26 May 2009 3 Comments

Your personal expenses relate to your business expenses

As a start-up entrepreneur you should look at you own personal lifestyle and expenses. You don’t have a regular income as a start-up entrepreneur as you do when in full-time employment. Therefore, it’s always a good idea to look at how you spend money in your private life.

This is interconnected to the success of your start-up. Remember that you are the most important part of your start-up. Like your start-up’s cash burn, you own personal cash burn is critical to how long you can work on your start-up before you have to give up and return to employment.

Being lean means more than just saving money in your start-up. It means taking a holistic approach to keeping costs to a minimum in both your business and personal life.

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3 Responses to “Your personal expenses relate to your business expenses”

  1. Susan Kishner 26 May 2009 at 4:01 pm #

    Hi. I read a few of your other posts and wanted to know if you would be interested in exchanging blogroll links?

  2. PeterMontee 3 July 2009 at 7:01 am #

    It agree, it is an excellent idea

  3. anderson 24 September 2011 at 6:24 am #

    Bootstrapping in business means starting a business without external help or capital. Such start-ups fund the development of their company through internal cash flow and are cautious with their expenses

    The following survey is designed to help understand the dynamics of organizations which opt for bootstrapping in comparison to those who do not. The survey normally takes less than two minutes of your time while generating a study useful for decades to come. Please participate in the global survey in order to help us better understand your bootstrapping needs.

    Survey for people who have already bootstrapped a company (successfully or unsuccessfully):
    https://dontshowmethemoney.wufoo.com/forms/bootstrapping-your-experience/
    Survey for people considering bootstrapping their comany:
    https://dontshowmethemoney.wufoo.com/forms/bootstrapping-why-consider-it/


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