How to Save Money in Your Startup?​

1
How to Save Money in Your Startup?
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5 Money-Saving Tips for Startups
3
Negotiate With Your Vendors 

• It seems like a far-fetched shot that a vendor
  may lower their said price, but you would be
  surprised to know what people can do to save a
  good business relationship in the long run. You
  can also request your bank to lower the fees and
  other charges

4
Market Your Existing Customers 

• Getting new customers costs several times more
  money than retaining the existing ones. So
  instead of spending all your marketing budget on
  acquiring new customers this year. Use a specific
  part of it to maintain your current ones.

5
Get Sponsors for Events 

• Events are an excellent means to extend your
  network and get more customers and suppliers,
  especially if you are into a B2B business. You
  can find sponsors for your events who would pay
  for the entire event for advertising their brand
  or products in the event. 

6
Outsource Non-core Activities 

• Another way to save money in 2022 is to outsource
  your non-core activities to an outsourcing firm.
  It helps you reduce your cost and also improve
  your efficiency.  Outsource functions like IT,
  accounting, and human resource management to
  firms with their core activities.

7
Hire Credit Management Services 

• Even before the pandemic, one of the major
  problems many startups faced was payment
  defaulters. Delayed and unpaid invoices from your
  supplies can cause your cash flow to waver.
  Hiring credit management services can help you
  ensure no payment defaulters. 

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To settle your money, you can approach
the CreditQ team to help you with the payment
settlement process.

• Thank You