlines, and tracking progress. It's a simple and intuitive tool that's easy to use.
Asana: This is another project management tool that's great for teams. It allows you to create projects, assign tasks, and track progress.
Slack: This messaging app is great for communicating with team members. It allows you to create channels for different topics, send direct messages, and integrate with other tools.
Hootsuite: This social media management tool is great for businesses that want to manage multiple social media accounts from one platform. It allows you to schedule posts, track analytics, and engage with followers.
HubSpot CRM: This customer relationship management (CRM) tool is great for managing customer data, tracking sales, and automating marketing campaigns. It's a robust tool that's free for up to 1 million contacts.
Canva: This graphic design tool is great for creating marketing materials, social media graphics, and other visual content. It has a user-friendly interface and a large library of templates and design elements.This is my absolute favorite tool for creating graphics for my small business. They also have an AI feature called Canva Magic Write.
Wave Accounting: This accounting software is great for small businesses that need to track income and expenses. It allows you to create and send invoices, track payments, and generate financial reports.

These are just a few of the best free software options for a new business. Each of these tools can help you streamline your business operations and keep costs low, while still allowing you to operate efficiently and effectively.

For your initial organic marketing, use social media to promote your business. Social media platforms such as Facebook, Twitter, and Instagram are great marketing tools for small businesses. Create a social media presence and use it to promote your products or services, engage with your customers, and build your brand.

When To Start Spending Money

Before you get all comfy and cozy with the FREE.99 universe, it’s important to note that you will have to move away from the free stuff and start spending money to build your business. The right time to start spending money in your new business is when you have a solid understanding of your target market, have identified key areas where investment can make a significant impact on growth, and have a clear plan for how you will generate revenue to cover your expenses. Remember, investing in your business can be a key driver of success, but it's also important to be strategic and cautious with your spending.

Free tools will not carry you into the long term. Eventually, it will benefit your business growth to pay for next level help via courses, coaching, technical and administrative support, marketing and social media strategists, accountants, legal professionals, graphic designers, etc. You have the freedom to decide what’s the best fit for you and your entrepreneurial goals. But, the good news is that YOU CAN START NOW AND KEEP YOUR NEW STARTUP LEAN.

Start small, access today’s tech and get moving! If you are an aspiring entrepreneur and need a step by step roadmap on how to Start Your Dream Business, Idea to Launch, check out my online course HERE or visit www.b4businessbasics.com

HEY, I’M MIA…

I'm a multi-passionate creator, small business owner, designer, wife, mother of three, foodie and travel daydreamer born and raised in Los Angeles, California.

I'm a digital product entrepreneur and small business startup coach who teaches aspiring entrepreneurs who don't know what to do, or where to start, how to create and launch their dream business.

I'm excited to partner and coach those who desire to share their gifts and talents with the world through entrepreneurship; from starting a side hustle to creating a legacy by being in business for themselves, resulting in lives changed and communities uplifted.

Favorite Quote: “Life is a great big canvas. You should throw all the paint 🎨 on it you can.”