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Low-Cost Startup Secrets

Overwhelmed with monetary stress over launching your business? Here are some cheap--and free--ways to get the job done.

By Marisa Liza Pell

So . . . you have a great idea and you're brimming with excitement about being your own boss! But then you do some research and find out you need more money, legal papers, an accountant, business loans . . . the list seems endless. Suddenly, the prospect of starting the business seems to be more trouble than it's worth-and you end up staying with your current job.

But starting a business doesn't have to mean emptying your pockets, draining your back account and maxing out your credit cards. Here a eight ways to cut your expenses when starting a business:

Get free advice from a successful mentor who's already been through the rough-and-tumble first stages of starting a business. You should find someone who has 100-percent faith in you and your business idea. And your mentor should preferably be someone who's already stable and established, not some overnight success: A good mentor who's already experienced business success will have been through a lot of ups and downs and can offer useful advice on what not to do when developing your business. This alone could save you thousands of dollar.


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