Rent don’t buy
Obviously renting your office space helps save money early on. However, also consider renting office supplies, equipment and furniture to save some dough.

Hire with care
Nothing drains money like too many employees. Early on, it’s better to have too few employees than too many.

Find your niche
Many startups waste money by painting with too large of a brush. Instead, find your niche and use your money to attack that specific niche.

Limit travel
Business travel is fine once you have a business that is bringing in money. Early on, though, it’s best to avoid travel if at all possible.

Don't be afraid to pinch pennies (Image: Flickr)

Post from: EveryJoe

Money Saving Tips for Startup Companies