Cash saving ideas (Part 1)

May 18, 2011 § Leave a comment

I asked this question to a range of entrepreneurial Scottish businesses – these are some of the answers. Thanks to all the contributors.

Brian Hughes Halferty – Kiltr.com

  • Try to negotiate fixed monthly prices for legal and accounting fees, they can easily catch you by surprise and always get a second quote at the very least
  • If you’re at the seed stage and people like your idea, try to negotiate a sweat equity deal over the long-term

 

Hugh Ilyine, DestiNA Genomics

  • Finding and working with really effective service suppliers       
  • Support from Scottish Enterprise through their Business Support service for High Growth Start-Ups

 

 Donald Cameron – EQSN

  • Good sales qualification.
  •  Webex to demonstrate and prequalify opportunities

 

Alexander Cole – Peekabu Studios

  • Judicious use of the right software can save you a bundle, especially on starting finances. Get some advice, definitely, but you’ll be surprised how much of your financial projections you already know.
  •  Never work for free – doing speculative work can be a huge drain on time and cost you big time in lost work if it goes sour. If it’s worth it to a client or investor to see some real work on the table, then it’s worth being paid for.

 

Billy Stenhouse – Baguette Express

  • Make suppliers phone you.
  •  Check you are getting the best rates from your bank and never accept they give you the best terms, be prepared to change.

 

Richard Burton – Hoodeasy.com

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