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Every Startup Needs This Advice

important advice for startups

Efficiency is the name of the game at Agents of Efficiency (obviously) so we’re making it even more efficient for you to improve your business. Every week, we sort through all the boring stuff to bring you the best tips from the wide world of the web. For this week’s #2tips4tues, we look at some important advice for startups.

 

Keep It Lean

Mike Kappel wrote at Forbes that startups should choose their space wisely: “Don’t be tempted to rent a fancy office or buy new furniture if it’s not in your budget. A decked out workspace does not translate into a successful company. In the early days of your business, put your money toward growing your brand, not your ego. You can add extra perks once you’re making steady revenues. Until then, take advantage of free or cheap spaces available. I did when I was a young entrepreneur.”

 

Local vs. Remote

At Fortune, Scott Galit wrote about the best way to grow: “At some point, a growing business will still need to scale its operations. For companies with a growing customer base abroad, going global can be the next logical step. You have to consider how much of your operations to keep ‘local’ and how much to build out ‘remotely,’ and whether having a direct presence in every region or developing local partners to outsource particular aspects of your business makes better sense.”