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6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

Now you can do it for free, or a few hundred dollars, with one of the many web building tools available, like Shopify or Weebly. You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. A programmer can build a new smartphone app for a few thousand dollars.

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White-label it: Make it ‘YOU’ inside.

Berkonomics

But, more often, this is just the virtualization of what we used to call outsourcing. On the web, not only does no one know much of who you are, but no one cares how you sourced your widgets. Forgive me, but I had no idea what that meant. You’re used to outsourcing payroll, bookkeeping, and logistics.

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9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Every aspiring entrepreneur I know is talking about the fact that there are over 2,000 billionaires in the world today, and how their innovative idea could make them one of the next ones. Don’t forget to market yourself before, during, and after your initial idea, through social media, websites, and events.

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7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

Attempt To License An Idea. Rationale: My idea is so mind-blowingly fantastic, I can sit back and collect licensing fees while someone else does all the work required to turn my idea into a successful business. Fallacy: Ideas are worthless, while skillful execution is priceless. Grant Exclusivity.

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Frank Addantes FounderBlog: 5. Outsourcing

Frank Addante

Outsourcing ► April (1) GoogleClick - Who owns your cash register? Web Development & Marketing Technology) Exit: evolved into L90 (next company) Lesson: What you dont know cant stop you. I have been outsourcing to India since before it became popular. I am still a big fan of outsourcing. A BIG THANK YOU. Be scrappy.

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How Starting A Business Fits Into Every Career Today

Startup Professionals Musings

With the cost of starting an online business today at an all-time low, I can’t imagine why everyone doesn’t have a web site and an LLC to mitigate liability and minimize taxes. New tools make it easy create your own web site, and manage accounting. Start networking for potential partners or people who can help.

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Bootstrapping: How Cutting Down May Be the Key to A Successful Small Business

Tech Coast Venture Network

Web businesses are obviously an ideal small business, but there are plenty of others that you can also do from home. Start on your own, and outsource later. While outsourcing labor may prove a much easier time for you as a small business owner, it will also add additional costs that you may not yet have the money to pay for.

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