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A startup company is almost always synonymous with being short on business funding. Getting a business off the ground requires raising money and being efficient with that working capital. Here are a few tips to help you put your limited funds to good use as your business continues to grow.
Keep Marketing to a Minimum
In today’s digital age, there are so many ways to get your name out there without spending lots of money on traditional marketing. Start with Facebook, Twitter, Instagram and any other social media that might help spread the word about your company. Networking is essential to saving marketing money as well. Email all your friends and business contacts to let them know about your new product or service. Reaching out to local media outlets like local TV new producers or newspaper editors can also score you some free press and marketing.
Deal With Other Startups
Instead of just turning to the “big guys” for all your business supply needs, try talking with other startups first. These smaller companies may be willing to offer you better deals or try harder to meet your needs as they are also trying to get off the ground and make some good business partnerships.
Keep Credit Card Debt Manageable
While buying everything you need all at once on a credit card for your new office or your new product line may seem like an easy way to do things, a mountain of credit card debt can be crushing if you haven’t made solid repayment plans. Try to start with the bare essentials and try to finance future purchases from your business revenue. Keeping credit card debt to a minimum will not only keep you from being burdened by high interest rates, but it will also help build up your business credit score.
Every little decision counts when it comes to developing a successful startup business. Make sure each of those decisions is made purposefully, with your bottom line in mind and your company will be on a path to thrive.

Search for Small Business Loan Sources and receive your matched lender list
AND received FOUR free Business eBooks worth $39.95!
Search for Small Business Loan Sources