The Smart Way to Begin Your Business: “You Need Less Than You Think”
Do you really need ten people or will two or three do for now?
Do you really need 500,000 L.E. or is 50,000 L.E. (or 5,000 L.E.) enough for now?
Do you really need six months or can you make something in two?
Do you really need a big office or can you share office space (or work from home) for a while?
Do you really need a warehouse or can you rent a small storage space (or use your garage or basement) or outsource it completely?
Do you really need to build a factory or can you hire someone else to manufacture your products?
Do you really need an accountant or can you do it yourself?
Do you really need an IT department or can you outsource it?
Do you really need a full-time support person or can you handle inquiries on your own?
Do you really need to open a retail store or can you sell your product online?
You get the point. Maybe eventually you’ll need to go the bigger, more expensive route, but not right now. There’s nothing wrong with being frugal!
We Said This: Great companies start in garages all the time. Yours can too!