Startups Looking to Maximize Technologies Should Do This When you don't have a lot of money, focus on finding the right space.

By Andrea Huspeni

Opinions expressed by Entrepreneur contributors are their own.

ZTC

For many startups, especially hardware ones, building a product isn't cheap. There are expensive parts and machinery, along with costly technology.

To help decrease the costs, many entrepreneurs are turning to collaborative spaces that provide shared resources, like 3-D printers, wood shops and metalworking equipment. One being Alex Chatham.

Related: 6 Benefits of Coworking With Strangers

In this video, the co-founder of Spacial, a drone company that records indoor events, talks about how he utilizes technologies at resident-space New Lab and what advice he has for others.

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Here's What Companies and Services Are Open and Closed on Juneteenth 2025

Juneteenth was designated as a federal holiday in the U.S. in 2021.

Business News

The U.S. Added Over 1,000 New Millionaires a Day in 2024. Here's How That Compares to the Rest of the World.

UBS revealed its latest report on global wealth on Wednesday, which looks back on wealth trends.

Leadership

This Founder Noticed a Stark Change at a Local Pride Parade — and Says It Creates a 'Real Opportunity' for Small Businesses

Tanner Graham, co-founder and CEO of General Idea, reveals how business leaders can step up this month and beyond.

Leadership

How to Make Smarter Decisions Under Pressure, From an ER Doctor Who's Done It for 20 Years

We asked an emergency physician who studies decision-making under pressure about leadership. His insights reveal why the best leaders think like scientists of themselves.

Thought Leaders

I Spent 20 Years Watching Brands Rise or Fade—This Is What Separates Them

Many entrepreneurs turn to PR only when they want immediate results, but strategic visibility is a long game.