3 Ways your startup could be saving money

by Startacus Admin
Finance matters for all businesses, but especially at the early stage. Here are 3 tips to help your startup save money that should help...
At the beginning of any business, there is one major concern: finances. There are a lot of questions as to whether the initial money you have will be able to support the business until it can start churning up a decent profit. There is never anything more worrying than the thought of your business not even having a chance because the cash flow stops. So here are three ways your start-up could be saving money, both right now and in the future.
1 Think about your bills
If you take a good long look at your bills, you will probably notice that is where much of your money is currently going. This is why it might be a smart idea, especially at the start of your business journey, to take a look at alternatives to your current utility suppliers, using a service such as Utility Bidder, so you can get better prices on your business's utility bills.
2 Clean up any financial loose ends
It's the unfortunate truth that at the beginning of starting any business, there is going to be some financial struggle. This is why you need to take a look at your credit score. You can improve this by paying your bills on time, clearing up any debt you might be in as soon as possible, and using your credit card as little as possible if you can.
This can be good for now, as you won't need to worry about getting pestered by lenders, and you can go forward in your business knowing that whatever debt you might have in the beginning has been paid off. Also, this saves trouble in the future, as your debts won't pile up, and it'll be easier to get a business loan in the future if you come across a rough patch as all businesses inevitably do.
3 Take some time nurturing your Social Media page
If used right, your business's social media page can be your greatest asset. Not only is this an excellent tool for advertising, but, if done correctly, it can bring in a mass of potential customers and build brand awareness and identity. It is also free, which means that you can save money on advertising. As you start to build up a huge following, you might find that other businesses want to collaborate with you, such as offering their software or product in return for you spreading the news about their business to your followers, for example.
Final Thoughts
To summarise, to help save some finances at the beginning of your business, you need to be resourceful and budget competently. You can do this by comparing your current bill supplier to other services to see if you could save money, make sure your credit score is higher to ensure that you get better options down the line, and by using the resources around you, such as social media, to advertise and get your brand name known. All of these things are relatively easily done and can help set your business on the right financial track.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.

Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.

With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.

The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.

The lowdown on Fluffy, the app offering dog training, 24/7 vet messaging and insurance to give pet owners peace of mind and support them with their pet care responsibilities.

Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.

Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.

Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.

The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.

With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
Published on: 20th May 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Tech Nation report reveals UK Tech could quadruple in value by 2032 with right conditions 23rd Mar 2023 Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.