Startups, hack money incomes and outcomes – spend money on the right things

Hack money incomes and outcomes

Find creative ways to avoid unnecessary costs and get as much free resources as you can.

In the beginning of our startup, we didn’t have an office. My partner and I worked from our home, so we did not have to pay for an office space. But after some time, we were starting to grow the development team. We needed a place to meet with everybody. We rented a place at a very low cost. We tried to find co-working offices, but in our region it would cost more than having our own space. Then we needed to buy furniture. We discovered that new furniture prices were very expensive. We found a great alternative: asked some relatives for donation and also looked in auction websites. We could set up everything we needed for the office with less than US$500.

“In our company we have policy that you can spend company’s money on whatever you like, but you should treat it as it was yours. If you need something, it is ok to buy it, if you would pay for it yourself, too. It is kind of test that your really need that.” – Veli-Pekka (entrepreneur).

The day we bought furniture in an auction website
Continue reading