Finance

Cost saving in startups via shared resources

  • October 28, 2017
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Many start ups are generally started on a shoe string budget where one or more than one founder has an idea for a product or service. The product or service while in the stage of development needs a lot of funding and the founding team needs a lot of liquid cash which needs to be squeezed through personal savings or cost cuttings. Many start ups have better ideas to use money wisely. Since a formal office set up is necessary with all the resources one has to make an investment. The investment thus made needs to be made in such a way that it does not really tax the budget of the core product and still gets all the work done smoothly. Sharing of resources among team members is the most vital and wise decision once can make in start ups.

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The immense benefits of sharing resources for startups

Sharing resources has many personal and financial benefits for us. One of the biggest benefits is it saves you money and time because with the sharing of resources we can easily share data, software, and hardware for different users especially when resources are limited and the start up is tight on budget. It gives you a chance to communicate with different people and makes new friends. When you communicate with different people it gives you a chance to expand your network that is quite important for a start up. A bigger and better network is surely going to help you in your business prospects as a start up needs to get a lot of exposure especially via word of mouth. It develops feelings of collaboration between the employees of the start up and they also start collaborating with people from other companies that will surely pay in the long run. It is a good sign for every business because collaboration is the foundation of the every business.

Resource sharing using a connected network

Sharing resources is very useful for small business owners to save money and time. You can easily share resources by using peripheral devices such as printers and scanners. Using network connected resource sharing you can share information among different users at a same time. By sharing resources you can do your work more smartly and at a faster pace. The best thing about resource sharing is it does not take a lot of time and saves you a lot of money. Network connected resource sharing is not very difficult. For example an employee not only prepares the reports on his computer but also has it transferred to the manger’s hard disk without using bandwidth.

Hardware Sharing

Nowadays sharing hardware is quite common and it is one of the major cost saving options available for start ups. Many computer resources such as printers can be set up so that the network users can easily share the printer with others. At the present time we can see that many offices share hardware like printers and scanners especially where 20 or less employees doing work in a department. It reduces the cost to purchase new hardware and increases the work productivity.

Internet Access sharing

Internet access sharing is a kind of local area network where one computer has access to the main network and other computers are attached to it. It is very useful for small business such as online marketing agencies since via internet access sharing different people can do their work with one internet connection. One of the biggest advantages for internet access sharing is that is saves your money as you are sharing your internet access and don’t need many routers for sharing internet in your start up.

Carpooling Help you save money

Carpooling has many benefits. It is the best idea for every businessman or working person who wants to start their new business with cost saving. It is the best way to save you money because it reduces the cost for long distance driving. It also covers unexpected repair and maintenance’s if you share your vehicle with your friends and colleagues. You can also save money on fuel because you can get money for fuel from your carpool team. Carpooling not only saves you money but also gives you a chance to make new friends and reduces your stress because when you are not driving at that time you can do something that can relax you like music. It is the best way to increase your work productivity because when you are relaxed then you can do your work properly and peacefully. In simple words carpooling not only saves your money but also increases your work productivity.

Shared office space

Shared office space is another effective way to cost saving especially when you do not need to work every day. When you share your office then you don’t needs to pay entire office rent yourself but you only pay for the space you need. Shared office space not only saves you money but also increases your work productivity because it gives you a chance to communicate with different type of people and share your thoughts with others and you can also help each other. You can also share technology, internet, office furniture and many other things. That is another reason why, startups should share office space.

Author Bio

Sam Klagsbrun has been associated with InkMasters for the past couple of years; he has been providing tips and advice to people looking to buy printers and printer accessories. Apart from that Sam has also writes about various topics related to technology, computer hardware, and electronics. Sam had been associated with the sales division at InkMasters earlier and according to him Kyocera TK3104 are the highest selling printer accessories in the Australian market.

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