Have a million-dollar business idea, but not a million dollars? Not a problem when you do things like skip the space and make personal sacrifices.
So, go ahead and set aside space in a spare bedroom, basement, garage, or even a shed, and cut the cost of renting or buying office space out of the picture.
Can’t work out of your home all the time? You can try a place like a local coffee shop, library, or even park . When I started my first business, I had to make quite a few personal sacrifices. I’m not talking about cutting back a couple of expenses here and there. I’m talking hot dogs and mac and cheese broke for the first three years of business ownership.
I budgeted every penny. And for entertainment, I budgeted $6 a week for my wife and me to go out every Friday night . Our cars had bald tires and worn brakes. We ceased buying new clothes. You get the picture. Sacrifices were made for the sake of my business vision. Now, the type of sacrifices you’ll have to make for your business depend on how much you have in your personal savings and how much additional income your household brings in. But I’m willing to bet most newbie business owners make
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