{"id":570,"date":"2014-09-22T16:53:15","date_gmt":"2014-09-22T16:53:15","guid":{"rendered":"http:\/\/blog.thinkapps.com\/?p=570"},"modified":"2015-04-16T19:48:47","modified_gmt":"2015-04-17T03:48:47","slug":"save-money-early-stage-startup","status":"publish","type":"post","link":"https:\/\/thinkapps.com\/blog\/entrepreneurship\/save-money-early-stage-startup\/","title":{"rendered":"How to Save Money for Your Early Stage Startup"},"content":{"rendered":"

Aside from making sure you have a marketable, moneymaking, scalable idea, beginning your startup takes managing your own finances to make sure at the end of the day you won\u2019t have to panhandle while you\u2019re bootstrapping it.<\/p>\n

Of course, you can save money with ThinkApps<\/a>, but here are some top tips for saving yourself some cash while you\u2019re waiting for major investments from Peter Thiel or Kleiner Perkins.<\/p>\n

Food costs<\/h3>\n

Eating out might have been a pretty viable option when you were working for an established company, but that\u2019s not going to be the case when you\u2019re running an early stage startup.<\/p>\n

One option for saving money, while not having to compromise your wellbeing, is trying out Soylent<\/a>. The idea was born out of entrepreneur Rob Rhinehart\u2019s own need for sustenance while launching a company. Finding himself eating greasy quesadillas to get by, he wanted to come up with something that was cheap, healthy and fast. What he came up with costs $10 a day and has all the nutrients you need in a day.\"soylent\"<\/a><\/p>\n

If that\u2019s not your cup of tea, stick to cheaper homemade meals that include staples like rice, beans, tofu and more affordable meats, along with frozen vegetables if you still want to chomp down on food. You can even cook up vats of food and eat leftovers for days on end.<\/p>\n

Office space<\/h3>\n

Some of the most successful companies have grown out of homes; think Steve Jobs\u2019 parents\u2019 garage or Mark Zuckerberg\u2019s Harvard<\/a> dorm room. Heck, even working out of a storage unit that has free WiFi could work. Also playing into that is to live somewhere cheaper in general. If you want to live in the Bay Area to be exposed to still be exposed to the tech scene, live in Oakland or San Jose. If you\u2019re flexible to move, check out Seattle, Austin or Boston\/Cambridge.<\/p>\n

For those who find themselves more distracted at your house, it might be wise to join a coworking<\/a> space. Not only will you have a productive environment to work in, you\u2019ll also be able to bounce ideas off of other startup folks who may have different skill sets than yourself and who knows, maybe you\u2019ll meet a potential co-founder.<\/p>\n

\"coworking<\/a><\/p>\n

Pick up a side job<\/h3>\n

There\u2019s no shame in doing some babysitting, waitressing, administrative work or other part-time jobs to bring your bank account afloat while starting out. The experience could even give you great perspective when you\u2019re finally making it big. Just make sure you\u2019re not dedicating too much time to the side gig, as you want to have time to make sure you\u2019re putting your best effort into the new business.<\/p>\n

Hire remote employees from around the U.S.<\/h3>\n

You can hire a software developer in Utah or Kansas for 60-70% what you\u2019d pay in the Bay Area. They\u2019re in similar time zones and speak fluent English, unlike hiring somebody halfway across the globe.<\/p>\n

Cheaper cloud hosting<\/h3>\n

Try out something like Digital Ocean<\/a> or Linode<\/a>, which are about half the cost of the big names like Amazon and Microsoft.<\/p>\n

All these tips should help you save up to start the next great company. Have any other brilliant suggestions? Leave them in the comments section.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Aside from making sure you have a marketable, moneymaking, scalable idea, beginning your startup takes managing your own finances to make sure at the end of the day you won\u2019t…<\/p>\n","protected":false},"author":20,"featured_media":573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[85,365,16],"acf":[],"yoast_head":"\nHow to Save Money for Your Early Stage Startup<\/title>\n<meta name=\"description\" content=\"Beginning your startup takes managing your own finances to make sure at the end of the day you won\u2019t have to panhandle while you\u2019re bootstrapping it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thinkapps.com\/blog\/entrepreneurship\/save-money-early-stage-startup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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