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Monday, January 21, 2013

Save money when starting a business


You can wait your whole life time to open your business as something is always going to prop up and get in the way of you starting it up. If you have some money saved away for your business opening and you believe it is not quite yet enough, it is sometimes wise to use that money and not put it off any longer. For example, if you are able to open your business on a budget, you don't really need to spend a fortune; there are ways which you can save on the money.


The most important factor about opening your own business is the location which you choose. If you are selling products which you believe will sell best in a busy city centre area, then you are going to have to fork out and spend a little extra on the good location. Paying rent in city centres is always a little higher to what you would pay if you were located outside of the city centre. There is no point in paying the lower rent if it is going to make you lose all your potential customers.

If it is not critical that you need to be in a city centre environment, then you should choose a location which has the lower rent payments. However, it is important that you choose an area that is easily accessible for customers and clients to come visit you.

Equipment and furniture

Instead of buying brand new furniture and equipment, why not look at buying it second hand? It is possible to buy almost any furniture and equipment second hand; this can include used computers to used machinery. If you are after used equipment, it is advised that you should shop around to get the best price possible.

If you are buying used furniture, you should make sure that it is still pleasing on the eye. The last thing you want is your business looking tatty and a mess, this may put off any customers and clients which you have, it is said that the look of your business will have an influence on how well you perform. 

Make sure any equipment that you are going to buy is in full working order before you agree to purchase. If you need quite a lot of equipment, then you can buy in bulk from a second hand centre where you will often get a discount if you buy quite a lot at once. You should also request that you get a long term warranty so that you are covered if anything happens to the equipment once you have it back at your business.

About the author: Harry started his own manufacturing business on a budget; he shopped around to get the best deals on used machine tools. For more information, go to http://www.industrialmachines.net