How to Save your Startup from going Bankrupt!
I’ve seen many startups run out of funds without achieving any feature updates just because they spent too much money on miscellaneous. Even tho they might look like small monthly payments; they add up before you know it!
Here are some tricks you can use to ensure you don’t go bankrupt before making the basic features of your startup!
Communication
Use Discord instead of Slack! Discord is free, slack isn’t, and you need communication daily, so be thoughtful.
Meetings
Use Google Meet & Calendly instead of Zoom! No time limits and no costs!
Hosting
Use free hosting whenever possible! Firebase, GitHub, Google, etc.; use free hosting till you have 1–10k users!
Domain
Buy the cheapest option not just for the first year but also for the rest. Most domain sellers show you 90% off on the first year with 200% more for the rest of the years, be careful!
Tech Functionality
“forgot password” isn’t important as your main functionality. Stop putting time, effort & money into useless features and start grinding on the must-haves for investors & customers.
SEO/Content Writer
ChatGPT, Writesonic, there are so many AI tools for free that can help you lower your expenses; USE THEM!
Designs
I admit this should be good, but choosing the perfect design over giving time to functionality is just one path that leads to bankruptcy!
Let me know if I missed something here!
If you need my help with anything do let me know in the comments or send me a message!
Links:
- https://alizahidraja.com/
- https://alizahidraja.com/projects
- https://www.linkedin.com/in/alizahidraja/
- https://github.com/alizahidraja
- https://twitter.com/alizahidraja
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