How to Know the Limits of Your Frugal Startup

Frugality is the name of the game when it comes to setting up a business that can generate plenty of income with little capital. Unfortunately, there’s always a limit to how frugal you can be. Eventually, it will affect your relationship with the consumer and there’s a good chance that a more experienced business owner will come along and steal your audience. That’s the type of situation that you never want to be in, so here are a couple of ways to learn the limits of your frugal startup and how you can upgrade your business.

Scaling Up To Enterprise Solutions 

There’s a good chance that you use computers in your business. There’s also a fairly high chance that you use Windows as an operating system. If that’s the case, then you’ve probably wondered why there are multiple versions of Windows such as Enterprise Edition and Professional Edition. As a frugal business that just needs access to the internet, you could probably do fine with an older edition such as Windows 7 or 8. However, as you scale up your operation, you’re eventually going to need to upgrade business software to enterprise solutions to grow your company. 

For instance, if you’re currently using a small fridge in your company to keep certain materials, chemicals and products at a lower temperature before being processed, then you might soon run out of space especially if you have to boost your production rates. As a result, you’ll need to rely on professional services such as Alta Refrigeration that offer business-grade solutions as opposed to your frugal DIY setup. Another good example is if you need to print out hundreds of physical documents. A cheap inkjet printer will severely slow down your workflow and it’ll cost you far too much in ink. A better option would be to invest in a business-grade laser printer that has a lower cost per page and works much faster than an inkjet printer. 

In short, scale up your solutions depending on demand, or else you’ll end up playing catch up in your own office and drastically reduce your productivity.

Understand The Limits Of Your Hardware 

As more and more businesses start to rely on digital services for their productivity, it’s good to start learning how the tech in your business works and how limited you are by hardware. If you bought a cheap selection of office computers, then you’re going to need some serious tinkering to protect the data on them. This is because older computers are generally harder to work with since they’re slower, and the hardware itself can start to develop malfunctions which could cause catastrophic data loss in your business. 

Push Your Limits

Once you learn the limits of your hardware, you’ll find that you have no choice but to upgrade computers, software and networking solutions to fit the higher demand. There’s no way around this, and you’ll come to realize that hardware purchases are an incredibly important facet of running a successful business on a budget.

I hope you enjoyed this article about knowing (and pushing) the limits of your frugal startup.

Interested in more articles about lean startups?

Read My Posts:

- How To Define & Apply Growth Hacking

- How Merchandise Can Move Your Marketing

Published by Michael J Schiemer
Owner of Bootstrap Business
Money - Marketing - Motivation
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