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Smart Ways to Save Money

Money-saving tips for businesses on a budget
February 23, 1998
URL: http://www.entrepreneur.com/article/22604

Business Start-Ups magazine, February 1998

If you're setting up a homebased business on a tight budget, cut out the frills.

Before buying new office furniture or equipment, consider making do with what you have. Use an old desk or a table that isn't being used. If that doesn't work, check out used furniture stores or thrift shops, where you can also find filing cabinets, chairs, bookcases, lamps and other office furniture and accessories at bargain prices.

Outside services too expensive? How about trade-outs instead of pay-outs? When Patti Negri started Premeditated Productions, a murder-mystery dinner theater in Hollywood, California, the company couldn't afford promotional services. But a fledgling public relations agency was willing to help generate publicity in return for complimentary show tickets.

Barter has become popular across the nation--and on grand levels, with individuals and corporations swapping everything from vacations and cars to bookkeeping services and computers. Perhaps you can find an accountant or an office-supply store that needs your service or product and is willing to make a trade.

Other money-saving tips:

Paul DeCeglie is a former staff reporter for Journal of Commerce and American Banker. He can be reached at MrWritePDC@aol.com